Vanguard Group Inc. Grows Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Vanguard Group Inc. increased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 252,650,791 shares of the company's stock after buying an additional 1,658,415 shares during the quarter. Vanguard Group Inc. owned 10.30% of Warner Bros. Discovery worth $2,670,519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pathstone Holdings LLC grew its stake in shares of Warner Bros. Discovery by 11.6% in the 3rd quarter. Pathstone Holdings LLC now owns 171,331 shares of the company's stock worth $1,413,000 after buying an additional 17,869 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of Warner Bros. Discovery in the third quarter worth $99,000. Commerce Bank increased its holdings in shares of Warner Bros. Discovery by 2.4% during the third quarter. Commerce Bank now owns 55,963 shares of the company's stock valued at $462,000 after acquiring an additional 1,286 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Warner Bros. Discovery by 40.3% in the 3rd quarter. Intech Investment Management LLC now owns 118,531 shares of the company's stock worth $978,000 after purchasing an additional 34,050 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Warner Bros. Discovery by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,685,506 shares of the company's stock worth $129,405,000 after purchasing an additional 687,612 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors.

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Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD traded down $0.61 during trading on Friday, hitting $10.41. 30,904,749 shares of the company's stock were exchanged, compared to its average volume of 34,397,520. The business's 50-day simple moving average is $10.50 and its 200 day simple moving average is $9.66. The company has a market cap of $25.54 billion, a price-to-earnings ratio of -2.27, a PEG 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 current ratio of 0.80 and a quick ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $10.03 billion for the quarter, compared to analysts' expectations of $10.16 billion. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insider Activity at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average cost of $11.41 per share, with a total value of $197,917.86. Following the completion of the purchase, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays lifted their target price on shares of Warner Bros. Discovery from $10.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. KeyCorp boosted their price objective on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. Moffett Nathanson upgraded Warner Bros. Discovery from a "neutral" rating to a "buy" rating and increased their target price for the company from $9.00 to $13.00 in a research note on Tuesday, January 21st. Rosenblatt Securities reissued a "neutral" rating and issued a $13.00 target price on shares of Warner Bros. Discovery in a report on Friday, March 7th. Finally, Bank of America reaffirmed a "buy" rating and set a $14.00 price target on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $11.91.

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.