145,745 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Purchased by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. made a new investment of $1.56 million in Warner Bros. Discovery, acquiring 145,745 shares of the company.
• Warner Bros. Discovery recently reported $0.63 EPS, exceeding analyst expectations, and achieved revenue of $9.81 billion for the quarter.
• The stock price of Warner Bros. Discovery has declined by 8.0%, and it currently trades around $10.91 per share.

ASR Vermogensbeheer N.V. purchased a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 145,745 shares of the company's stock, valued at approximately $1,564,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Advisors boosted its stake in Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock valued at $25,000 after buying an additional 996 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in Warner Bros. Discovery during the first quarter worth about $27,000. North Capital Inc. purchased a new position in shares of Warner Bros. Discovery in the first quarter worth about $28,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Warner Bros. Discovery in the first quarter worth about $29,000. Finally, Ameriflex Group Inc. purchased a new position in Warner Bros. Discovery during the 4th quarter valued at about $30,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WBD shares. Barclays lifted their price objective on Warner Bros. Discovery from $9.00 to $13.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Barrington Research reiterated an "outperform" rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research note on Wednesday, July 30th. Wells Fargo & Company upped their price objective on Warner Bros. Discovery from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Friday. Morgan Stanley increased their price target on Warner Bros. Discovery from $10.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. Twelve analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Warner Bros. Discovery currently has an average rating of "Hold" and an average target price of $12.84.

Warner Bros. Discovery Price Performance

NASDAQ:WBD traded down $0.13 during trading hours on Monday, reaching $10.78. 39,444,754 shares of the company traded hands, compared to its average volume of 47,017,324. The stock has a market cap of $26.46 billion, a P/E ratio of 35.93 and a beta of 1.57. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.04 and a quick ratio of 1.04. The firm's 50-day moving average is $11.52 and its 200-day moving average is $10.33. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $13.86.

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

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.