Warner Bros. Discovery, Inc. $WBD Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 10.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,148 shares of the company’s stock after acquiring an additional 1,295 shares during the period. Farther Finance Advisors LLC’s holdings in Warner Bros. Discovery were worth $151,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. CX Institutional increased its position in Warner Bros. Discovery by 22.7% in the 2nd quarter. CX Institutional now owns 33,517 shares of the company’s stock valued at $384,000 after acquiring an additional 6,193 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Warner Bros. Discovery in the 2nd quarter valued at approximately $4,089,000. IFM Investors Pty Ltd boosted its holdings in Warner Bros. Discovery by 5.0% in the 2nd quarter. IFM Investors Pty Ltd now owns 442,964 shares of the company’s stock valued at $5,076,000 after purchasing an additional 20,926 shares in the last quarter. Polianta Ltd purchased a new stake in Warner Bros. Discovery in the 2nd quarter valued at approximately $1,604,000. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in Warner Bros. Discovery by 4.3% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 878,600 shares of the company’s stock valued at $10,069,000 after purchasing an additional 36,100 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

WBD has been the topic of a number of analyst reports. TD Cowen reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Warner Bros. Discovery in a report on Tuesday, September 16th. The Goldman Sachs Group lifted their price objective on Warner Bros. Discovery from $11.50 to $13.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group lifted their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Barclays boosted their price target on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Finally, Guggenheim reissued a “buy” rating on shares of Warner Bros. Discovery in a research note on Tuesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.14.

Warner Bros. Discovery Trading Down 0.6%

Shares of Warner Bros. Discovery stock opened at $19.24 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.04 and a quick ratio of 1.04. Warner Bros. Discovery, Inc. has a 1 year low of $7.25 and a 1 year high of $20.24. The company has a market capitalization of $47.63 billion, a P/E ratio of 64.14, a P/E/G ratio of 2.47 and a beta of 1.73. The business has a 50 day moving average price of $14.34 and a 200 day moving average price of $11.48.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.79. The firm had revenue of $9.81 billion during the quarter, compared to the consensus estimate of $9.73 billion. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($4.07) EPS. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Bruce Campbell sold 289,322 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $16.48, for a total value of $4,768,026.56. Following the completion of the transaction, the insider directly owned 402,464 shares in the company, valued at approximately $6,632,606.72. The trade was a 41.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anton J. Levy purchased 250,000 shares of the business’s stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $10.90 per share, with a total value of $2,725,000.00. Following the completion of the acquisition, the director directly owned 874,000 shares in the company, valued at $9,526,600. The trade was a 40.06% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 970,115 shares of company stock worth $17,818,490. Insiders own 1.90% of the company’s stock.

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.