Andra AP fonden Raises Holdings in Warner Bros. Discovery, Inc. $WBD

Andra AP fonden lifted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 84.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 517,235 shares of the company’s stock after purchasing an additional 237,435 shares during the quarter. Andra AP fonden’s holdings in Warner Bros. Discovery were worth $14,203,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in WBD. Private Advisory Group LLC purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter worth about $3,438,000. Triad Investment Management purchased a new position in Warner Bros. Discovery during the 4th quarter valued at about $9,383,000. Mn Services Vermogensbeheer B.V. increased its holdings in Warner Bros. Discovery by 4.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 916,705 shares of the company’s stock valued at $26,419,000 after acquiring an additional 38,105 shares in the last quarter. Handelsbanken Fonder AB raised its position in Warner Bros. Discovery by 130.8% during the fourth quarter. Handelsbanken Fonder AB now owns 1,008,638 shares of the company’s stock worth $29,069,000 after acquiring an additional 571,612 shares during the last quarter. Finally, Brighton Jones LLC raised its position in Warner Bros. Discovery by 304.9% during the fourth quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock worth $729,000 after acquiring an additional 51,920 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery News Roundup

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

Warner Bros. Discovery Price Performance

WBD opened at $25.83 on Wednesday. Warner Bros. Discovery, Inc. has a 1 year low of $10.76 and a 1 year high of $30.00. The company’s 50 day simple moving average is $26.80 and its 200 day simple moving average is $27.44. The stock has a market capitalization of $64.76 billion, a PE ratio of -36.90 and a beta of 1.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last issued 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 firm had revenue of $8.89 billion during the quarter, compared to analysts’ expectations of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business posted ($0.18) earnings per share. As a group, sell-side analysts expect that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current year.

Wall Street Analyst Weigh In

WBD has been the subject of a number of recent research reports. Guggenheim reissued a “neutral” rating on shares of Warner Bros. Discovery in a research note on Thursday, May 7th. Zacks Research raised Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. KeyCorp reiterated an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Seaport Research Partners raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Monday, June 29th. Finally, UBS Group boosted their price target on Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Warner Bros. Discovery presently has a consensus rating of “Hold” and an average target price of $27.04.

View Our Latest Stock Analysis on WBD

About Warner Bros. Discovery

(Free Report)

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.

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Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

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