Warner Bros. Discovery, Inc. $WBD Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 916,705 shares of the company’s stock after purchasing an additional 38,105 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Warner Bros. Discovery were worth $26,419,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its stake in Warner Bros. Discovery by 304.9% during the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock valued at $729,000 after buying an additional 51,920 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Warner Bros. Discovery by 50.5% in the 1st quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock worth $679,000 after acquiring an additional 21,228 shares during the period. Empowered Funds LLC boosted its holdings in shares of Warner Bros. Discovery by 6.2% in the first quarter. Empowered Funds LLC now owns 65,082 shares of the company’s stock valued at $698,000 after acquiring an additional 3,779 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Warner Bros. Discovery by 91.6% in the first quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock valued at $1,254,000 after acquiring an additional 55,837 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Warner Bros. Discovery during the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Up 1.4%

WBD stock opened at $27.46 on Wednesday. The firm has a market cap of $68.10 billion, a PE ratio of 94.69 and a beta of 1.60. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $30.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $27.86 and a 200 day simple moving average of $25.16.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.19). The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.20) EPS. Equities research 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 related news, Director Paul A. Gould sold 600,000 shares of Warner Bros. Discovery stock in a transaction on Monday, March 16th. The stock was sold at an average price of $27.35, for a total value of $16,410,000.00. Following the transaction, the director directly owned 244,357 shares in the company, valued at $6,683,163.95. The trade was a 71.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bruce Campbell sold 41,784 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $27.82, for a total value of $1,162,430.88. Following the sale, the insider directly owned 604,666 shares of the company’s stock, valued at approximately $16,821,808.12. This represents a 6.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 8,206,827 shares of company stock worth $230,674,025. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Rothschild & Co Redburn set a $31.00 target price on Warner Bros. Discovery and gave the stock a “neutral” rating in a report on Tuesday, February 17th. TD Cowen increased their price target on Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, February 27th. Wells Fargo & Company assumed coverage on Warner Bros. Discovery in a research note on Monday, March 9th. They issued an “equal weight” rating and a $31.00 price objective on the stock. Morgan Stanley set a $29.00 price objective on Warner Bros. Discovery in a report on Thursday, December 18th. Finally, Benchmark reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.30.

Read Our Latest Report on Warner Bros. Discovery

Key Warner Bros. Discovery News

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Warner Bros. Discovery Profile

(Free Report)

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.

Further Reading

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

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