Harvest Fund Management Co. Ltd Has $1.53 Million Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Harvest Fund Management Co. Ltd grew its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 27.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,374 shares of the company's stock after purchasing an additional 31,431 shares during the period. Harvest Fund Management Co. Ltd's holdings in Warner Bros. Discovery were worth $1,525,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Xponance Inc. raised its holdings in shares of Warner Bros. Discovery by 1.8% during the fourth quarter. Xponance Inc. now owns 331,762 shares of the company's stock worth $3,507,000 after acquiring an additional 6,024 shares in the last quarter. TCTC Holdings LLC increased its position in Warner Bros. Discovery by 18.1% in the 4th quarter. TCTC Holdings LLC now owns 8,156 shares of the company's stock worth $86,000 after purchasing an additional 1,250 shares during the last quarter. Signaturefd LLC raised its stake in shares of Warner Bros. Discovery by 23.0% during the 4th quarter. Signaturefd LLC now owns 26,569 shares of the company's stock worth $281,000 after purchasing an additional 4,965 shares in the last quarter. Cibc World Markets Corp lifted its holdings in shares of Warner Bros. Discovery by 2.2% during the 4th quarter. Cibc World Markets Corp now owns 1,866,446 shares of the company's stock valued at $19,728,000 after buying an additional 39,592 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of Warner Bros. Discovery by 150.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,663 shares of the company's stock valued at $60,000 after buying an additional 3,400 shares in the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Warner Bros. Discovery 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 purchased at an average price of $11.41 per share, with a total value of $197,917.86. Following the completion of the transaction, the director now directly owns 159,932 shares of the company's stock, valued at approximately $1,824,824.12. This trade represents a 12.17 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

WBD has been the subject of a number of analyst reports. Guggenheim lifted their target price 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. Barclays lifted 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. KeyCorp increased their target price on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Bank of America reaffirmed a "buy" rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group raised their price objective on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.91.

Warner Bros. Discovery Stock Performance

Shares of WBD traded up $0.23 during trading hours on Monday, reaching $10.97. 43,659,532 shares of the company traded hands, compared to its average volume of 30,449,727. 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 stock's fifty day moving average is $10.40 and its 200 day moving average is $9.59. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70. The stock has a market cap of $26.93 billion, a P/E ratio of -2.40, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates 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%. Equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

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.