Warner Bros. Discovery, Inc. $WBD Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. lifted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 80.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,093 shares of the company’s stock after buying an additional 21,845 shares during the period. Vise Technologies Inc.’s holdings in Warner Bros. Discovery were worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Concord Wealth Partners boosted its position in shares of Warner Bros. Discovery by 49.9% during the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares during the period. Fideuram Asset Management Ireland dac purchased a new position in shares of Warner Bros. Discovery during the 4th quarter worth approximately $29,000. Rakuten Securities Inc. boosted its position in shares of Warner Bros. Discovery by 81.5% during the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock worth $33,000 after purchasing an additional 521 shares during the period. JPL Wealth Management LLC purchased a new position in shares of Warner Bros. Discovery during the 3rd quarter worth approximately $33,000. Finally, TOWER TRUST & INVESTMENT Co boosted its position in shares of Warner Bros. Discovery by 4,730.8% during the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock worth $36,000 after purchasing an additional 1,230 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

WBD has been the subject of a number of research analyst reports. KeyCorp reaffirmed an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. Argus lowered their price objective on shares of Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. UBS Group increased their price objective on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Arete Research reaffirmed a “neutral” rating and set a $31.25 price objective on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating and increased their price objective for the stock from $29.50 to $31.00 in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Warner Bros. Discovery has an average rating of “Hold” and a consensus target price of $27.04.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Paul A. Gould sold 600,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $27.35, for a total value of $16,410,000.00. Following the completion of the transaction, the director owned 244,357 shares of the company’s stock, valued at $6,683,163.95. This trade represents a 71.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Fazal F. Merchant sold 35,000 shares of Warner Bros. Discovery stock in a transaction on Monday, March 16th. The stock was sold at an average price of $27.48, for a total transaction of $961,800.00. Following the sale, the director directly owned 95,539 shares of the company’s stock, valued at approximately $2,625,411.72. This trade represents a 26.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $26.47 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.92. Warner Bros. Discovery, Inc. has a 52 week low of $9.11 and a 52 week high of $30.00. The stock has a market capitalization of $66.36 billion, a PE ratio of -37.81 and a beta of 1.54. The firm has a 50 day moving average of $27.17 and a two-hundred day moving average of $27.46.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.10) by ($1.07). Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The business had revenue of $8.89 billion during the quarter, compared to analysts’ expectations of $8.89 billion. During the same period in the prior year, the business earned ($0.18) EPS. The business’s quarterly revenue was down 1.0% on a year-over-year basis. On average, research analysts predict that Warner Bros. Discovery, Inc. will post -0.93 EPS for the current fiscal year.

Warner Bros. Discovery Company Profile

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.