Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Purchased by Slate Path Capital LP

Slate Path Capital LP grew its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 36.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,801,000 shares of the company's stock after acquiring an additional 6,381,000 shares during the quarter. Warner Bros. Discovery accounts for about 4.6% of Slate Path Capital LP's holdings, making the stock its 5th largest position. Slate Path Capital LP owned 0.97% of Warner Bros. Discovery worth $251,577,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in Warner Bros. Discovery by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company's stock valued at $21,281,000 after buying an additional 78,653 shares in the last quarter. Coronation Fund Managers Ltd. raised its stake in shares of Warner Bros. Discovery by 54.1% in the fourth quarter. Coronation Fund Managers Ltd. now owns 5,644,290 shares of the company's stock worth $59,660,000 after acquiring an additional 1,981,050 shares during the last quarter. Prudential PLC lifted its holdings in Warner Bros. Discovery by 31.1% during the 4th quarter. Prudential PLC now owns 135,163 shares of the company's stock worth $1,429,000 after buying an additional 32,102 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Warner Bros. Discovery during the fourth quarter valued at $168,000. Finally, Natixis Advisors LLC boosted its holdings in Warner Bros. Discovery by 3.6% in the fourth quarter. Natixis Advisors LLC now owns 291,006 shares of the company's stock valued at $3,076,000 after acquiring an additional 10,024 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery 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, with a total value of $197,917.86. Following the acquisition, the director now owns 159,932 shares of the company's stock, valued at $1,824,824.12. The trade was a 12.17 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

WBD has been the topic of a number of research reports. KeyCorp cut their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a report on Friday, February 28th. Wells Fargo & Company lowered their target price on shares of Warner Bros. Discovery from $11.00 to $9.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Rosenblatt Securities restated 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, Moffett Nathanson raised Warner Bros. Discovery from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $9.00 to $13.00 in a research note on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $12.01.

Warner Bros. Discovery Stock Up 1.1 %

Shares of Warner Bros. Discovery stock traded up $0.09 during trading hours on Friday, reaching $8.59. 24,510,405 shares of the company's stock were exchanged, compared to its average volume of 32,946,635. The company has a 50 day moving average of $9.81 and a two-hundred day moving average of $9.75. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $21.09 billion, a P/E ratio of -1.88, a P/E/G ratio of 8.64 and a beta of 1.43.

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

Warner Bros. Discovery Company 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.