Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,321,575 shares of the company's stock after purchasing an additional 247,319 shares during the quarter. Deutsche Bank AG owned about 0.38% of Warner Bros. Discovery worth $98,529,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. raised its stake in shares of Warner Bros. Discovery by 111.0% during the 3rd quarter. Franklin Resources Inc. now owns 375,462 shares of the company's stock worth $2,831,000 after buying an additional 197,528 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Warner Bros. Discovery by 3.1% during the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company's stock worth $21,281,000 after acquiring an additional 78,653 shares during the period. Nordea Investment Management AB raised its position in Warner Bros. Discovery by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 183,888 shares of the company's stock worth $1,958,000 after acquiring an additional 8,875 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Warner Bros. Discovery by 0.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 183,462 shares of the company's stock valued at $1,939,000 after acquiring an additional 1,387 shares during the period. Finally, Czech National Bank boosted its position in shares of Warner Bros. Discovery by 6.5% during the 4th quarter. Czech National Bank now owns 484,024 shares of the company's stock worth $5,116,000 after purchasing an additional 29,498 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $9.04 on Monday. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. 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 $9.35 and a 200 day moving average price of $9.86. The company has a market cap of $22.19 billion, a price-to-earnings ratio of -1.97, a PEG ratio of 8.64 and a beta of 1.46.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $9.66 billion. During the same period last year, the business posted ($0.40) earnings per share. The company's quarterly revenue was down 9.8% compared to the same quarter last year. Sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was bought 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 directly owns 159,932 shares of the company's stock, valued at approximately $1,824,824.12. The trade was a 12.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company's stock.

Analyst Ratings Changes

WBD has been the subject of a number of research reports. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a "neutral" rating to a "buy" rating and lifted their price target for the company from $9.00 to $13.00 in a research report on Tuesday, January 21st. Raymond James decreased their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Wells Fargo & Company raised their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Friday. Citigroup lifted their price target on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, KeyCorp lowered their price objective on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.22.

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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