Warner Bros. Discovery, Inc. $WBD Shares Bought by Credit Industriel ET Commercial

Credit Industriel ET Commercial raised its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 51.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 317,251 shares of the company’s stock after purchasing an additional 107,251 shares during the quarter. Warner Bros. Discovery accounts for 0.7% of Credit Industriel ET Commercial’s holdings, making the stock its 16th largest holding. Credit Industriel ET Commercial’s holdings in Warner Bros. Discovery were worth $8,712,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Swiss RE Ltd. purchased a new stake in Warner Bros. Discovery in the 4th quarter valued at about $26,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at about $29,000. MV Capital Management Inc. acquired a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at about $30,000. Rakuten Securities Inc. raised its stake in shares of 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, JPL Wealth Management LLC acquired a new position in shares of Warner Bros. Discovery in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Seaport Research Partners upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a report on Monday, June 29th. Wells Fargo & Company started coverage on Warner Bros. Discovery in a research note on Monday, March 9th. They issued an “equal weight” rating and a $31.00 price objective for the company. UBS Group increased their target price on Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. Finally, Zacks Research raised Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Hold” and a consensus price target of $27.04.

Warner Bros. Discovery Trading Up 1.3%

Shares of NASDAQ:WBD opened at $26.45 on Tuesday. The company has a market cap of $66.31 billion, a PE ratio of -37.81 and a beta of 1.54. Warner Bros. Discovery, Inc. has a 52 week low of $10.76 and a 52 week high of $30.00. The company’s 50 day moving average is $26.89 and its two-hundred day moving average is $27.59. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The company 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% compared to the same quarter last year. During the same quarter last year, the business posted ($0.18) earnings per share. Equities analysts predict that Warner Bros. Discovery, Inc. will post -1.07 earnings per share for the current fiscal year.

About Warner Bros. Discovery

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.