Timber Creek Capital Management LLC Increases Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Timber Creek Capital Management LLC lifted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 169.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 423,638 shares of the company's stock after purchasing an additional 266,495 shares during the quarter. Timber Creek Capital Management LLC's holdings in Warner Bros. Discovery were worth $3,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of WBD. Family Firm Inc. bought a new stake in shares of Warner Bros. Discovery in the second quarter worth $26,000. OFI Invest Asset Management grew its holdings in shares of Warner Bros. Discovery by 45.9% in the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company's stock worth $27,000 after acquiring an additional 1,221 shares during the period. Bank & Trust Co bought a new stake in shares of Warner Bros. Discovery in the second quarter worth $39,000. LRI Investments LLC bought a new stake in shares of Warner Bros. Discovery in the first quarter worth $39,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Warner Bros. Discovery in the third quarter worth $41,000. Hedge funds and other institutional investors own 59.95% of the company's stock.

Wall Street Analyst Weigh In

WBD has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Warner Bros. Discovery in a report on Thursday, October 10th. Barrington Research reissued an "outperform" rating and set a $12.00 price target on shares of Warner Bros. Discovery in a report on Thursday, November 7th. Macquarie boosted their price target on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Sanford C. Bernstein lowered Warner Bros. Discovery from an "outperform" rating to a "market perform" rating and cut their price target for the company from $10.00 to $8.00 in a report on Tuesday, August 13th. Finally, TD Cowen cut their price target on Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Warner Bros. Discovery currently has an average rating of "Hold" and a consensus price target of $10.55.

Warner Bros. Discovery Trading Up 1.0 %

Shares of NASDAQ:WBD traded up $0.10 during trading on Friday, hitting $10.48. The company had a trading volume of 11,576,773 shares, compared to its average volume of 35,492,488. The stock has a market cap of $25.71 billion, a price-to-earnings ratio of -2.29 and a beta of 1.48. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The company has a fifty day simple moving average of $8.54 and a two-hundred day simple moving average of $8.03. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the company earned ($0.17) EPS. As a group, equities analysts forecast that Warner Bros. Discovery, Inc. will post -4.37 earnings per share 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.