Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC grew its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 28.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,868 shares of the company’s stock after acquiring an additional 1,527 shares during the quarter. Lindbrook Capital LLC’s holdings in Warner Bros. Discovery were worth $73,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WBD. Arizona State Retirement System raised its stake in shares of Warner Bros. Discovery by 1.4% during the fourth quarter. Arizona State Retirement System now owns 675,993 shares of the company’s stock worth $7,145,000 after purchasing an additional 9,085 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Warner Bros. Discovery during the fourth quarter worth approximately $1,771,000. Proficio Capital Partners LLC purchased a new stake in shares of Warner Bros. Discovery during the fourth quarter worth approximately $794,000. Assetmark Inc. raised its stake in shares of Warner Bros. Discovery by 6,152.2% during the fourth quarter. Assetmark Inc. now owns 126,794 shares of the company’s stock worth $1,340,000 after purchasing an additional 124,766 shares during the last quarter. Finally, Keybank National Association OH raised its stake in shares of Warner Bros. Discovery by 2.1% during the fourth quarter. Keybank National Association OH now owns 115,207 shares of the company’s stock worth $1,218,000 after purchasing an additional 2,378 shares during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Up 3.5 %

WBD opened at $11.07 on Friday. 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 firm has a market cap of $27.16 billion, a P/E ratio of -2.42, a PEG ratio of 8.64 and a beta of 1.48. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The business’s fifty day simple moving average is $10.39 and its 200 day simple moving average is $9.38.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insider Activity at Warner Bros. Discovery

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 shares were purchased at an average cost of $11.41 per share, with a total value of $197,917.86. Following the purchase, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the sale, the insider now directly owns 599,317 shares in the company, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WBD. KeyCorp upped their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Citigroup upped their price target on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday. Benchmark reiterated a “buy” rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. The Goldman Sachs Group increased their price objective on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $13.00 price objective on shares of Warner Bros. Discovery in a research report on Friday. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Warner Bros. Discovery has an average rating of “Moderate Buy” and a consensus price target of $11.91.

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.