Ensign Peak Advisors Inc Purchases 123,763 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Ensign Peak Advisors Inc increased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 953,481 shares of the company's stock after acquiring an additional 123,763 shares during the period. Ensign Peak Advisors Inc's holdings in Warner Bros. Discovery were worth $10,078,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WBD. Deutsche Bank AG boosted its position in Warner Bros. Discovery by 2.7% in the 4th quarter. Deutsche Bank AG now owns 9,321,575 shares of the company's stock valued at $98,529,000 after buying an additional 247,319 shares during the last quarter. Duquesne Family Office LLC bought a new position in Warner Bros. Discovery in the 4th quarter valued at $49,231,000. EP Wealth Advisors LLC boosted its position in Warner Bros. Discovery by 61.8% in the 4th quarter. EP Wealth Advisors LLC now owns 29,351 shares of the company's stock valued at $310,000 after buying an additional 11,209 shares during the last quarter. Collar Capital Management LLC bought a new position in Warner Bros. Discovery in the 4th quarter valued at $883,000. Finally, Crestline Management LP bought a new position in Warner Bros. Discovery in the 4th quarter valued at $853,000. 59.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 3rd. The stock was acquired 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 approximately $1,824,824.12. This trade represents a 12.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WBD has been the topic of a number of recent research reports. Barclays increased their price objective on Warner Bros. Discovery from $7.00 to $9.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Rosenblatt Securities reissued a "neutral" rating and issued a $13.00 price target on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Barrington Research reissued an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a research note on Tuesday. Morgan Stanley cut their price target on Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company increased their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Warner Bros. Discovery presently has an average rating of "Moderate Buy" and a consensus target price of $12.22.

Warner Bros. Discovery Stock Down 0.8%

Shares of NASDAQ WBD traded down $0.07 during mid-day trading on Thursday, hitting $9.14. The company had a trading volume of 24,002,633 shares, compared to its average volume of 33,151,426. The company has a market capitalization of $22.44 billion, a PE ratio of -2.00, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46. The firm has a 50-day simple moving average of $9.20 and a two-hundred day simple moving average of $9.87. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). The company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $9.66 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Warner Bros. Discovery's revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.40) EPS. On average, equities analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

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.