464,930 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Bought by GF Fund Management CO. LTD.

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 the company in its most recent filing with the SEC. The fund bought 464,930 shares of the company's stock, valued at approximately $4,914,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Colonial Trust Advisors increased 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 valued at $25,000 after buying 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 valued at $26,000. SRS Capital Advisors Inc. increased its position 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 valued at $27,000 after buying an additional 1,940 shares in the last quarter. Graney & King LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at $28,000. Finally, Ethos Financial Group LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at $29,000. Institutional investors own 59.95% of the company's stock.

Wall Street Analyst Weigh In

WBD has been the subject of a number of research analyst reports. Citigroup upped their target price on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Benchmark reaffirmed a "buy" rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Raymond James reduced 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 research note on Friday, April 4th. Barrington Research reaffirmed an "outperform" rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company upped their target price on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.22.

Insider Activity

In related news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the stock in a transaction on 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 purchase, the director now directly owns 159,932 shares in the company, valued at approximately $1,824,824.12. The trade was a 12.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD traded up $0.47 on Wednesday, hitting $10.02. The company's stock had a trading volume of 59,136,785 shares, compared to its average volume of 33,402,226. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a fifty day moving average of $8.98 and a two-hundred day moving average of $9.92. The firm has a market capitalization of $24.60 billion, a P/E ratio of -2.19, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released 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). The company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $9.66 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm's revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.40) earnings per share. Research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share 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.