GF Fund Management CO. LTD. Acquires New Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

GF Fund Management CO. LTD. bought a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 464,930 shares of the company's stock, valued at approximately $4,914,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Neo Ivy Capital Management purchased a new position in shares of Warner Bros. Discovery in the 4th quarter worth about $3,700,000. Vise Technologies Inc. bought a new stake in Warner Bros. Discovery in the 4th quarter worth approximately $124,000. Poehling Capital Management INC. boosted its stake in Warner Bros. Discovery by 0.3% in the fourth quarter. Poehling Capital Management INC. now owns 744,334 shares of the company's stock worth $7,868,000 after buying an additional 1,968 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Warner Bros. Discovery by 25.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,818,180 shares of the company's stock worth $135,488,000 after buying an additional 2,573,716 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in Warner Bros. Discovery during the fourth quarter valued at approximately $20,956,000. Hedge funds and other institutional investors own 59.95% of the company's stock.

Insider Activity

In other news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the purchase, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This represents a 12.17% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WBD. Citigroup dropped their price target on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday. Raymond James dropped their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Benchmark reissued a "buy" rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Barclays upped their price target 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. Finally, KeyCorp dropped their price objective on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.17.

Warner Bros. Discovery Stock Down 2.2%

Shares of WBD stock traded down $0.23 during trading hours on Friday, hitting $9.82. 20,604,840 shares of the company's stock traded hands, compared to its average volume of 33,446,710. 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's fifty day simple moving average is $8.96 and its two-hundred day simple moving average is $9.93. 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 cap of $24.09 billion, a price-to-earnings ratio of -2.14, a PEG ratio of 8.64 and a beta of 1.46.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $9.66 billion. During the same period last year, the business earned ($0.40) EPS. The firm's quarterly revenue was down 9.8% on a year-over-year basis. On average, analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

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.