Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stock Holdings Lifted by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,184,016 shares of the company's stock after purchasing an additional 85,825 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.13% of Warner Bros. Discovery worth $33,656,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WBD. Pinebridge Investments L.P. raised its stake in shares of Warner Bros. Discovery by 3,195.0% during the fourth quarter. Pinebridge Investments L.P. now owns 703,902 shares of the company's stock worth $7,440,000 after purchasing an additional 682,539 shares during the last quarter. Slate Path Capital LP raised its position in Warner Bros. Discovery by 36.6% during the 4th quarter. Slate Path Capital LP now owns 23,801,000 shares of the company's stock worth $251,577,000 after buying an additional 6,381,000 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Warner Bros. Discovery by 11.6% in the 4th quarter. Hsbc Holdings PLC now owns 4,783,248 shares of the company's stock worth $50,789,000 after acquiring an additional 497,361 shares during the period. Hauser Brothers GmbH increased its stake in shares of Warner Bros. Discovery by 80.4% during the fourth quarter. Hauser Brothers GmbH now owns 2,210,000 shares of the company's stock worth $23,360,000 after acquiring an additional 985,000 shares during the period. Finally, State of Tennessee Department of Treasury raised its holdings in Warner Bros. Discovery by 87.9% during the fourth quarter. State of Tennessee Department of Treasury now owns 888,314 shares of the company's stock worth $9,389,000 after purchasing an additional 415,632 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

Insider Buying and Selling

In related news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of Warner Bros. Discovery stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $11.41 per share, with a total value of $197,917.86. Following the completion of the transaction, the director now owns 159,932 shares of the company's stock, valued at approximately $1,824,824.12. This trade represents a 12.17 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company's stock.

Warner Bros. Discovery Trading Down 1.3 %

Shares of NASDAQ:WBD traded down $0.12 during trading on Monday, reaching $8.43. 29,348,819 shares of the stock were exchanged, compared to its average volume of 32,848,567. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The firm's 50-day moving average price is $9.58 and its 200 day moving average price is $9.82. 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 market cap of $20.68 billion, a price-to-earnings ratio of -1.84, a price-to-earnings-growth ratio of 8.64 and a beta of 1.43.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.30). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company had revenue of $10.03 billion during the quarter, compared to analysts' expectations of $10.16 billion. On average, sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WBD has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price target on Warner Bros. Discovery from $11.00 to $9.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Needham & Company LLC reaffirmed a "hold" rating on shares of Warner Bros. Discovery in a report on Friday, February 28th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $13.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, March 7th. JPMorgan Chase & Co. raised their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. Finally, Moffett Nathanson raised shares of Warner Bros. Discovery from a "neutral" rating to a "buy" rating and upped their price target for the company from $9.00 to $13.00 in a report on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.01.

About Warner Bros. Discovery

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.