Warner Bros. Discovery, Inc. $WBD Shares Purchased by Czech National Bank

Czech National Bank raised its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 14.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 628,959 shares of the company’s stock after acquiring an additional 78,635 shares during the quarter. Czech National Bank’s holdings in Warner Bros. Discovery were worth $12,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. WPG Advisers LLC acquired a new stake in shares of Warner Bros. Discovery in the first quarter valued at approximately $26,000. Financial Gravity Companies Inc. acquired a new position in shares of Warner Bros. Discovery during the 2nd quarter worth approximately $29,000. Grove Bank & Trust lifted its stake in Warner Bros. Discovery by 66.5% in the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after buying an additional 675 shares in the last quarter. Trifecta Capital Advisors LLC purchased a new stake in Warner Bros. Discovery in the 2nd quarter valued at approximately $34,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Warner Bros. Discovery during the 2nd quarter valued at $44,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Down 2.1%

NASDAQ WBD opened at $27.61 on Friday. The company has a market cap of $68.42 billion, a P/E ratio of 145.32 and a beta of 1.60. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $30.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 1.07. The company has a 50-day moving average of $23.17 and a 200-day moving average of $16.69.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Warner Bros. Discovery had a return on equity of 1.34% and a net margin of 1.28%.The company had revenue of $9.05 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the prior year, the business posted $0.05 earnings per share. Warner Bros. Discovery’s revenue was down 6.0% on a year-over-year basis. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Buying and Selling at Warner Bros. Discovery

In other news, CFO Gunnar Wiedenfels sold 242,994 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the completion of the sale, the chief financial officer directly owned 918,940 shares in the company, valued at $27,108,730. This represents a 20.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Lori C. Locke sold 4,122 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $28.92, for a total value of $119,208.24. Following the completion of the transaction, the chief accounting officer directly owned 100,962 shares in the company, valued at $2,919,821.04. This trade represents a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 489,326 shares of company stock valued at $12,781,456 over the last three months. Corporate insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Seaport Global Securities boosted their price target on Warner Bros. Discovery from $15.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Argus set a $28.00 target price on shares of Warner Bros. Discovery in a research note on Monday, December 8th. Singular Research raised shares of Warner Bros. Discovery to a “moderate buy” rating in a research note on Wednesday, October 22nd. Barclays set a $20.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group boosted their price objective on shares of Warner Bros. Discovery from $13.00 to $14.75 and gave the company a “buy” rating in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.22.

About Warner Bros. Discovery

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.