Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 245,687 shares of the company’s stock after buying an additional 14,991 shares during the period. UniSuper Management Pty Ltd’s holdings in Warner Bros. Discovery were worth $2,597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WBD. Stonebridge Financial Group LLC acquired a new stake in shares of Warner Bros. Discovery during the 4th quarter worth $26,000. SRS Capital Advisors Inc. increased its stake in Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock worth $27,000 after acquiring an additional 1,940 shares during the last quarter. Graney & King LLC purchased a new position in shares of Warner Bros. Discovery in the 4th quarter worth about $28,000. Ethos Financial Group LLC acquired a new position in shares of Warner Bros. Discovery in the 4th quarter valued at about $29,000. Finally, Briaud Financial Planning Inc grew its holdings in shares of Warner Bros. Discovery by 258.1% during the 4th quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company’s stock worth $29,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on WBD. Guggenheim lifted their price target on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, December 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Bank of America reissued a “buy” rating and issued a $14.00 price objective on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. KeyCorp upped their target price on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Moffett Nathanson upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and raised their target price for the company from $9.00 to $13.00 in a report on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Moderate Buy” and an average price target of $11.91.

Insider Buying and Selling

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

Warner Bros. Discovery Stock Performance

Shares of Warner Bros. Discovery stock opened at $10.37 on Friday. The firm has a market cap of $25.46 billion, a PE ratio of -2.26, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The firm’s 50-day simple moving average is $10.52 and its 200-day simple 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 (NASDAQ:WBD) last released its earnings results on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm had revenue of $10.03 billion for the quarter, compared to the consensus estimate of $10.16 billion. Equities analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Warner Bros. Discovery 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.