Ausdal Financial Partners Inc. Makes New Investment in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Ausdal Financial Partners Inc. purchased a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,903 shares of the company’s stock, valued at approximately $115,000.

A number of other institutional investors also recently modified their holdings of the business. Hauser Brothers GmbH grew its position in Warner Bros. Discovery by 56.1% in the third quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company’s stock valued at $10,106,000 after acquiring an additional 440,000 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Warner Bros. Discovery by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock valued at $21,281,000 after purchasing an additional 78,653 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of Warner Bros. Discovery during the 3rd quarter valued at approximately $1,474,000. Coronation Fund Managers Ltd. increased its position in Warner Bros. Discovery by 54.1% during the 4th quarter. Coronation Fund Managers Ltd. now owns 5,644,290 shares of the company’s stock worth $59,660,000 after purchasing an additional 1,981,050 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in Warner Bros. Discovery in the 4th quarter valued at approximately $168,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Ratings Changes

WBD has been the topic of a number of research reports. Guggenheim boosted their target price on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Bank of America restated a “buy” rating and set a $14.00 price objective on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Barclays increased their target price on Warner Bros. Discovery from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Rosenblatt Securities restated a “neutral” rating and set a $13.00 price target on shares of Warner Bros. Discovery in a report on Friday, March 7th. Finally, Barrington Research reiterated an “outperform” rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.91.

Insider Buying and Selling

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the purchase, the director now owns 159,932 shares of the company’s stock, valued at $1,824,824.12. This trade represents a 12.17 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by company insiders.

Warner Bros. Discovery Stock Down 5.8 %

Warner Bros. Discovery stock opened at $10.37 on Friday. The company has a market capitalization of $25.46 billion, a PE ratio of -2.26, a PEG ratio of 8.64 and a beta of 1.48. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The firm’s fifty day moving average is $10.52 and its 200 day moving average is $9.69. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.30). The company had revenue of $10.03 billion for the quarter, compared to analyst estimates of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. As a group, sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal 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.