Mufg Securities Americas Inc. Makes New $348,000 Investment in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mufg Securities Americas Inc. acquired a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,954 shares of the company's stock, valued at approximately $348,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coronation Fund Managers Ltd. raised its position in shares of Warner Bros. Discovery by 54.1% during the 4th quarter. Coronation Fund Managers Ltd. now owns 5,644,290 shares of the company's stock valued at $59,660,000 after purchasing an additional 1,981,050 shares during the period. Prudential PLC increased its holdings in Warner Bros. Discovery by 31.1% in the 4th quarter. Prudential PLC now owns 135,163 shares of the company's stock valued at $1,429,000 after acquiring an additional 32,102 shares during the last quarter. SVB Wealth LLC bought a new stake in Warner Bros. Discovery in the 4th quarter valued at $168,000. Natixis Advisors LLC increased its holdings in Warner Bros. Discovery by 3.6% in the 4th quarter. Natixis Advisors LLC now owns 291,006 shares of the company's stock valued at $3,076,000 after acquiring an additional 10,024 shares during the last quarter. Finally, Norges Bank bought a new stake in Warner Bros. Discovery in the 4th quarter valued at $362,210,000. Institutional investors own 59.95% of the company's stock.

Insiders Place Their Bets

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the transaction, the director now 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 acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on WBD shares. Rosenblatt Securities reissued a "neutral" rating and issued a $13.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Barrington Research reissued an "outperform" rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a research note on Tuesday, May 13th. Barclays lifted their price objective on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Needham & Company LLC reaffirmed a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Finally, Benchmark reaffirmed a "buy" rating and set a $18.00 price target on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery has an average rating of "Moderate Buy" and an average target price of $12.22.

Warner Bros. Discovery Stock Performance

Shares of WBD traded up $0.18 during trading hours on Tuesday, hitting $9.23. The stock had a trading volume of 38,315,461 shares, compared to its average volume of 33,308,835. 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 firm has a 50-day moving average price of $9.15 and a 200 day moving average price of $9.91. The firm has a market capitalization of $22.66 billion, a price-to-earnings ratio of -2.02, a PEG ratio of 8.64 and a beta of 1.46. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). The company 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 27.56% and a negative net margin of 28.34%. The business's revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.40) earnings per share. As a group, research analysts anticipate 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.