Quantinno Capital Management LP Purchases 83,725 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Quantinno Capital Management LP raised its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 43.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 275,995 shares of the company's stock after acquiring an additional 83,725 shares during the period. Quantinno Capital Management LP's holdings in Warner Bros. Discovery were worth $2,917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Golden State Equity Partners boosted its stake in Warner Bros. Discovery by 6.5% in the 4th quarter. Golden State Equity Partners now owns 16,124 shares of the company's stock worth $170,000 after purchasing an additional 986 shares during the period. Colonial Trust Advisors lifted its holdings in shares of Warner Bros. Discovery by 71.8% in the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock valued at $25,000 after purchasing an additional 996 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in shares of Warner Bros. Discovery by 12.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company's stock worth $105,000 after buying an additional 1,066 shares during the period. Cornerstone Wealth Management LLC grew its holdings in shares of Warner Bros. Discovery by 7.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock worth $169,000 after buying an additional 1,101 shares in the last quarter. Finally, Personal CFO Solutions LLC raised its position in Warner Bros. Discovery by 2.8% in the 4th quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company's stock valued at $454,000 after buying an additional 1,174 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Trading Down 1.2%

Warner Bros. Discovery stock opened at $9.05 on Tuesday. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $22.22 billion, a P/E ratio of -1.98, a PEG ratio of 8.64 and a beta of 1.46. The stock has a 50-day simple moving average of $9.15 and a 200 day simple moving average of $9.91.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $9.66 billion. During the same quarter in the previous year, the business posted ($0.40) EPS. The company's revenue for the quarter was down 9.8% on a year-over-year basis. Analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barrington Research reaffirmed an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research report on Tuesday, May 13th. Barclays increased their target price on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Rosenblatt Securities restated a "neutral" rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Finally, Moffett Nathanson raised Warner Bros. Discovery from a "neutral" rating to a "buy" rating and lifted their target price for the company from $9.00 to $13.00 in a research report on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.22.

Insider Transactions at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company's stock.

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.

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