Sienna Gestion bought a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 538,474 shares of the company's stock, valued at approximately $5,691,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in Warner Bros. Discovery in the fourth quarter worth $26,000. SRS Capital Advisors Inc. lifted its stake in Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after acquiring an additional 1,940 shares during the period. Ethos Financial Group LLC purchased a new stake in Warner Bros. Discovery in the fourth quarter worth $29,000. Briaud Financial Planning Inc lifted its stake in Warner Bros. Discovery by 258.1% in the fourth quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company's stock worth $29,000 after acquiring an additional 2,000 shares during the period. Finally, Sugar Maple Asset Management LLC purchased a new stake in Warner Bros. Discovery in the fourth quarter worth $33,000. Institutional investors own 59.95% of the company's stock.
Wall Street Analysts Forecast Growth
WBD has been the subject of several recent research reports. KeyCorp raised their price objective on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. Citigroup lifted their price target on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Barclays lifted their price target on Warner Bros. Discovery from $10.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $13.00 price target on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Finally, Guggenheim lifted their price target on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.91.
Read Our Latest Stock Analysis on WBD
Warner Bros. Discovery Price Performance
Shares of WBD traded down $0.09 during mid-day trading on Tuesday, hitting $10.39. 33,419,012 shares of the stock were exchanged, compared to its average volume of 30,279,810. The company has a market cap of $25.50 billion, a PE ratio of -2.27, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The firm has a 50-day moving average of $10.36 and a two-hundred day moving average of $9.49. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.
Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.30). The firm had revenue of $10.03 billion for the quarter, compared to analysts' expectations of $10.16 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. On average, equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.
Insider Activity
In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the business's stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $11.41 per share, with a total value of $197,917.86. Following the transaction, 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.80% of the company's stock.
About Warner Bros. Discovery
(
Free Report)
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.
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