Mitsubishi UFJ Asset Management Co. Ltd. Grows Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,697,288 shares of the company's stock after acquiring an additional 159,989 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.15% of Warner Bros. Discovery worth $39,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Stonebridge Financial Group LLC bought a new position in shares of Warner Bros. Discovery in the fourth quarter worth approximately $26,000. SRS Capital Advisors Inc. boosted its position in Warner Bros. Discovery by 313.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock valued at $27,000 after buying an additional 1,940 shares during the period. Graney & King LLC purchased a new position in shares of Warner Bros. Discovery in the fourth quarter valued at about $28,000. Ethos Financial Group LLC bought a new position in shares of Warner Bros. Discovery during the fourth quarter valued at about $29,000. Finally, Briaud Financial Planning Inc boosted 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 during the period. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD traded up $0.30 during mid-day trading on Wednesday, reaching $10.51. The company's stock had a trading volume of 26,348,704 shares, compared to its average volume of 31,695,019. The firm's fifty day moving average price is $10.55 and its two-hundred day moving average price is $9.76. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $25.80 billion, a P/E ratio of -2.29, a PEG ratio of 8.64 and a beta of 1.48. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barrington Research reiterated an "outperform" rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. Citigroup boosted their price target on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Finally, The Goldman Sachs Group increased their price objective on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $11.91.

Insider Buying and Selling at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average cost of $11.41 per share, with a total value of $197,917.86. Following the acquisition, the director now owns 159,932 shares in the company, valued at $1,824,824.12. This trade represents a 12.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

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.