Raiffeisen Bank International AG Takes Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Raiffeisen Bank International AG 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 Securities & Exchange Commission. The fund bought 56,358 shares of the company's stock, valued at approximately $592,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Warner Bros. Discovery in the 4th quarter valued at about $146,000. Polar Asset Management Partners Inc. bought a new position in Warner Bros. Discovery in the fourth quarter worth about $3,022,000. Quantinno Capital Management LP boosted its stake in Warner Bros. Discovery by 43.5% in the fourth quarter. Quantinno Capital Management LP now owns 275,995 shares of the company's stock valued at $2,917,000 after acquiring an additional 83,725 shares during the period. Morgens Waterfall Vintiadis & Co. Inc. acquired a new position in Warner Bros. Discovery in the fourth quarter valued at approximately $3,700,000. Finally, Mufg Securities Americas Inc. bought a new position in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $348,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Price Performance

NASDAQ WBD traded down $0.06 on Friday, reaching $8.97. The company's stock had a trading volume of 9,460,565 shares, compared to its average volume of 33,227,005. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month 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 firm's 50 day moving average is $9.09 and its two-hundred day moving average is $9.91. The stock has a market cap of $22.01 billion, a PE ratio of -1.96, a PEG ratio of 8.64 and a beta of 1.46.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its 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). The business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $9.66 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.40) earnings per share. As a group, sell-side 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 recent research reports. Benchmark reissued a "buy" rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Barrington Research reissued an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a report on Tuesday, May 13th. Wells Fargo & Company upped their price target on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Morgan Stanley dropped their price objective on shares of Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of "Moderate Buy" and an average target price of $12.22.

Insider Buying and Selling at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the transaction, the director now directly owns 159,932 shares of the company's stock, valued at $1,824,824.12. This trade represents a 12.17% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

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.