Warner Bros. Discovery, Inc. (NASDAQ:WBD) Position Boosted by Sei Investments Co.

Sei Investments Co. grew its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700,986 shares of the company's stock after acquiring an additional 59,883 shares during the period. Sei Investments Co.'s holdings in Warner Bros. Discovery were worth $7,409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WBD. Hauser Brothers GmbH lifted its stake in Warner Bros. Discovery by 56.1% during the third quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company's stock worth $10,106,000 after purchasing an additional 440,000 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Warner Bros. Discovery by 3.1% during the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company's stock worth $21,281,000 after purchasing an additional 78,653 shares during the period. Erste Asset Management GmbH bought a new position in shares of Warner Bros. Discovery in the 3rd quarter worth about $1,474,000. Coronation Fund Managers Ltd. boosted its holdings in shares of Warner Bros. Discovery by 54.1% in the 4th quarter. Coronation Fund Managers Ltd. now owns 5,644,290 shares of the company's stock valued at $59,660,000 after buying an additional 1,981,050 shares during the period. Finally, SVB Wealth LLC bought a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at about $168,000. Institutional investors own 59.95% of the company's stock.

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Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock traded down $1.40 during trading on Thursday, hitting $9.16. The stock had a trading volume of 52,763,621 shares, compared to its average volume of 31,842,681. The business has a fifty day moving average of $10.56 and a two-hundred day moving average of $9.76. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The firm has a market cap of $22.49 billion, a P/E ratio of -2.00, a PEG ratio of 8.64 and a beta of 1.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.30). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $10.03 billion during the quarter, compared to the consensus estimate of $10.16 billion. On average, sell-side analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Insider Activity at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the acquisition, the director now directly owns 159,932 shares of the company's stock, valued at $1,824,824.12. The trade was a 12.17 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Barrington Research restated an "outperform" rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a research note on Wednesday, March 5th. Rosenblatt Securities restated a "neutral" rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Benchmark reaffirmed a "buy" rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. The Goldman Sachs Group boosted their price target on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a "neutral" rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.91.

Warner Bros. Discovery Profile

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.