Advisory Services Network LLC Acquires 5,541 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Advisory Services Network LLC boosted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,121 shares of the company’s stock after purchasing an additional 5,541 shares during the quarter. Advisory Services Network LLC’s holdings in Warner Bros. Discovery were worth $684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WBD. Oxford Asset Management LLP bought a new stake in Warner Bros. Discovery in the 4th quarter worth approximately $466,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Warner Bros. Discovery by 1.5% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122,190 shares of the company’s stock worth $1,391,000 after purchasing an additional 1,747 shares during the period. STF Management LP boosted its holdings in shares of Warner Bros. Discovery by 3.2% in the 4th quarter. STF Management LP now owns 40,689 shares of the company’s stock worth $463,000 after purchasing an additional 1,251 shares during the period. Trexquant Investment LP purchased a new position in shares of Warner Bros. Discovery in the 4th quarter worth approximately $4,694,000. Finally, D.A. Davidson & CO. boosted its holdings in shares of Warner Bros. Discovery by 1.3% in the 4th quarter. D.A. Davidson & CO. now owns 263,403 shares of the company’s stock worth $2,998,000 after purchasing an additional 3,438 shares during the period. Institutional investors own 59.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on WBD shares. Rosenblatt Securities upgraded Warner Bros. Discovery from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $7.00 to $10.00 in a report on Thursday, March 21st. Barrington Research reiterated an “outperform” rating and issued a $15.00 target price on shares of Warner Bros. Discovery in a report on Tuesday. Barclays dropped their price objective on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, February 29th. Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Warner Bros. Discovery in a report on Monday, March 4th. Finally, Morgan Stanley dropped their price objective on Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.16.

Get Our Latest Analysis on WBD

Warner Bros. Discovery Trading Up 2.0 %

WBD opened at $8.24 on Friday. The firm has a market cap of $20.19 billion, a price-to-earnings ratio of -6.65 and a beta of 1.51. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.87. Warner Bros. Discovery, Inc. has a 12 month low of $7.34 and a 12 month high of $14.76. The stock has a fifty day moving average price of $8.21 and a 200-day moving average price of $9.57.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The company had revenue of $9.96 billion during the quarter, compared to the consensus estimate of $10.22 billion. Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The company’s revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 earnings per share. As a group, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -0.38 earnings per share for the current fiscal year.

Warner Bros. Discovery Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

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