APG Asset Management N.V. Grows Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

APG Asset Management N.V. boosted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 495.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,370,616 shares of the company's stock after buying an additional 1,140,325 shares during the period. APG Asset Management N.V. owned approximately 0.06% of Warner Bros. Discovery worth $13,991,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in WBD. Stonebridge Financial Group LLC bought a new position in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. increased its holdings in shares of 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 purchasing an additional 1,940 shares during the period. Graney & King LLC purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at about $28,000. Ethos Financial Group LLC bought a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at about $29,000. Finally, Briaud Financial Planning Inc grew its holdings in shares of Warner Bros. Discovery by 258.1% during the fourth quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company's stock worth $29,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors 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 acquired 17,346 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was purchased 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 in the company, valued at approximately $1,824,824.12. The trade was a 12.17 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company's stock.

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Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock traded up $0.24 during midday trading on Tuesday, reaching $8.26. 28,524,403 shares of the company traded hands, compared to its average volume of 32,500,881. 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, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70. The firm has a market capitalization of $20.26 billion, a price-to-earnings ratio of -1.80, a price-to-earnings-growth ratio of 8.64 and a beta of 1.43. The business has a 50 day moving average of $10.17 and a two-hundred day moving average of $9.76.

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

Wall Street Analysts Forecast Growth

WBD has been the topic of a number of research analyst reports. KeyCorp reduced their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Monday. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. The Goldman Sachs Group increased their target price on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a "neutral" rating in a report on Thursday, December 19th. Raymond James cut their price target on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Finally, Barclays decreased their price objective on Warner Bros. Discovery from $12.00 to $7.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $11.66.

Warner Bros. Discovery 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.