Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 22.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 196,335 shares of the company's stock after purchasing an additional 36,568 shares during the period. Nisa Investment Advisors LLC's holdings in Warner Bros. Discovery were worth $2,107,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Prudential PLC grew its position in shares of Warner Bros. Discovery by 31.1% in the 4th quarter. Prudential PLC now owns 135,163 shares of the company's stock worth $1,429,000 after buying an additional 32,102 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Warner Bros. Discovery in the fourth quarter valued at approximately $4,914,000. Polar Asset Management Partners Inc. purchased a new position in Warner Bros. Discovery in the fourth quarter worth $3,022,000. Hi Line Capital Management LLC increased its position in shares of Warner Bros. Discovery by 17.8% during the first quarter. Hi Line Capital Management LLC now owns 597,478 shares of the company's stock worth $6,411,000 after purchasing an additional 90,462 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Warner Bros. Discovery by 3.6% during the 4th quarter. Natixis Advisors LLC now owns 291,006 shares of the company's stock valued at $3,076,000 after purchasing an additional 10,024 shares during the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Argus raised Warner Bros. Discovery to a "hold" rating in a research report on Tuesday, May 27th. Citigroup cut their price objective on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Wells Fargo & Company lifted their target price on shares of Warner Bros. Discovery from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Barrington Research restated an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research note on Monday, June 9th. Finally, UBS Group raised their price target on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Twelve investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Warner Bros. Discovery presently has an average rating of "Moderate Buy" and an average price target of $12.41.

Warner Bros. Discovery Price Performance

NASDAQ WBD traded up $0.28 during trading hours on Monday, reaching $12.01. The company's stock had a trading volume of 61,450,910 shares, compared to its average volume of 42,335,059. The firm has a market capitalization of $29.48 billion, a price-to-earnings ratio of -2.73 and a beta of 1.54. The company's 50-day moving average is $10.07 and its two-hundred day moving average is $9.96. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.84 and a quick ratio of 0.84. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). The business had revenue of $8.98 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.40) earnings per share. On average, equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS 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.