Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH lessened its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 50.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,287 shares of the company’s stock after selling 17,340 shares during the period. Siemens Fonds Invest GmbH’s holdings in Warner Bros. Discovery were worth $201,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WBD. Norges Bank purchased a new stake in Warner Bros. Discovery in the 4th quarter valued at approximately $362,210,000. Contrarius Group Holdings Ltd purchased a new stake in Warner Bros. Discovery in the 4th quarter valued at approximately $168,930,000. FMR LLC boosted its holdings in Warner Bros. Discovery by 478.5% in the 4th quarter. FMR LLC now owns 14,278,600 shares of the company’s stock valued at $150,925,000 after purchasing an additional 11,810,191 shares in the last quarter. Slate Path Capital LP boosted its holdings in Warner Bros. Discovery by 36.6% in the 4th quarter. Slate Path Capital LP now owns 23,801,000 shares of the company’s stock valued at $251,577,000 after purchasing an additional 6,381,000 shares in the last quarter. Finally, Amundi boosted its holdings in Warner Bros. Discovery by 108.1% in the 4th quarter. Amundi now owns 10,151,114 shares of the company’s stock valued at $102,120,000 after purchasing an additional 5,272,717 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Insider Transactions at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the acquisition, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This trade represents a 12.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley lowered their price objective on Warner Bros. Discovery from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company lifted their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. KeyCorp decreased their price target on Warner Bros. Discovery from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Citigroup boosted their price target on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, Barclays boosted their price target on Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Friday, May 9th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Warner Bros. Discovery presently has an average rating of “Moderate Buy” and a consensus price target of $12.22.

Warner Bros. Discovery Trading Up 0.2%

WBD stock opened at $9.16 on Monday. The company has a market cap of $22.49 billion, a price-to-earnings ratio of -2.00, a PEG ratio of 8.64 and a beta of 1.46. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The business has a fifty day simple moving average of $9.18 and a 200-day simple moving average of $9.91. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $9.66 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.40) earnings per share. On average, equities research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS 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.