Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Bought by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC increased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 1.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,757,289 shares of the company's stock after purchasing an additional 30,448 shares during the quarter. Douglas Lane & Associates LLC owned 0.07% of Warner Bros. Discovery worth $18,856,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Colonial Trust Advisors boosted its holdings 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 valued at $25,000 after buying an additional 996 shares during the period. Stonebridge Financial Group LLC bought a new position in Warner Bros. Discovery in the fourth quarter worth about $26,000. SRS Capital Advisors Inc. boosted its stake in Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock valued at $27,000 after acquiring an additional 1,940 shares during the period. Graney & King LLC bought a new position in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $28,000. Finally, Ethos Financial Group LLC acquired a new stake in shares of Warner Bros. Discovery during the 4th quarter worth approximately $29,000. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Price Performance

Shares of WBD stock traded down $0.04 during mid-day trading on Thursday, hitting $9.75. 29,090,806 shares of the stock traded hands, compared to its average volume of 37,932,988. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The company's 50-day simple moving average is $8.89 and its 200-day simple moving average is $9.94. The firm has a market cap of $23.93 billion, a price-to-earnings ratio of -2.13, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $9.66 billion. During the same period in the previous year, the firm earned ($0.40) earnings per share. Warner Bros. Discovery's revenue was down 9.8% on a year-over-year basis. As a group, equities research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WBD shares. Barclays boosted their price objective on Warner Bros. Discovery from $7.00 to $9.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Argus raised shares of Warner Bros. Discovery to a "hold" rating in a report on Tuesday, May 27th. Morgan Stanley lowered their price target on shares of Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Finally, KeyCorp decreased their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Warner Bros. Discovery presently has an average rating of "Moderate Buy" and an average target price of $12.17.

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.