Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Bought by Boston Partners

Boston Partners grew its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 9.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,640,771 shares of the company's stock after acquiring an additional 1,414,952 shares during the quarter. Boston Partners owned about 0.64% of Warner Bros. Discovery worth $177,384,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Fortis Group Advisors LLC acquired a new stake in shares of Warner Bros. Discovery in the third quarter valued at $25,000. Pacifica Partners Inc. lifted its holdings in shares of Warner Bros. Discovery by 118.2% in the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company's stock valued at $27,000 after buying an additional 1,345 shares during the period. Milestone Investment Advisors LLC acquired a new stake in shares of Warner Bros. Discovery in the third quarter valued at $28,000. Headinvest LLC acquired a new stake in shares of Warner Bros. Discovery in the third quarter valued at $28,000. Finally, Systematic Alpha Investments LLC acquired a new stake in shares of Warner Bros. Discovery in the third quarter valued at $31,000. Institutional investors and hedge funds own 59.95% of the company's stock.

Warner Bros. Discovery Price Performance

Shares of WBD traded up $0.23 during mid-day trading on Monday, reaching $8.38. The company had a trading volume of 28,221,711 shares, compared to its average volume of 27,784,893. Warner Bros. Discovery, Inc. has a twelve month low of $7.34 and a twelve month high of $14.76. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.82 and a quick ratio of 0.82. The company's 50-day moving average is $8.38 and its 200-day moving average is $9.78. The company has a market capitalization of $20.44 billion, a P/E ratio of -6.76 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.16). Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The business had revenue of $9.96 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the business earned $0.18 earnings per share. The company's revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities analysts anticipate that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

WBD has been the topic of a number of recent analyst reports. Benchmark reaffirmed a "buy" rating and set a $20.00 target price on shares of Warner Bros. Discovery in a research report on Monday, March 4th. KeyCorp raised Warner Bros. Discovery from a "sector weight" rating to an "overweight" rating and set a $11.00 price target on the stock in a research report on Friday. Macquarie dropped their price target on 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. Wolfe Research lowered Warner Bros. Discovery from a "peer perform" rating to an "underperform" rating and set a $7.00 price target on the stock. in a research report on Tuesday, April 23rd. Finally, Rosenblatt Securities raised Warner Bros. Discovery from a "sell" rating to a "neutral" rating and upped their price target for the company from $7.00 to $10.00 in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Warner Bros. Discovery currently has an average rating of "Moderate Buy" and an average price target of $13.32.

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.

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