UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $135.49 Million Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 25.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,818,180 shares of the company's stock after buying an additional 2,573,716 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.52% of Warner Bros. Discovery worth $135,488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WBD. Simon Quick Advisors LLC acquired a new position in Warner Bros. Discovery in the 4th quarter valued at approximately $137,000. Nisa Investment Advisors LLC increased its stake in shares of Warner Bros. Discovery by 8.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 159,767 shares of the company's stock worth $1,689,000 after acquiring an additional 12,910 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Warner Bros. Discovery by 304.9% in the fourth 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 last quarter. Cornerstone Wealth Management LLC increased its stake in shares of Warner Bros. Discovery by 7.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock worth $169,000 after acquiring an additional 1,101 shares during the last quarter. Finally, CX Institutional increased its stake in shares of Warner Bros. Discovery by 16.6% in the fourth quarter. CX Institutional now owns 25,859 shares of the company's stock worth $273,000 after acquiring an additional 3,690 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ:WBD traded up $0.55 on Tuesday, hitting $9.55. 31,685,496 shares of the company were exchanged, compared to its average volume of 33,285,383. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The company's 50 day moving average price is $9.02 and its two-hundred day moving average price is $9.93. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of -2.09, a PEG ratio of 8.64 and a beta of 1.46.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business 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 earned ($0.40) EPS. The company's quarterly revenue was down 9.8% compared to the same quarter last year. Research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the company's stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the purchase, the director now directly owns 159,932 shares of the company's stock, valued at $1,824,824.12. The trade was a 12.17% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Benchmark reaffirmed a "buy" rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Rosenblatt Securities restated a "neutral" rating and set a $13.00 price target on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a report on Friday, February 28th. Citigroup increased their target price on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company boosted their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $12.22.

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.