Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,783,248 shares of the company's stock after acquiring an additional 497,361 shares during the period. Hsbc Holdings PLC owned 0.19% of Warner Bros. Discovery worth $50,789,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Warner Bros. Discovery by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 252,650,791 shares of the company's stock valued at $2,670,519,000 after acquiring an additional 1,658,415 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Warner Bros. Discovery by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 57,441,931 shares of the company's stock worth $605,633,000 after purchasing an additional 1,991,441 shares during the period. Norges Bank purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter worth $362,210,000. Charles Schwab Investment Management Inc. raised its stake in Warner Bros. Discovery by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,547,162 shares of the company's stock worth $174,904,000 after acquiring an additional 861,656 shares during the period. Finally, Contrarius Group Holdings Ltd purchased a new stake in shares of Warner Bros. Discovery during the fourth quarter worth about $168,930,000. 59.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on WBD. Raymond James reduced their price target on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Rosenblatt Securities reissued a "neutral" rating and set a $13.00 price target on shares of Warner Bros. Discovery in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Benchmark restated a "buy" rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Finally, Moffett Nathanson upgraded shares of Warner Bros. Discovery from a "neutral" rating to a "buy" rating and increased their price objective for the company from $9.00 to $13.00 in a research report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.01.

Warner Bros. Discovery Stock Up 1.0 %

NASDAQ WBD traded up $0.09 during midday trading on Tuesday, hitting $8.79. 20,155,034 shares of the company traded hands, compared to its average volume of 32,971,728. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $21.57 billion, a PE ratio of -1.92, a price-to-earnings-growth ratio of 8.64 and a beta of 1.43. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The company's 50-day simple moving average is $9.77 and its 200-day simple moving average is $9.79.

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

Insider Activity at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the acquisition, the director now directly owns 159,932 shares in the company, valued at approximately $1,824,824.12. This trade represents a 12.17 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

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.