Czech National Bank Raises Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Czech National Bank grew its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 512,978 shares of the company's stock after purchasing an additional 28,954 shares during the quarter. Czech National Bank's holdings in Warner Bros. Discovery were worth $5,504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Colonial Trust Advisors boosted its stake 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. Stonebridge Financial Group LLC purchased a new position in Warner Bros. Discovery in the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. grew its position in shares of Warner Bros. Discovery by 313.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after buying an additional 1,940 shares during the last quarter. Graney & King LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter worth approximately $28,000. Finally, Ethos Financial Group LLC bought a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $29,000. Institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Trading Down 1.4%

Shares of WBD traded down $0.14 during mid-day trading on Thursday, hitting $9.65. 44,327,727 shares of the company's stock traded hands, compared to its average volume of 33,613,093. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The firm has a market capitalization of $23.69 billion, a P/E ratio of -2.11, a PEG ratio of 8.64 and a beta of 1.46. The business's 50-day moving average price is $8.89 and its 200-day moving average price is $9.94.

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 the consensus estimate 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 company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $9.66 billion. During the same period last year, the firm posted ($0.40) earnings per share. The company's revenue was down 9.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WBD shares. Barrington Research restated an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a research note on Tuesday, May 13th. Benchmark reissued a "buy" rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Barclays lifted their price target on Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Morgan Stanley cut their price objective on 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. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $13.00 target price on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of "Moderate Buy" and an average target price of $12.17.

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.