Duquesne Family Office LLC Makes New Investment in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Duquesne Family Office LLC acquired a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,657,650 shares of the company's stock, valued at approximately $49,231,000. Warner Bros. Discovery accounts for 1.3% of Duquesne Family Office LLC's portfolio, making the stock its 19th biggest holding. Duquesne Family Office LLC owned about 0.19% of Warner Bros. Discovery at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tidal Investments LLC increased its position in shares of Warner Bros. Discovery by 89.5% in the third quarter. Tidal Investments LLC now owns 142,649 shares of the company's stock worth $1,177,000 after purchasing an additional 67,355 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Warner Bros. Discovery by 111.0% in the 3rd quarter. Franklin Resources Inc. now owns 375,462 shares of the company's stock worth $2,831,000 after buying an additional 197,528 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Warner Bros. Discovery by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company's stock valued at $21,281,000 after buying an additional 78,653 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Warner Bros. Discovery by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 183,888 shares of the company's stock worth $1,958,000 after acquiring an additional 8,875 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. purchased a new position in Warner Bros. Discovery in the fourth quarter worth $125,000. Institutional investors own 59.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WBD. Citigroup upped their price objective on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Barclays increased their price target on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the company an "equal weight" rating in a research report on Friday. KeyCorp cut their price objective on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Finally, 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. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.22.

Insider Activity at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the acquisition, the director now owns 159,932 shares of the company's stock, valued at $1,824,824.12. This trade represents a 12.17 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.

Warner Bros. Discovery Stock Up 0.3 %

Shares of Warner Bros. Discovery stock traded up $0.03 during midday trading on Friday, hitting $9.04. The company had a trading volume of 29,995,614 shares, compared to its average volume of 33,104,550. The company has a 50 day moving average of $9.35 and a 200 day moving average of $9.82. The stock has a market capitalization of $22.19 billion, a P/E ratio of -1.97, a P/E/G ratio of 8.64 and a beta of 1.46. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $9.66 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.40) EPS. On average, equities analysts predict 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.