B. Metzler seel. Sohn & Co. AG Has $2.44 Million Stock Holdings in Warner Bros. Discovery, Inc. $WBD

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Warner Bros. Discovery, Inc. by 20% in the first quarter, totaling 227,434 shares valued at approximately $2.44 million.
• Warner Bros. Discovery recently reported $0.63 earnings per share for the quarter, significantly surpassing analysts' expectations and showing a 1% revenue increase compared to the previous year.
• Analysts currently rate Warner Bros. Discovery stock as a Moderate Buy, with a consensus price target of $13.14.

B. Metzler seel. Sohn & Co. AG grew its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 20.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 227,434 shares of the company's stock after purchasing an additional 37,968 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Warner Bros. Discovery were worth $2,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Financial Gravity Asset Management Inc. acquired a new position in Warner Bros. Discovery during the first quarter worth $27,000. North Capital Inc. bought a new stake in shares of Warner Bros. Discovery during the 1st quarter worth about $28,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Warner Bros. Discovery during the 1st quarter valued at about $29,000. Ameriflex Group Inc. bought a new position in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $30,000. Finally, Golden State Wealth Management LLC lifted its holdings in Warner Bros. Discovery by 448.0% in the 1st quarter. Golden State Wealth Management LLC now owns 2,877 shares of the company's stock worth $31,000 after purchasing an additional 2,352 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock traded down $0.42 during mid-day trading on Monday, reaching $11.64. The company had a trading volume of 60,181,031 shares, compared to its average volume of 47,022,940. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.92. The firm has a market cap of $28.82 billion, a price-to-earnings ratio of 38.80, a PEG ratio of 1.55 and a beta of 1.59. The company has a 50 day moving average of $11.99 and a 200-day moving average of $10.49. Warner Bros. Discovery, Inc. has a 52 week low of $6.78 and a 52 week high of $13.86.

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

Analyst Upgrades and Downgrades

WBD has been the topic of several analyst reports. UBS Group increased their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Barclays upped their price objective on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Wells Fargo & Company lifted their target price on shares of Warner Bros. Discovery from $11.00 to $13.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Argus raised shares of Warner Bros. Discovery to a "hold" rating in a research report on Tuesday, May 27th. Finally, Huber Research upgraded shares of Warner Bros. Discovery from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $13.14.

Insider Activity at Warner Bros. Discovery

In other news, Director Anton J. Levy acquired 75,000 shares of Warner Bros. Discovery stock in a transaction on Tuesday, August 12th. The stock was bought at an average price of $11.00 per share, for a total transaction of $825,000.00. Following the transaction, the director owned 949,000 shares of the company's stock, valued at $10,439,000. The trade was a 8.58% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company's stock.

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.