Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 496,813 shares of the company's stock after purchasing an additional 60,824 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Warner Bros. Discovery were worth $5,251,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. OFI Invest Asset Management acquired a new stake in Warner Bros. Discovery during the 4th quarter worth approximately $53,000. Personal CFO Solutions LLC lifted its holdings in shares of Warner Bros. Discovery by 2.8% during the fourth quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company's stock worth $454,000 after purchasing an additional 1,174 shares during the period. Amundi grew its position in 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 buying an additional 5,272,717 shares during the last quarter. Machina Capital S.A.S. purchased a new position in Warner Bros. Discovery in the 4th quarter valued at $453,000. Finally, Mesirow Financial Investment Management Inc. increased its stake in shares of Warner Bros. Discovery by 10.5% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 36,278 shares of the company's stock worth $383,000 after acquiring an additional 3,448 shares during the period. Institutional investors and hedge funds own 59.95% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have issued reports on WBD. Guggenheim boosted their target price on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Rosenblatt Securities reiterated a "neutral" rating and issued a $13.00 price objective on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. KeyCorp upped 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. Finally, Moffett Nathanson raised Warner Bros. Discovery from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $9.00 to $13.00 in a research note on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Warner Bros. Discovery has a consensus rating of "Moderate Buy" and an average target price of $11.91.

Warner Bros. Discovery Trading Down 0.9 %

Shares of Warner Bros. Discovery stock traded down $0.09 during trading hours on Tuesday, reaching $10.39. 33,417,981 shares of the company's stock were exchanged, compared to its average volume of 30,279,789. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The company has a fifty day moving average of $10.36 and a 200-day moving average of $9.49. 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 firm has a market capitalization of $25.50 billion, a price-to-earnings ratio of -2.27, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48.

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 the consensus estimate of $0.10 by ($0.30). The business had revenue of $10.03 billion for the quarter, compared to analysts' expectations of $10.16 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insider Transactions at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was 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 represents a 12.17 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 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.