Warner Bros. Discovery, Inc. $WBD Shares Sold by Amundi

Amundi cut its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 8.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,310,868 shares of the company’s stock after selling 840,246 shares during the period. Amundi owned 0.38% of Warner Bros. Discovery worth $99,906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of WBD. WPG Advisers LLC acquired a new stake in shares of Warner Bros. Discovery in the first quarter worth $26,000. Financial Gravity Asset Management Inc. acquired a new stake in Warner Bros. Discovery in the 1st quarter valued at $27,000. North Capital Inc. purchased a new position in Warner Bros. Discovery in the 1st quarter valued at about $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Warner Bros. Discovery during the first quarter worth approximately $29,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $12.11 on Friday. Warner Bros. Discovery, Inc. has a 12-month low of $6.78 and a 12-month high of $13.86. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. The stock has a 50 day simple moving average of $12.07 and a 200-day simple moving average of $10.54. The company has a market cap of $29.98 billion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 1.57 and a beta of 1.59.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.79. The company had revenue of $9.81 billion for the quarter, compared to analyst estimates of $9.73 billion. Warner Bros. Discovery had a net margin of 2.00% and a return on equity of 2.14%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($4.07) EPS. On average, equities analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on WBD. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. Benchmark restated a “buy” rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a report on Monday, July 14th. Guggenheim restated a “buy” rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. Argus upgraded shares of Warner Bros. Discovery to a “hold” rating in a report on Tuesday, May 27th. Finally, Citigroup cut their target price on Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.14.

Insider Buying and Selling

In other news, Director Anton J. Levy bought 75,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were bought at an average price of $11.00 per share, with a total value of $825,000.00. Following the completion of the acquisition, the director owned 949,000 shares of the company’s stock, valued at approximately $10,439,000. This trade represents a 8.58% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

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.