BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 51,915 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 16.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 272,584 shares of the company’s stock after selling 51,915 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Warner Bros. Discovery were worth $2,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter worth about $33,000. FinTrust Capital Advisors LLC lifted its holdings in Warner Bros. Discovery by 56.3% in the fourth quarter. FinTrust Capital Advisors LLC now owns 3,066 shares of the company’s stock worth $35,000 after buying an additional 1,105 shares during the period. Crewe Advisors LLC bought a new stake in Warner Bros. Discovery during the 1st quarter valued at approximately $27,000. First Financial Corp IN grew its holdings in shares of Warner Bros. Discovery by 577.4% during the 1st quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock worth $30,000 after acquiring an additional 2,887 shares during the period. Finally, Family Firm Inc. bought a new position in shares of Warner Bros. Discovery in the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

Shares of WBD opened at $7.84 on Monday. The firm has a market cap of $19.21 billion, a PE ratio of -6.32 and a beta of 1.49. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.06. The firm has a fifty day simple moving average of $7.71 and a two-hundred day simple moving average of $8.11. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $13.31.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($4.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89). The firm had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $10.07 billion. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The firm’s revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.51) EPS. On average, equities analysts anticipate that Warner Bros. Discovery, Inc. will post -3.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WBD shares. Barrington Research restated an “outperform” rating and set a $12.00 price target on shares of Warner Bros. Discovery in a research report on Tuesday, July 23rd. Sanford C. Bernstein downgraded shares of Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $10.00 to $8.00 in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lowered their price target on shares of Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Benchmark cut their price objective on shares of Warner Bros. Discovery from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, KeyCorp raised shares of Warner Bros. Discovery from a “sector weight” rating to an “overweight” rating and set a $11.00 target price for the company in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.25.

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.