Robeco Institutional Asset Management B.V. Sells 183,565 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Robeco Institutional Asset Management B.V. lessened its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,367,320 shares of the company's stock after selling 183,565 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.14% of Warner Bros. Discovery worth $36,131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Colonial Trust Advisors grew its position in 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 acquiring an additional 996 shares during the last quarter. SRS Capital Advisors Inc. grew its position in Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock valued at $27,000 after acquiring an additional 1,940 shares during the last quarter. Graney & King LLC acquired a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at about $28,000. Ethos Financial Group LLC acquired a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at about $29,000. Finally, Briaud Financial Planning Inc boosted its stake in shares of Warner Bros. Discovery by 258.1% during the fourth quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company's stock valued at $29,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 59.95% of the company's stock.

Wall Street Analyst Weigh In

WBD has been the topic of a number of recent research reports. KeyCorp cut their price target on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Argus raised Warner Bros. Discovery to a "hold" rating in a research note on Tuesday, May 27th. Barclays lifted their price target on Warner Bros. Discovery from $7.00 to $9.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Rosenblatt Securities reissued a "neutral" rating and set a $13.00 price target on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Finally, Huber Research raised Warner Bros. Discovery from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, June 9th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $12.17.

Warner Bros. Discovery Trading Up 1.3%

Shares of WBD stock opened at $11.30 on Friday. The company has a market cap of $27.74 billion, a P/E ratio of -2.57 and a beta of 1.51. The stock has a 50 day simple moving average of $9.50 and a two-hundred day simple moving average of $9.95. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.84 and a current ratio of 0.84. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share 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 30.56% and a negative net margin of 28.16%. The company'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 posted ($0.40) earnings per share. Research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

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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