3,069 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Bought by Rakuten Securities Inc.

Rakuten Securities Inc. bought a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,069 shares of the company’s stock, valued at approximately $35,000.

A number of other institutional investors have also bought and sold shares of WBD. State Street Corp grew its position in shares of Warner Bros. Discovery by 2.2% during the first quarter. State Street Corp now owns 109,844,866 shares of the company’s stock valued at $1,658,653,000 after purchasing an additional 2,403,255 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Warner Bros. Discovery by 1.3% during the first quarter. Geode Capital Management LLC now owns 48,394,472 shares of the company’s stock valued at $729,158,000 after purchasing an additional 620,993 shares in the last quarter. Invesco Ltd. grew its position in shares of Warner Bros. Discovery by 16.6% during the third quarter. Invesco Ltd. now owns 28,184,613 shares of the company’s stock valued at $306,085,000 after purchasing an additional 4,016,888 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Warner Bros. Discovery by 124,559.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 28,075,738 shares of the company’s stock valued at $266,158,000 after purchasing an additional 28,053,216 shares in the last quarter. Finally, Sessa Capital IM L.P. grew its position in shares of Warner Bros. Discovery by 5.4% during the fourth quarter. Sessa Capital IM L.P. now owns 23,450,633 shares of the company’s stock valued at $222,312,000 after purchasing an additional 1,195,666 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD opened at $8.31 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.93. Warner Bros. Discovery, Inc. has a 1 year low of $8.02 and a 1 year high of $14.76. The firm has a 50-day simple moving average of $8.79 and a two-hundred day simple moving average of $10.06.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The firm had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. As a group, research analysts anticipate that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays cut their price objective on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, February 29th. JPMorgan Chase & Co. lowered their price target on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 26th. Macquarie lowered their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, January 22nd. Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of Warner Bros. Discovery in a report on Monday, March 4th. Finally, Barrington Research lowered their price target on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.24.

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.