abrdn plc Has $17.73 Million Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

abrdn plc increased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 25.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,557,678 shares of the company’s stock after buying an additional 318,496 shares during the period. abrdn plc’s holdings in Warner Bros. Discovery were worth $17,726,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its stake in shares of Warner Bros. Discovery by 15.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 409,018 shares of the company’s stock worth $4,442,000 after acquiring an additional 53,909 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Warner Bros. Discovery by 39.9% in the third quarter. Daiwa Securities Group Inc. now owns 423,008 shares of the company’s stock valued at $4,594,000 after purchasing an additional 120,586 shares during the last quarter. New South Capital Management Inc. lifted its stake in shares of Warner Bros. Discovery by 21.1% during the 3rd quarter. New South Capital Management Inc. now owns 4,082,322 shares of the company’s stock worth $44,334,000 after buying an additional 711,820 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Warner Bros. Discovery by 4.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 805,597 shares of the company’s stock worth $9,168,000 after buying an additional 36,405 shares during the period. Finally, Anchor Investment Management LLC acquired a new position in Warner Bros. Discovery in the 4th quarter valued at about $105,000. 59.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WBD has been the subject of a number of research analyst reports. Redburn Atlantic cut Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a report on Thursday, January 11th. Citigroup decreased their price objective on Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. JPMorgan Chase & Co. dropped their target price on Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 26th. Morgan Stanley reduced their target price on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Finally, Wolfe Research lowered shares of 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.83.

Warner Bros. Discovery Trading Down 0.7 %

Shares of WBD opened at $8.38 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.93 and a current ratio of 0.93. Warner Bros. Discovery, Inc. has a 52-week low of $8.02 and a 52-week high of $14.76. The firm has a market cap of $20.44 billion, a price-to-earnings ratio of -6.55 and a beta of 1.51. The business’s fifty day moving average is $8.72 and its 200-day moving average is $10.02.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Friday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The business’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. Equities analysts anticipate that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current fiscal year.

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.