Robeco Institutional Asset Management B.V. Raises Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,550,885 shares of the company's stock after acquiring an additional 724,393 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.14% of Warner Bros. Discovery worth $37,533,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of WBD. Sugar Maple Asset Management LLC acquired a new position in Warner Bros. Discovery in the fourth quarter valued at about $33,000. Future Financial Wealth Managment LLC bought a new stake in Warner Bros. Discovery during the third quarter worth $41,000. Larson Financial Group LLC boosted its holdings in shares of Warner Bros. Discovery by 54.1% in the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company's stock valued at $41,000 after purchasing an additional 1,754 shares in the last quarter. Quarry LP increased its stake in shares of Warner Bros. Discovery by 2,185.1% in the 2nd quarter. Quarry LP now owns 6,307 shares of the company's stock valued at $47,000 after purchasing an additional 6,031 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of Warner Bros. Discovery by 448.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company's stock worth $48,000 after buying an additional 3,743 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

Insider Activity

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the sale, the insider now directly owns 599,317 shares in the company, valued at $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Guggenheim upped their price objective on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. KeyCorp lifted their target price on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. Raymond James increased their price target on Warner Bros. Discovery from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, Barclays boosted their target price on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Ten 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.76.

Warner Bros. Discovery Stock Down 2.2 %

WBD traded down $0.23 during mid-day trading on Monday, reaching $10.22. 19,707,272 shares of the stock were exchanged, compared to its average volume of 26,302,502. The company has a 50 day moving average price of $10.47 and a two-hundred day moving average price of $8.93. The stock has a market capitalization of $25.06 billion, a PE ratio of -2.24, a price-to-earnings-growth ratio of 6.36 and a beta of 1.49. 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, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.79 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.17) EPS. As a group, research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current 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.