Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Acquired by Hauser Brothers GmbH

Hauser Brothers GmbH lifted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 56.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,225,000 shares of the company’s stock after acquiring an additional 440,000 shares during the quarter. Warner Bros. Discovery makes up approximately 7.8% of Hauser Brothers GmbH’s portfolio, making the stock its 6th biggest position. Hauser Brothers GmbH’s holdings in Warner Bros. Discovery were worth $10,106,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Janus Henderson Group PLC increased its stake in Warner Bros. Discovery by 31.0% in the 1st quarter. Janus Henderson Group PLC now owns 314,948 shares of the company’s stock worth $2,751,000 after buying an additional 74,587 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Warner Bros. Discovery by 8.2% in the 1st quarter. Tidal Investments LLC now owns 86,806 shares of the company’s stock valued at $757,000 after acquiring an additional 6,591 shares during the period. Cetera Investment Advisers increased its stake in Warner Bros. Discovery by 356.6% in the first quarter. Cetera Investment Advisers now owns 498,545 shares of the company’s stock valued at $4,352,000 after purchasing an additional 389,366 shares during the period. Cetera Advisors LLC grew its holdings in shares of Warner Bros. Discovery by 26.5% during the 1st quarter. Cetera Advisors LLC now owns 89,301 shares of the company’s stock worth $780,000 after purchasing an additional 18,699 shares during the period. Finally, First Hawaiian Bank grew its holdings in shares of Warner Bros. Discovery by 3.1% during the second quarter. First Hawaiian Bank now owns 56,830 shares of the company’s stock valued at $423,000 after purchasing an additional 1,713 shares during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WBD has been the topic of a number of research reports. TD Cowen decreased their target price on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group raised their target price on Warner Bros. Discovery from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Moffett Nathanson cut their target price on shares of Warner Bros. Discovery from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, Benchmark reissued a “buy” rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a report on Friday, September 13th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.55.

Warner Bros. Discovery Trading Up 0.8 %

NASDAQ:WBD opened at $10.56 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock’s 50-day simple moving average is $8.58 and its 200 day simple moving average is $8.04. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. 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 $9.62 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same period in the prior year, the firm earned ($0.17) earnings per share. Warner Bros. Discovery’s revenue was down 3.6% on a year-over-year basis. On average, analysts forecast that Warner Bros. Discovery, Inc. will post -4.37 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.