Elo Mutual Pension Insurance Co Has $1.80 Million Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Elo Mutual Pension Insurance Co lessened its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 17.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 170,691 shares of the company’s stock after selling 36,077 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Warner Bros. Discovery were worth $1,804,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WBD. Vanguard Group Inc. raised its holdings in shares of Warner Bros. Discovery by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 252,650,791 shares of the company’s stock valued at $2,670,519,000 after purchasing an additional 1,658,415 shares during the period. State Street Corp increased its position in Warner Bros. Discovery by 4.1% in the 3rd quarter. State Street Corp now owns 151,285,963 shares of the company’s stock valued at $1,248,109,000 after buying an additional 5,898,611 shares in the last quarter. EdgePoint Investment Group Inc. raised its stake in Warner Bros. Discovery by 2.6% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 21,396,719 shares of the company’s stock worth $176,523,000 after buying an additional 541,192 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in Warner Bros. Discovery by 1.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 20,889,437 shares of the company’s stock worth $172,338,000 after acquiring an additional 329,620 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Warner Bros. Discovery by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,547,162 shares of the company’s stock valued at $174,904,000 after acquiring an additional 861,656 shares during the period. 59.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WBD. Benchmark reiterated a “buy” rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $13.00 in a report on Tuesday, January 21st. Rosenblatt Securities restated a “neutral” rating and issued a $13.00 target price on shares of Warner Bros. Discovery in a report on Friday, March 7th. Barclays lifted their price target on Warner Bros. Discovery from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, Citigroup increased their price objective on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.91.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $10.37 on Friday. The company has a market capitalization of $25.46 billion, a P/E ratio of -2.26, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48. The company’s 50-day moving average is $10.52 and its 200 day moving average is $9.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $10.16 billion. On average, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Activity at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost 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 approximately $1,824,824.12. The trade was a 12.17 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.

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.