Amundi Raises Holdings in Warner Bros. Discovery, Inc. $WBD

Amundi grew its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,724,946 shares of the company’s stock after buying an additional 414,078 shares during the quarter. Amundi owned about 0.40% of Warner Bros. Discovery worth $108,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WBD. Voya Investment Management LLC grew its position in Warner Bros. Discovery by 34.9% during the first quarter. Voya Investment Management LLC now owns 7,035,842 shares of the company’s stock worth $75,495,000 after buying an additional 1,820,249 shares during the period. Bfsg LLC boosted its stake in shares of Warner Bros. Discovery by 11.2% during the 2nd quarter. Bfsg LLC now owns 156,906 shares of the company’s stock worth $1,798,000 after acquiring an additional 15,786 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of Warner Bros. Discovery by 29,882.6% in the 2nd quarter. Penserra Capital Management LLC now owns 62,064 shares of the company’s stock worth $710,000 after acquiring an additional 61,857 shares during the period. Country Club Bank increased its stake in Warner Bros. Discovery by 54.3% in the 2nd quarter. Country Club Bank now owns 502,878 shares of the company’s stock valued at $5,683,000 after purchasing an additional 176,994 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in Warner Bros. Discovery in the 2nd quarter valued at approximately $4,089,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Insider Buying and Selling

In other Warner Bros. Discovery news, CFO Gunnar Wiedenfels sold 530,793 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $19.50, for a total transaction of $10,350,463.50. Following the transaction, the chief financial officer owned 1,141,150 shares of the company’s stock, valued at $22,252,425. This trade represents a 31.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bruce Campbell sold 289,322 shares of Warner Bros. Discovery stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $16.48, for a total transaction of $4,768,026.56. Following the completion of the transaction, the insider owned 402,464 shares in the company, valued at approximately $6,632,606.72. This trade represents a 41.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,207,325 shares of company stock valued at $23,174,315. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

WBD has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Warner Bros. Discovery in a research report on Monday, December 1st. Singular Research raised shares of Warner Bros. Discovery to a “moderate buy” rating in a research note on Wednesday, October 22nd. KeyCorp restated a “sector weight” rating on shares of Warner Bros. Discovery in a report on Friday, September 26th. Raymond James Financial upped their price target on shares of Warner Bros. Discovery from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Moffett Nathanson increased their price target on shares of Warner Bros. Discovery from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.92.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $26.08 on Monday. The company has a market cap of $64.63 billion, a P/E ratio of 137.27, a P/E/G ratio of 1.00 and a beta of 1.60. The business has a fifty day simple moving average of $21.38 and a 200-day simple moving average of $15.57. Warner Bros. Discovery, Inc. has a 52 week low of $7.52 and a 52 week high of $26.10. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS. Equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

About Warner Bros. Discovery

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.