Swiss National Bank decreased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,240,527 shares of the company's stock after selling 203,400 shares during the period. Swiss National Bank owned 0.30% of Warner Bros. Discovery worth $82,397,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Fisher Asset Management LLC grew its holdings in shares of Warner Bros. Discovery by 11.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,839,596 shares of the company's stock worth $20,935,000 after purchasing an additional 187,508 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its stake in shares of Warner Bros. Discovery by 121.7% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 85,443 shares of the company's stock valued at $972,000 after purchasing an additional 46,909 shares during the period. First Trust Direct Indexing L.P. bought a new stake in shares of Warner Bros. Discovery during the 4th quarter worth about $392,000. New York Life Investment Management LLC grew its holdings in Warner Bros. Discovery by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 347,767 shares of the company's stock worth $3,958,000 after acquiring an additional 2,306 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Warner Bros. Discovery by 2.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,789,174 shares of the company's stock valued at $20,361,000 after purchasing an additional 49,443 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.
Warner Bros. Discovery Stock Up 0.3 %
Shares of Warner Bros. Discovery stock traded up $0.02 during trading on Friday, hitting $7.97. 35,712,311 shares of the stock traded hands, compared to its average volume of 30,227,984. Warner Bros. Discovery, Inc. has a 52-week low of $7.34 and a 52-week high of $14.76. The firm has a market cap of $19.44 billion, a P/E ratio of -6.23 and a beta of 1.51. The stock's fifty day simple moving average is $8.45 and its 200 day simple moving average is $9.87. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90.
Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The firm had revenue of $10.28 billion for the quarter, compared to analysts' expectations of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. Warner Bros. Discovery's revenue for the quarter was down 6.6% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. On average, equities analysts predict that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently commented on WBD shares. Redburn Atlantic lowered Warner Bros. Discovery from a "buy" rating to a "neutral" rating and set a $11.00 price objective on the stock. in a report on Thursday, January 11th. Barrington Research decreased their target price on Warner Bros. Discovery from $18.00 to $16.00 and set an "outperform" rating on the stock in a research report on Monday, February 26th. Macquarie cut their target price on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an "outperform" rating on the stock in a research report on Monday, January 22nd. Benchmark reiterated a "buy" rating and issued a $20.00 price target on shares of Warner Bros. Discovery in a research report on Monday, March 4th. Finally, Wolfe Research lowered Warner Bros. Discovery from a "peer perform" rating to an "underperform" rating and set a $7.00 price objective on the stock. in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Warner Bros. Discovery has an average rating of "Moderate Buy" and a consensus target price of $13.83.
Check Out Our Latest Stock Report on WBD
About Warner Bros. Discovery
(
Free Report)
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.
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