International Assets Investment Management LLC Buys 286,504 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

International Assets Investment Management LLC grew its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 980.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 315,727 shares of the company’s stock after purchasing an additional 286,504 shares during the period. International Assets Investment Management LLC’s holdings in Warner Bros. Discovery were worth $3,593,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WBD. Oppenheimer & Co. Inc. grew its holdings in shares of Warner Bros. Discovery by 15.2% in the third quarter. Oppenheimer & Co. Inc. now owns 409,018 shares of the company’s stock valued at $4,442,000 after acquiring an additional 53,909 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Warner Bros. Discovery by 39.9% in the third quarter. Daiwa Securities Group Inc. now owns 423,008 shares of the company’s stock valued at $4,594,000 after acquiring an additional 120,586 shares in the last quarter. New South Capital Management Inc. grew its holdings in shares of Warner Bros. Discovery by 21.1% in the third quarter. New South Capital Management Inc. now owns 4,082,322 shares of the company’s stock valued at $44,334,000 after acquiring an additional 711,820 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Warner Bros. Discovery by 4.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 805,597 shares of the company’s stock valued at $9,168,000 after acquiring an additional 36,405 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new position in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $105,000. 59.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WBD has been the subject of several research reports. Rosenblatt Securities raised Warner Bros. Discovery from a “sell” rating to a “neutral” rating and increased their price objective for the company from $7.00 to $10.00 in a report on Thursday, March 21st. Wells Fargo & Company lowered Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $16.00 to $12.00 in a report on Monday, January 29th. Barclays reduced their price objective on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, February 29th. Redburn Atlantic lowered Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a report on Thursday, January 11th. Finally, Macquarie dropped their target price on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, January 22nd. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Moderate Buy” and a consensus price target of $14.24.

Warner Bros. Discovery Trading Up 1.1 %

Shares of WBD stock opened at $8.23 on Thursday. The company has a market capitalization of $20.08 billion, a PE ratio of -6.43 and a beta of 1.51. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.93 and a current ratio of 0.93. Warner Bros. Discovery, Inc. has a 52-week low of $8.02 and a 52-week high of $14.76. The business’s fifty day moving average is $8.82 and its 200 day moving average is $10.07.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. On average, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current fiscal year.

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.