Achmea Investment Management B.V. Has $2.88 Million Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Achmea Investment Management B.V. lifted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 42.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 268,359 shares of the company's stock after buying an additional 80,059 shares during the quarter. Achmea Investment Management B.V.'s holdings in Warner Bros. Discovery were worth $2,880,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Colonial Trust Advisors increased its position in shares of Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after buying an additional 996 shares during the period. Personal CFO Solutions LLC increased its position 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 buying an additional 1,174 shares during the period. TCTC Holdings LLC grew its holdings in Warner Bros. Discovery by 18.1% in the fourth quarter. TCTC Holdings LLC now owns 8,156 shares of the company's stock worth $86,000 after purchasing an additional 1,250 shares during the period. Flagship Harbor Advisors LLC grew its holdings in Warner Bros. Discovery by 9.7% in the first quarter. Flagship Harbor Advisors LLC now owns 14,955 shares of the company's stock worth $160,000 after purchasing an additional 1,318 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Warner Bros. Discovery by 11.4% in the fourth quarter. Bessemer Group Inc. now owns 13,047 shares of the company's stock worth $139,000 after purchasing an additional 1,338 shares during the period. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Up 1.3%

WBD opened at $11.30 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.84 and a quick ratio of 0.84. The company's 50-day moving average is $9.50 and its 200 day moving average is $9.95. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The firm has a market capitalization of $27.74 billion, a P/E ratio of -2.57 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). Warner Bros. Discovery had a negative net margin of 28.16% and a negative return on equity of 30.56%. The firm had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $9.66 billion. During the same period in the previous year, the business earned ($0.40) earnings per share. The firm's revenue for the quarter was down 9.8% on a year-over-year basis. Research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WBD shares. Citigroup reduced their price target on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Raymond James Financial reduced their price target on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Barrington Research restated an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a report on Monday, June 9th. Guggenheim restated a "buy" rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. Finally, 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 report on Monday, April 14th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $12.17.

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.

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