Natixis Has $5.39 Million Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Natixis raised its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 145.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 509,720 shares of the company's stock after buying an additional 301,724 shares during the period. Natixis' holdings in Warner Bros. Discovery were worth $5,388,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Warner Bros. Discovery by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 252,650,791 shares of the company's stock valued at $2,670,519,000 after purchasing an additional 1,658,415 shares in the last quarter. Geode Capital Management LLC increased its holdings in Warner Bros. Discovery by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 57,441,931 shares of the company's stock worth $605,633,000 after buying an additional 1,991,441 shares during the last quarter. Norges Bank bought a new position in Warner Bros. Discovery during the fourth quarter valued at approximately $362,210,000. Charles Schwab Investment Management Inc. raised its position in Warner Bros. Discovery by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,547,162 shares of the company's stock valued at $174,904,000 after acquiring an additional 861,656 shares in the last quarter. Finally, Contrarius Group Holdings Ltd acquired a new stake in Warner Bros. Discovery in the fourth quarter valued at approximately $168,930,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WBD has been the topic of several analyst reports. Barrington Research reissued an "outperform" rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, March 5th. Rosenblatt Securities reissued a "neutral" rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a report on Friday, March 7th. KeyCorp decreased their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Needham & Company LLC reissued a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Finally, Wells Fargo & Company decreased their price objective on shares of 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. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Warner Bros. Discovery has a consensus rating of "Moderate Buy" and a consensus price target of $12.01.

Insider Activity at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the business's stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the purchase, the director now directly owns 159,932 shares in the company, valued at $1,824,824.12. The trade was a 12.17 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Warner Bros. Discovery Trading Up 1.1 %

WBD stock traded up $0.09 during trading on Friday, hitting $8.59. The company had a trading volume of 24,510,405 shares, compared to its average volume of 32,946,214. The firm has a 50-day moving average price of $9.81 and a 200-day moving average price of $9.75. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $21.09 billion, a price-to-earnings ratio of -1.88, a PEG ratio of 8.64 and a beta of 1.43.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.30). The firm had revenue of $10.03 billion during the quarter, compared to the consensus estimate of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. As a group, analysts predict that Warner Bros. Discovery, Inc. will post -4.33 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.