Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stock Holdings Lifted by Signaturefd LLC

Signaturefd LLC raised its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 23.0% in the fourth quarter, Holdings Channel reports. The firm owned 26,569 shares of the company’s stock after buying an additional 4,965 shares during the period. Signaturefd LLC’s holdings in Warner Bros. Discovery were worth $281,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cibc World Markets Corp lifted its stake in Warner Bros. Discovery by 2.2% in the fourth quarter. Cibc World Markets Corp now owns 1,866,446 shares of the company’s stock valued at $19,728,000 after acquiring an additional 39,592 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Warner Bros. Discovery by 150.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,663 shares of the company’s stock valued at $60,000 after purchasing an additional 3,400 shares in the last quarter. GWN Securities Inc. acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at $147,000. Natixis Advisors LLC boosted its holdings in Warner Bros. Discovery by 3.6% in the fourth quarter. Natixis Advisors LLC now owns 291,006 shares of the company’s stock worth $3,076,000 after purchasing an additional 10,024 shares in the last quarter. Finally, Sienna Gestion acquired a new position in Warner Bros. Discovery during the fourth quarter worth $5,691,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WBD shares. KeyCorp boosted their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Barrington Research restated an “outperform” rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. The Goldman Sachs Group increased their price target on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a report on Thursday, December 19th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Finally, Guggenheim raised their target price on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Warner Bros. Discovery currently has an average rating of “Moderate Buy” and an average price target of $11.91.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD opened at $10.74 on Friday. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The business has a fifty day simple moving average of $10.40 and a 200 day simple moving average of $9.56. The firm has a market capitalization of $26.36 billion, a price-to-earnings ratio of -2.34, a PEG ratio of 8.64 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business had revenue of $10.03 billion during the quarter, compared to analyst estimates of $10.16 billion. Sell-side analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insiders Place Their Bets

In related news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the transaction, the director now directly owns 159,932 shares of the company’s stock, valued at approximately $1,824,824.12. The trade was a 12.17 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.80% of the company’s stock.

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.