Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 72.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,271,894 shares of the company's stock after acquiring an additional 954,648 shares during the quarter. Assenagon Asset Management S.A. owned 0.09% of Warner Bros. Discovery worth $24,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Colonial Trust Advisors raised its position in shares of Warner Bros. Discovery by 71.8% in the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after acquiring an additional 996 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter worth $26,000. SRS Capital Advisors Inc. boosted its stake in shares of Warner Bros. Discovery by 313.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after buying an additional 1,940 shares during the last quarter. Graney & King LLC purchased a new position in shares of Warner Bros. Discovery in the 4th quarter worth $28,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Warner Bros. Discovery in the 4th quarter worth $29,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ:WBD traded down $0.13 during trading on Friday, hitting $10.03. The stock had a trading volume of 39,377,883 shares, compared to its average volume of 34,700,413. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The stock has a market capitalization of $24.62 billion, a price-to-earnings ratio of -2.19, a price-to-earnings-growth ratio of 8.64 and a beta of 1.51. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a 50-day simple moving average of $8.99 and a two-hundred day simple moving average of $9.94.

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 for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $9.66 billion. During the same quarter in the prior year, the business posted ($0.40) earnings per share. The firm's revenue was down 9.8% compared to the same quarter last year. On average, equities research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Citigroup lowered their target price on Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. Barclays boosted their price objective on Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Barrington Research reiterated an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a report on Monday, June 9th. Wells Fargo & Company boosted their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, Argus upgraded Warner Bros. Discovery to a "hold" rating in a report on Tuesday, May 27th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Warner Bros. Discovery has a consensus rating of "Moderate Buy" and a consensus price target of $12.17.

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.