LBP AM SA cut its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 19.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,602,918 shares of the company's stock after selling 386,873 shares during the quarter. LBP AM SA owned about 0.07% of Warner Bros. Discovery worth $17,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of WBD. Norges Bank purchased a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at $362,210,000. Contrarius Group Holdings Ltd purchased a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at $168,930,000. FMR LLC raised its position in shares of Warner Bros. Discovery by 478.5% during the 4th quarter. FMR LLC now owns 14,278,600 shares of the company's stock valued at $150,925,000 after buying an additional 11,810,191 shares in the last quarter. Slate Path Capital LP raised its position in shares of Warner Bros. Discovery by 36.6% during the 4th quarter. Slate Path Capital LP now owns 23,801,000 shares of the company's stock valued at $251,577,000 after buying an additional 6,381,000 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Warner Bros. Discovery by 682.8% during the 1st quarter. KBC Group NV now owns 7,145,308 shares of the company's stock valued at $76,669,000 after buying an additional 6,232,561 shares in the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.
Warner Bros. Discovery Stock Up 0.7%
NASDAQ:WBD traded up $0.08 during mid-day trading on Friday, hitting $11.73. 70,357,511 shares of the company's stock were exchanged, compared to its average volume of 37,051,351. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day moving average price of $10.07 and a 200 day moving average price of $9.96. The company has a market cap of $28.79 billion, a PE ratio of -2.67 and a beta of 1.54.
Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative return on equity of 30.56% and a negative net margin of 28.16%. The business had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $9.66 billion. During the same period in the previous year, the firm earned ($0.40) EPS. The company's revenue was down 9.8% on a year-over-year basis. Equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.
Analyst Ratings Changes
WBD has been the topic of several research reports. UBS Group raised their price objective on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday. Huber Research upgraded shares of Warner Bros. Discovery from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, June 9th. Guggenheim reiterated a "buy" rating on shares of Warner Bros. Discovery in a research report on Tuesday, June 10th. Morgan Stanley decreased their target price on shares of Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Finally, Argus upgraded shares of Warner Bros. Discovery to a "hold" rating in a research report on Tuesday, May 27th. Twelve research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.41.
View Our Latest Stock Analysis on Warner Bros. Discovery
About Warner Bros. Discovery
(
Free Report)
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.
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