Warner Bros. Discovery, Inc. $WBD Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC grew its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 34.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,035,842 shares of the company’s stock after purchasing an additional 1,820,249 shares during the period. Voya Investment Management LLC owned approximately 0.29% of Warner Bros. Discovery worth $75,495,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC lifted its stake in Warner Bros. Discovery by 9.7% during the first quarter. Flagship Harbor Advisors LLC now owns 14,955 shares of the company’s stock worth $160,000 after purchasing an additional 1,318 shares in the last quarter. CX Institutional lifted its stake in Warner Bros. Discovery by 5.7% during the first quarter. CX Institutional now owns 27,324 shares of the company’s stock worth $293,000 after purchasing an additional 1,465 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its stake in Warner Bros. Discovery by 9.0% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 18,825 shares of the company’s stock worth $202,000 after purchasing an additional 1,561 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Warner Bros. Discovery by 2.6% during the first quarter. Sequoia Financial Advisors LLC now owns 62,966 shares of the company’s stock worth $676,000 after purchasing an additional 1,588 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in Warner Bros. Discovery by 8.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 19,756 shares of the company’s stock worth $212,000 after purchasing an additional 1,618 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Warner Bros. Discovery news, Director Anton J. Levy purchased 75,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were bought at an average cost of $11.00 per share, for a total transaction of $825,000.00. Following the completion of the purchase, the director directly owned 949,000 shares in the company, valued at approximately $10,439,000. This represents a 8.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bruce Campbell sold 150,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $18.00, for a total value of $2,700,000.00. Following the completion of the sale, the insider owned 252,464 shares in the company, valued at approximately $4,544,352. This represents a 37.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Warner Bros. Discovery Stock Up 16.7%

Shares of NASDAQ WBD opened at $18.87 on Friday. The stock has a market cap of $46.72 billion, a P/E ratio of 62.90, a PEG ratio of 2.15 and a beta of 1.59. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. Warner Bros. Discovery, Inc. has a 12-month low of $7.25 and a 12-month high of $19.33. The business’s fifty day simple moving average is $12.40 and its 200-day simple moving average is $10.66.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.79. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.The company had revenue of $9.81 billion for the quarter, compared to analysts’ expectations of $9.73 billion. During the same period last year, the firm earned ($4.07) earnings per share. Warner Bros. Discovery’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on WBD. Huber Research upgraded Warner Bros. Discovery from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 9th. Citigroup decreased their price target on Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, May 29th. UBS Group increased their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Wells Fargo & Company increased their price objective on Warner Bros. Discovery from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Barclays increased their price objective on Warner Bros. Discovery from $9.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.20.

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.