Warner Bros. Discovery, Inc. $WBD Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 9.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,838,731 shares of the company's stock after buying an additional 161,853 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Warner Bros. Discovery worth $19,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. WPG Advisers LLC acquired a new stake in shares of Warner Bros. Discovery during the 1st quarter worth about $26,000. Financial Gravity Asset Management Inc. purchased a new position in Warner Bros. Discovery in the first quarter valued at approximately $27,000. North Capital Inc. acquired a new stake in Warner Bros. Discovery during the first quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Warner Bros. Discovery during the 1st quarter worth approximately $29,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Warner Bros. Discovery in the 4th quarter valued at $30,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Performance

NASDAQ WBD traded up $0.28 during trading on Wednesday, reaching $12.54. The company's stock had a trading volume of 59,340,696 shares, compared to its average volume of 46,493,376. Warner Bros. Discovery, Inc. has a twelve month low of $6.78 and a twelve month high of $13.86. The firm has a market cap of $31.05 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 1.63 and a beta of 1.59. The business's fifty day moving average price is $12.14 and its 200-day moving average price is $10.57. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.04.

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

Insider Buying and Selling at Warner Bros. Discovery

In related news, Director Anton J. Levy bought 250,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were acquired at an average price of $10.90 per share, with a total value of $2,725,000.00. Following the completion of the acquisition, the director owned 874,000 shares in the company, valued at approximately $9,526,600. This trade represents a 40.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Bank of America lifted their price target on shares of Warner Bros. Discovery from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Citigroup dropped their price objective on Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Argus upgraded Warner Bros. Discovery to a "hold" rating in a research report on Tuesday, May 27th. KeyCorp reduced their target price on Warner Bros. Discovery from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Finally, Raymond James Financial decreased their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $13.14.

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.