Warner Bros. Discovery, Inc. $WBD Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 972,388 shares of the company’s stock after selling 15,263 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Warner Bros. Discovery were worth $11,143,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in Warner Bros. Discovery during the 1st quarter valued at approximately $26,000. Trifecta Capital Advisors LLC acquired a new position in shares of Warner Bros. Discovery in the 2nd quarter valued at approximately $34,000. N.E.W. Advisory Services LLC acquired a new position in shares of Warner Bros. Discovery in the 1st quarter valued at approximately $36,000. Zions Bancorporation National Association UT purchased a new position in shares of Warner Bros. Discovery during the 1st quarter valued at approximately $42,000. Finally, ST Germain D J Co. Inc. grew its position in shares of Warner Bros. Discovery by 4,720.5% during the second quarter. ST Germain D J Co. Inc. now owns 4,001 shares of the company’s stock worth $46,000 after buying an additional 3,918 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

WBD has been the topic of several recent analyst reports. Benchmark upped their price target on shares of Warner Bros. Discovery from $18.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Arete Research upgraded shares of Warner Bros. Discovery to a “strong-buy” rating in a research note on Tuesday, October 28th. Bank of America increased their price target on shares of Warner Bros. Discovery from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Argus set a $27.00 price objective on Warner Bros. Discovery in a report on Tuesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Warner Bros. Discovery from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.92.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $23.03 on Friday. The company has a market cap of $57.02 billion, a PE ratio of 76.77, a P/E/G ratio of 2.56 and a beta of 1.74. Warner Bros. Discovery, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $23.19. The firm has a 50-day simple moving average of $19.53 and a 200 day simple moving average of $13.92. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.92.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.The business had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the prior year, the business earned $0.05 EPS. The business’s revenue was down 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insider Activity at Warner Bros. Discovery

In related news, CFO Gunnar Wiedenfels sold 222,210 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $22.50, for a total value of $4,999,725.00. Following the sale, the chief financial officer owned 918,940 shares of the company’s stock, valued at approximately $20,676,150. This trade represents a 19.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bruce Campbell sold 150,000 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $18.00, for a total value of $2,700,000.00. Following the transaction, the insider owned 252,464 shares of the company’s stock, valued at approximately $4,544,352. The trade was a 37.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,192,325 shares of company stock worth $22,818,215. Company insiders own 1.90% 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.