Eudaimonia Partners LLC Takes Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Eudaimonia Partners LLC bought a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBDGet Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,038 shares of the company’s stock, valued at approximately $184,000.

Several other large investors have also recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $2,938,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $67,859,000. Sandy Spring Bank purchased a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $155,000. Achmea Investment Management B.V. purchased a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $842,000. Finally, TSP Capital Management Group LLC purchased a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $7,035,000. 55.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on WBD shares. Guggenheim upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $16.50 price objective for the company in a report on Wednesday, January 11th. Macquarie cut their target price on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, January 4th. Cowen cut their target price on shares of Warner Bros. Discovery to $17.00 in a research report on Tuesday, November 15th. Royal Bank of Canada cut their target price on shares of Warner Bros. Discovery from $44.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, November 7th. Finally, Credit Suisse Group cut their target price on shares of Warner Bros. Discovery from $39.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.18.

Warner Bros. Discovery Stock Down 1.0 %

WBD opened at $13.38 on Wednesday. The stock has a market cap of $32.49 billion, a price-to-earnings ratio of -7.96, a price-to-earnings-growth ratio of 1.30 and a beta of 1.37. Warner Bros. Discovery, Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $27.50. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.86 and a current ratio of 0.86. The firm’s fifty day moving average is $11.00 and its 200 day moving average is $12.32.

Warner Bros. Discovery (NASDAQ:WBDGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.02 by $0.15. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Warner Bros. Discovery had a negative net margin of 20.13% and a positive return on equity of 2.18%. On average, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post 0.65 earnings per share for the current fiscal year.

Warner Bros. Discovery Company Profile

(Get Rating)

Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.

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Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

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