Swiss National Bank Has $69.55 Million Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Swiss National Bank lessened its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,580,327 shares of the company's stock after selling 329,100 shares during the period. Swiss National Bank owned about 0.27% of Warner Bros. Discovery worth $69,554,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Golden State Equity Partners boosted its position in shares of Warner Bros. Discovery by 6.5% during the 4th quarter. Golden State Equity Partners now owns 16,124 shares of the company's stock worth $170,000 after acquiring an additional 986 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in shares of Warner Bros. Discovery by 12.0% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company's stock worth $105,000 after acquiring an additional 1,066 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Warner Bros. Discovery by 7.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock worth $169,000 after acquiring an additional 1,101 shares in the last quarter. Personal CFO Solutions LLC boosted its position in shares of Warner Bros. Discovery by 2.8% during the 4th quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company's stock worth $454,000 after acquiring an additional 1,174 shares in the last quarter. Finally, Avestar Capital LLC lifted its stake in Warner Bros. Discovery by 9.4% in the 4th quarter. Avestar Capital LLC now owns 14,337 shares of the company's stock valued at $152,000 after purchasing an additional 1,228 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

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Warner Bros. Discovery Trading Up 5.1 %

Shares of Warner Bros. Discovery stock traded up $0.53 on Wednesday, reaching $10.92. 36,582,348 shares of the company's stock were exchanged, compared to its average volume of 30,301,353. The company has a market capitalization of $26.81 billion, a P/E ratio of -2.38, 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 company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The firm's 50-day moving average is $10.35 and its two-hundred day moving average is $9.53.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $10.03 billion during the quarter, compared to the consensus estimate of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on WBD shares. Barclays increased their price objective on shares of Warner Bros. Discovery from $10.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. The Goldman Sachs Group increased their price objective on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Needham & Company LLC reissued a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Guggenheim increased their price objective on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $13.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.91.

Insiders Place Their Bets

In related news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of Warner Bros. Discovery stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the acquisition, the director now owns 159,932 shares of the company's stock, valued at $1,824,824.12. This trade represents a 12.17 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company's stock.

About Warner Bros. Discovery

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.