Forsta AP Fonden Buys 1,200 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Forsta AP Fonden raised its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 0.2% in the 4th quarter, HoldingsChannel reports. The firm owned 490,769 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. Forsta AP Fonden’s holdings in Warner Bros. Discovery were worth $5,187,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its stake in Warner Bros. Discovery by 25.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,550,885 shares of the company’s stock worth $37,533,000 after buying an additional 724,393 shares during the period. Perigon Wealth Management LLC increased its holdings in shares of Warner Bros. Discovery by 21.1% during the fourth quarter. Perigon Wealth Management LLC now owns 18,541 shares of the company’s stock valued at $196,000 after acquiring an additional 3,231 shares in the last quarter. Nilsine Partners LLC acquired a new position in shares of Warner Bros. Discovery during the fourth quarter worth approximately $150,000. Parkside Investments LLC lifted its holdings in shares of Warner Bros. Discovery by 297.9% in the 4th quarter. Parkside Investments LLC now owns 260,494 shares of the company’s stock worth $2,753,000 after purchasing an additional 195,026 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Warner Bros. Discovery by 27.3% in the 4th quarter. Pacer Advisors Inc. now owns 363,983 shares of the company’s stock valued at $3,847,000 after purchasing an additional 78,123 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Macquarie raised their price objective on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Rosenblatt Securities raised their price target on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Bank of America reissued a “buy” rating and set a $14.00 price objective on shares of Warner Bros. Discovery in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.76.

Warner Bros. Discovery Trading Down 1.7 %

Shares of WBD stock opened at $10.44 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a market cap of $25.61 billion, a P/E ratio of -2.28, a PEG ratio of 6.36 and a beta of 1.50. The company has a 50 day moving average of $10.47 and a 200-day moving average of $8.92. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same period last year, the business posted ($0.17) earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the sale, the insider now owns 599,317 shares of the company’s stock, valued at $7,407,558.12. The trade was a 22.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by company insiders.

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.