IFM Investors Pty Ltd Boosts Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

IFM Investors Pty Ltd boosted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 8.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 456,682 shares of the company's stock after acquiring an additional 34,644 shares during the quarter. IFM Investors Pty Ltd's holdings in Warner Bros. Discovery were worth $4,900,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Warner Bros. Discovery by 304.9% during the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company's stock worth $729,000 after acquiring an additional 51,920 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Warner Bros. Discovery during the 4th quarter worth $794,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Warner Bros. Discovery by 7.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 65,162 shares of the company's stock worth $689,000 after acquiring an additional 4,789 shares during the period. Assetmark Inc. raised its holdings in shares of Warner Bros. Discovery by 6,152.2% during the 4th quarter. Assetmark Inc. now owns 126,794 shares of the company's stock worth $1,340,000 after acquiring an additional 124,766 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in shares of Warner Bros. Discovery by 28.6% during the 4th quarter. Lindbrook Capital LLC now owns 6,868 shares of the company's stock worth $73,000 after acquiring an additional 1,527 shares during the period. Institutional investors and hedge funds own 59.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WBD. Barrington Research reiterated an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a report on Monday, June 9th. KeyCorp reduced their price objective on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Guggenheim restated a "buy" rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. Barclays boosted their price objective on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, Morgan Stanley reduced 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. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.33.

Warner Bros. Discovery Stock Down 1.8%

Shares of Warner Bros. Discovery stock traded down $0.20 on Monday, reaching $11.02. 38,305,067 shares of the company were exchanged, compared to its average volume of 36,364,426. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70. The company has a market cap of $27.05 billion, a P/E ratio of -2.50 and a beta of 1.54. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.84 and a quick ratio of 0.84. The stock's 50 day moving average price is $9.79 and its 200-day moving average price is $9.93.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). Warner Bros. Discovery had a negative return on equity of 30.56% and a negative net margin of 28.16%. The company had revenue of $8.98 billion for the quarter, compared to analyst estimates of $9.66 billion. During the same period in the prior year, the firm posted ($0.40) earnings per share. The business's quarterly revenue was down 9.8% compared to the same quarter last year. As a group, equities analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current 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.