Motley Fool Asset Management LLC Has $765,000 Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Motley Fool Asset Management LLC grew its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,180 shares of the company’s stock after purchasing an additional 4,446 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Warner Bros. Discovery were worth $765,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in WBD. Boston Partners grew its position in shares of Warner Bros. Discovery by 43.0% in the third quarter. Boston Partners now owns 14,225,819 shares of the company’s stock valued at $153,713,000 after purchasing an additional 4,275,994 shares during the last quarter. Invesco Ltd. grew its position in shares of Warner Bros. Discovery by 16.6% in 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 during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Warner Bros. Discovery by 12.1% in the third quarter. The Manufacturers Life Insurance Company now owns 21,823,875 shares of the company’s stock valued at $237,007,000 after purchasing an additional 2,356,665 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its position in shares of Warner Bros. Discovery by 1,232.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,648,036 shares of the company’s stock valued at $17,898,000 after purchasing an additional 1,524,370 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Warner Bros. Discovery by 55.5% in the third quarter. UBS Group AG now owns 3,964,873 shares of the company’s stock valued at $43,059,000 after purchasing an additional 1,415,744 shares during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on WBD. Benchmark reiterated a “buy” rating and issued a $20.00 target price on shares of Warner Bros. Discovery in a research note on Monday, March 4th. Barclays reduced their target price on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, February 29th. Wolfe Research cut shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 target price for the company. in a research note on Tuesday. Morgan Stanley reduced their target price on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Finally, Rosenblatt Securities upgraded shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and increased their target price for the company from $7.00 to $10.00 in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.83.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD traded down $0.18 during trading on Friday, reaching $8.11. The stock had a trading volume of 19,730,287 shares, compared to its average volume of 26,389,982. The stock has a market capitalization of $19.79 billion, a PE ratio of -6.34 and a beta of 1.51. Warner Bros. Discovery, Inc. has a 52 week low of $8.02 and a 52 week high of $14.76. The business’s 50-day moving average price is $8.65 and its 200 day moving average price is $9.99. 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 (NASDAQ:WBD) last posted its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The company had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current 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.