Natixis Buys 301,724 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Natixis boosted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 145.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 509,720 shares of the company's stock after acquiring an additional 301,724 shares during the period. Natixis' holdings in Warner Bros. Discovery were worth $5,388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at about $362,210,000. Contrarius Group Holdings Ltd bought a new position in shares of Warner Bros. Discovery during the 4th quarter worth approximately $168,930,000. FMR LLC grew its position in shares of Warner Bros. Discovery by 478.5% during the 4th quarter. FMR LLC now owns 14,278,600 shares of the company's stock worth $150,925,000 after buying an additional 11,810,191 shares during the period. Amundi increased its stake in shares of Warner Bros. Discovery by 108.1% in the 4th quarter. Amundi now owns 10,151,114 shares of the company's stock valued at $102,120,000 after acquiring an additional 5,272,717 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co acquired a new position in shares of Warner Bros. Discovery during the 4th quarter valued at $23,825,000. Institutional investors and hedge funds own 59.95% of the company's stock.

Wall Street Analysts Forecast Growth

WBD has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Citigroup upped their target price on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. KeyCorp reduced their price target on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Barrington Research restated an "outperform" rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Warner Bros. Discovery has a consensus rating of "Moderate Buy" and a consensus target price of $12.01.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD traded up $0.17 during mid-day trading on Thursday, reaching $8.50. 30,060,822 shares of the company's stock were exchanged, compared to its average volume of 32,946,861. The firm has a market capitalization of $20.87 billion, a price-to-earnings ratio of -1.86, a price-to-earnings-growth ratio of 8.64 and a beta of 1.43. The firm has a 50-day moving average price of $9.85 and a two-hundred day moving average price of $9.75. 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 52 week low of $6.64 and a 52 week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its earnings results 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). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $10.03 billion during the quarter, compared to analysts' expectations of $10.16 billion. Analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insiders Place Their Bets

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the company's stock in a transaction on Monday, March 3rd. The shares were acquired at an average cost of $11.41 per share, with a total value of $197,917.86. Following the completion of the acquisition, the director now directly 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 this hyperlink. Company insiders own 1.80% of the company's stock.

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.