Motley Fool Asset Management LLC Increases Stake 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% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,180 shares of the company’s stock after buying 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 SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WBD. Boston Partners increased 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 buying an additional 4,275,994 shares in the last quarter. Invesco Ltd. boosted its stake 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 worth $306,085,000 after acquiring an additional 4,016,888 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake 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 worth $237,007,000 after acquiring an additional 2,356,665 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its stake 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 worth $17,898,000 after acquiring an additional 1,524,370 shares during the last quarter. Finally, UBS Group AG boosted its stake 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 worth $43,059,000 after acquiring an additional 1,415,744 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD traded down $0.18 during trading hours 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 firm has a market cap of $19.79 billion, a price-to-earnings ratio of -6.34 and a beta of 1.51. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $14.76. The firm has a 50-day moving average of $8.65 and a 200-day moving average of $9.99.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The company had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. Equities research analysts predict that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wolfe Research lowered Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a research note on Tuesday. Barclays decreased their price target on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 29th. JPMorgan Chase & Co. decreased their price target on Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 26th. Barrington Research decreased their price target on Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Finally, Rosenblatt Securities raised Warner Bros. Discovery from a “sell” rating to a “neutral” rating and upped their price target 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 assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery has an average rating of “Moderate Buy” and an average target price of $13.83.

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.