IFM Investors Pty Ltd Has $4.90 Million Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

IFM Investors Pty Ltd increased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 456,682 shares of the company's stock after purchasing an additional 34,644 shares during the period. IFM Investors Pty Ltd's holdings in Warner Bros. Discovery were worth $4,900,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Colonial Trust Advisors lifted its stake 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 buying an additional 996 shares in the last quarter. Graney & King LLC bought a new stake in Warner Bros. Discovery in the 4th quarter valued at $28,000. North Capital Inc. bought a new stake in Warner Bros. Discovery in the 1st quarter valued at $28,000. Briaud Financial Planning Inc lifted its position in Warner Bros. Discovery by 258.1% in the 4th quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company's stock valued at $29,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new stake in Warner Bros. Discovery in the 1st quarter valued at $29,000. Institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Stock Performance

Shares of WBD traded up $0.27 during mid-day trading on Tuesday, reaching $11.29. The company's stock had a trading volume of 10,637,572 shares, compared to its average volume of 36,274,426. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70. The stock has a market cap of $27.70 billion, a P/E ratio of -2.56 and a beta of 1.54. The business has a 50-day simple moving average of $9.84 and a two-hundred day simple moving average of $9.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.99.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Guggenheim restated a "buy" rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. Huber Research upgraded Warner Bros. Discovery from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, June 9th. Bank of America boosted their target price on Warner Bros. Discovery from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Needham & Company LLC reissued a "hold" rating on shares of Warner Bros. Discovery in a research report on Tuesday, June 10th. Finally, Argus upgraded shares of Warner Bros. Discovery to a "hold" rating in a report on Tuesday, May 27th. Twelve investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Warner Bros. Discovery presently has an average rating of "Moderate Buy" and an average price target of $12.21.

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.