Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC grew its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 52.9% during the fourth quarter, Holdings Channel reports. The firm owned 110,878 shares of the company’s stock after acquiring an additional 38,384 shares during the quarter. Metis Global Partners LLC’s holdings in Warner Bros. Discovery were worth $1,172,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of WBD. International Assets Investment Management LLC raised its holdings in shares of Warner Bros. Discovery by 629.4% during the third quarter. International Assets Investment Management LLC now owns 189,239 shares of the company’s stock worth $1,561,000 after purchasing an additional 163,295 shares during the period. First Trust Direct Indexing L.P. increased its holdings in shares of Warner Bros. Discovery by 17.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 46,058 shares of the company’s stock worth $380,000 after acquiring an additional 6,826 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Warner Bros. Discovery by 26.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,826,492 shares of the company’s stock worth $23,319,000 after acquiring an additional 586,198 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Warner Bros. Discovery by 5.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 919,611 shares of the company’s stock worth $7,587,000 after acquiring an additional 47,542 shares during the period. Finally, Quintet Private Bank Europe S.A. increased its holdings in shares of Warner Bros. Discovery by 8.1% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 254,321 shares of the company’s stock worth $2,098,000 after acquiring an additional 19,012 shares during the period. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $11.02 on Tuesday. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average of $10.33 and a 200-day moving average of $9.28. The firm has a market cap of $27.03 billion, a price-to-earnings ratio of -2.41, a price-to-earnings-growth ratio of 8.64 and a beta of 1.49.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.30). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business had revenue of $10.03 billion for the quarter, compared to the consensus estimate of $10.16 billion. Analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the completion of the sale, the insider now directly owns 599,317 shares of the company’s stock, valued at approximately $7,407,558.12. This represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Moffett Nathanson raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $13.00 in a report on Tuesday, January 21st. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a report on Thursday, February 27th. Macquarie increased their price objective on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. KeyCorp increased their price objective on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, Barclays increased their price objective on shares of Warner Bros. Discovery from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.75.

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.