ASR Vermogensbeheer N.V. Has $2.78 Million Holdings in Warner Bros. Discovery, Inc. $WBD

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Warner Bros. Discovery by 66.4%, owning 242,580 shares worth approximately $2.78 million as of the latest SEC filing.
• Warner Bros. Discovery reported $0.63 earnings per share for the last quarter, significantly surpassing analysts’ expectations of a loss.
• Analysts have mixed ratings for Warner Bros. Discovery, with one Strong Buy, seven Buy, and fifteen Hold ratings, alongside various price targets ranging from $10.00 to $23.00.

ASR Vermogensbeheer N.V. raised its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 66.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 242,580 shares of the company's stock after buying an additional 96,835 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Warner Bros. Discovery were worth $2,780,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WBD. WPG Advisers LLC acquired a new position in shares of Warner Bros. Discovery during the first quarter worth approximately $26,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Warner Bros. Discovery during the first quarter worth approximately $27,000. North Capital Inc. acquired a new position in shares of Warner Bros. Discovery during the first quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Warner Bros. Discovery during the first quarter worth approximately $29,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Warner Bros. Discovery by 448.0% during the first quarter. Golden State Wealth Management LLC now owns 2,877 shares of the company's stock worth $31,000 after buying an additional 2,352 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ:WBD opened at $18.99 on Friday. The business's fifty day moving average price is $14.45 and its two-hundred day moving average price is $11.53. Warner Bros. Discovery, Inc. has a fifty-two week low of $7.25 and a fifty-two week high of $20.24. The stock has a market capitalization of $47.01 billion, a price-to-earnings ratio of 63.30, a price-to-earnings-growth ratio of 2.46 and a beta of 1.73. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.04 and a quick ratio of 1.04.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.79. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.The firm had revenue of $9.81 billion for the quarter, compared to analysts' expectations of $9.73 billion. During the same period in the prior year, the business posted ($4.07) earnings per share. The business's revenue was up 1.0% compared to the same quarter last year. As a group, analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WBD. TD Cowen reiterated a "hold" rating and set a $14.00 price target on shares of Warner Bros. Discovery in a report on Tuesday, September 16th. Moffett Nathanson raised their target price on Warner Bros. Discovery from $14.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. UBS Group raised their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. KeyCorp reaffirmed a "sector weight" rating on shares of Warner Bros. Discovery in a research report on Friday, September 26th. Finally, Benchmark reaffirmed a "buy" rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Warner Bros. Discovery presently has an average rating of "Hold" and an average price target of $15.14.

Insider Buying and Selling at Warner Bros. Discovery

In related news, Director Anton J. Levy purchased 75,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were purchased at an average cost of $11.00 per share, for a total transaction of $825,000.00. Following the completion of the transaction, the director directly owned 949,000 shares of the company's stock, valued at approximately $10,439,000. The trade was a 8.58% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gunnar Wiedenfels sold 530,793 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $19.50, for a total value of $10,350,463.50. Following the completion of the sale, the chief financial officer owned 1,141,150 shares in the company, valued at $22,252,425. This trade represents a 31.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 970,115 shares of company stock worth $17,818,490 over the last three months. Company insiders own 1.90% of the company's stock.

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.

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