Banco Bilbao Vizcaya Argentaria S.A. Buys 25,800 Shares of Warner Bros. Discovery, Inc. $WBD

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 998,188 shares of the company’s stock after buying an additional 25,800 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Warner Bros. Discovery were worth $19,491,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Concord Wealth Partners lifted its stake in shares of Warner Bros. Discovery by 49.9% in the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares during the last quarter. Howard Capital Management Inc. grew its position in Warner Bros. Discovery by 3.1% during the 3rd quarter. Howard Capital Management Inc. now owns 15,559 shares of the company’s stock worth $304,000 after acquiring an additional 474 shares during the last quarter. Claro Advisors LLC increased its holdings in Warner Bros. Discovery by 4.4% in the 3rd quarter. Claro Advisors LLC now owns 11,591 shares of the company’s stock worth $226,000 after purchasing an additional 484 shares in the last quarter. Clearstead Advisors LLC increased its holdings in Warner Bros. Discovery by 0.6% in the 3rd quarter. Clearstead Advisors LLC now owns 91,414 shares of the company’s stock worth $1,785,000 after purchasing an additional 506 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC raised its position in Warner Bros. Discovery by 3.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 16,860 shares of the company’s stock valued at $329,000 after purchasing an additional 512 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Down 1.1%

Shares of WBD stock opened at $27.14 on Monday. Warner Bros. Discovery, Inc. has a 1-year low of $7.52 and a 1-year high of $30.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The stock has a market cap of $67.25 billion, a price-to-earnings ratio of 93.59 and a beta of 1.60. The stock has a 50-day moving average of $28.15 and a 200-day moving average of $23.94.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The company had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. During the same period in the prior year, the firm earned ($0.20) earnings per share. Warner Bros. Discovery’s revenue was down 5.7% compared to the same quarter last year. On average, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Activity

In other news, insider Bruce Campbell sold 1,580,331 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $28.00, for a total value of $44,249,268.00. Following the transaction, the insider owned 690,028 shares in the company, valued at approximately $19,320,784. The trade was a 69.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Zaslav sold 4,004,149 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.26, for a total transaction of $113,157,250.74. Following the completion of the sale, the chief executive officer directly owned 7,200,627 shares in the company, valued at approximately $203,489,719.02. This represents a 35.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 7,571,827 shares of company stock worth $213,302,225. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Sanford C. Bernstein lifted their price target on Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Huber Research lowered shares of Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 27th. UBS Group lifted their target price on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, Morgan Stanley set a $29.00 target price on shares of Warner Bros. Discovery in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.30.

Warner Bros. Discovery Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.