Mn Services Vermogensbeheer B.V. Buys 36,100 Shares of Warner Bros. Discovery, Inc. $WBD

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Warner Bros. Discovery, Inc. by 4.3% during Q2, owning 878,600 shares worth approximately $10,069,000.
• Warner Bros. Discovery's stock performance shows a market capitalization of $47.86 billion and a 52-week trading range between $7.25 and $19.59.
• Analysts have varied ratings for Warner Bros. Discovery, with one "Strong Buy," eight "Buy," and thirteen "Hold," reflecting mixed sentiment among investors.

Mn Services Vermogensbeheer B.V. raised its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 878,600 shares of the company's stock after buying an additional 36,100 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Warner Bros. Discovery were worth $10,069,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. WPG Advisers LLC bought a new position in shares of Warner Bros. Discovery in the first quarter worth about $26,000. Financial Gravity Asset Management Inc. acquired a new stake in Warner Bros. Discovery during the first quarter valued at approximately $27,000. North Capital Inc. acquired a new stake in Warner Bros. Discovery during the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in Warner Bros. Discovery during the first quarter valued at approximately $29,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Warner Bros. Discovery in the 4th quarter worth approximately $30,000. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Stock Performance

Shares of Warner Bros. Discovery stock opened at $19.33 on Friday. The firm has a fifty day moving average of $13.13 and a two-hundred day moving average of $10.92. The stock has a market capitalization of $47.86 billion, a price-to-earnings ratio of 64.44, a PEG ratio of 2.49 and a beta of 1.59. Warner Bros. Discovery, Inc. has a 52 week low of $7.25 and a 52 week high of $19.59. 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 issued its earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.79. The company had revenue of $9.81 billion during the quarter, compared to analysts' expectations of $9.73 billion. Warner Bros. Discovery had a net margin of 2.00% and a return on equity of 2.14%. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($4.07) EPS. As a group, equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insider Buying and Selling at Warner Bros. Discovery

In related news, CFO Gunnar Wiedenfels sold 530,793 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $19.50, for a total value of $10,350,463.50. Following the completion of the sale, the chief financial officer owned 1,141,150 shares in the company, valued at $22,252,425. This represents a 31.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anton J. Levy acquired 75,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average price of $11.00 per share, with a total value of $825,000.00. Following the transaction, the director owned 949,000 shares in the company, valued at $10,439,000. This represents a 8.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 970,115 shares of company stock worth $17,818,490. Insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

WBD has been the topic of several recent analyst reports. Bank of America boosted their target price on Warner Bros. Discovery from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Guggenheim reaffirmed a "buy" rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. UBS Group upped their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Benchmark reaffirmed a "buy" rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a report on Monday, July 14th. Finally, KeyCorp reduced their price objective on Warner Bros. Discovery from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $13.25.

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.

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