Victory Capital Management Inc. Has $18.61 Million Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Victory Capital Management Inc. cut its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,734,211 shares of the company's stock after selling 25,889 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of Warner Bros. Discovery worth $18,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of WBD. Colonial Trust Advisors grew its position in Warner Bros. Discovery by 71.8% in the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after purchasing an additional 996 shares during the period. Flagship Harbor Advisors LLC increased its position in Warner Bros. Discovery by 9.7% during the first quarter. Flagship Harbor Advisors LLC now owns 14,955 shares of the company's stock valued at $160,000 after acquiring an additional 1,318 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Warner Bros. Discovery by 11.4% during the fourth quarter. Bessemer Group Inc. now owns 13,047 shares of the company's stock valued at $139,000 after buying an additional 1,338 shares during the period. CX Institutional increased its position in shares of Warner Bros. Discovery by 5.7% during the first quarter. CX Institutional now owns 27,324 shares of the company's stock worth $293,000 after acquiring an additional 1,465 shares during the period. Finally, Bartlett & CO. Wealth Management LLC lifted its stake in Warner Bros. Discovery by 9.0% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 18,825 shares of the company's stock worth $202,000 after acquiring an additional 1,561 shares during the period. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WBD shares. Argus raised shares of Warner Bros. Discovery to a "hold" rating in a report on Tuesday, May 27th. Barrington Research reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a report on Monday, June 9th. Morgan Stanley dropped their price objective on shares of Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Barclays upped their price objective on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Finally, Benchmark reiterated a "buy" rating and set a $18.00 target price on shares of Warner Bros. Discovery in a report on Monday, July 14th. Twelve investment 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.41.

Warner Bros. Discovery Stock Down 0.1%

Shares of NASDAQ:WBD traded down $0.02 during midday trading on Friday, hitting $13.49. 58,940,874 shares of the company's stock traded hands, compared to its average volume of 45,927,875. 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 twelve month low of $6.64 and a twelve month high of $13.68. The firm's fifty day moving average price is $10.76 and its two-hundred day moving average price is $10.10. The company has a market cap of $33.10 billion, a PE ratio of -3.06 and a beta of 1.54.

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 for 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 quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.40) earnings per share. On average, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Warner Bros. Discovery Company 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.