Warner Bros. Discovery, Inc. $WBD Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 693,877 shares of the company’s stock after selling 28,927 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Warner Bros. Discovery were worth $19,997,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Concord Wealth Partners grew its stake 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 acquired a new stake in shares of Warner Bros. Discovery during the 4th quarter worth approximately $29,000. JPL Wealth Management LLC acquired a new stake in shares of Warner Bros. Discovery during the 3rd quarter worth approximately $33,000. Rakuten Securities Inc. grew its stake in Warner Bros. Discovery by 81.5% in the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock valued at $33,000 after acquiring an additional 521 shares during the period. Finally, TOWER TRUST & INVESTMENT Co grew its stake in Warner Bros. Discovery by 4,730.8% in the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock valued at $36,000 after acquiring an additional 1,230 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Key Stories Impacting Warner Bros. Discovery

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: Warner Bros. Discovery signed a World Series of Poker broadcast deal, which adds another content partnership and could support its media and sports programming strategy. WBD signs World Series of Poker broadcast deal
• Neutral Sentiment: Analysts noted WBD has been little changed since its last earnings report, with investors still waiting for a clearer operational turnaround. Warner Bros. Discovery (WBD) Down 0.4% Since Last Earnings Report: Can It Rebound?
• Neutral Sentiment: Paramount is seeking to dismiss a lawsuit aimed at blocking the Warner Bros. Discovery transaction, while other reports say states are preparing their own legal challenge, keeping the deal in limbo. U.S. states are preparing a lawsuit to block Paramount’s acquisition of Warner Bros
• Negative Sentiment: State attorneys general planning a lawsuit to block the Paramount Skydance acquisition of Warner Bros. Discovery is the biggest near-term concern, since it raises the odds of delay or even failure of the deal. Stock Market Today, June 5: Warner Bros. Discovery Falls on Reports of State Antitrust Challenge to Paramount Deal
• Negative Sentiment: Political scrutiny is increasing, with Senator Elizabeth Warren calling for a foreign-ownership review of the Paramount-WBD deal, adding another potential hurdle. Elizabeth Warren Calls For Foreign Ownership Review Of Paramount-WBD

Warner Bros. Discovery Trading Down 2.8%

Shares of WBD stock opened at $26.24 on Friday. The stock’s fifty day moving average is $27.18 and its two-hundred day moving average is $27.40. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $65.79 billion, a P/E ratio of -37.49 and a beta of 1.54. Warner Bros. Discovery, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). The firm had revenue of $8.89 billion during the quarter, compared to analysts’ expectations of $8.89 billion. Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.18) EPS. Research analysts expect that Warner Bros. Discovery, Inc. will post -0.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WBD. Sanford C. Bernstein lifted their price target on shares of Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. Raymond James Financial reissued an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Rothschild & Co Redburn set a $31.00 price target on shares of Warner Bros. Discovery and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Guggenheim reissued a “neutral” rating on shares of Warner Bros. Discovery in a research note on Thursday, May 7th. Finally, Zacks Research raised shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Warner Bros. Discovery has an average rating of “Hold” and a consensus price target of $27.04.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Fazal F. Merchant sold 35,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $27.48, for a total value of $961,800.00. Following the transaction, the director owned 95,539 shares in the company, valued at approximately $2,625,411.72. This trade represents a 26.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bruce Campbell sold 41,784 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $27.82, for a total value of $1,162,430.88. Following the completion of the transaction, the insider owned 604,666 shares in the company, valued at $16,821,808.12. The trade was a 6.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 676,784 shares of company stock worth $18,534,231. Corporate insiders own 1.90% of the company’s stock.

Warner Bros. Discovery 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.