Raymond James Financial Services Advisors Inc. Buys 3,754 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Raymond James Financial Services Advisors Inc. raised its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 501,887 shares of the company’s stock after purchasing an additional 3,754 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Warner Bros. Discovery were worth $5,711,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. State Street Corp raised its position in Warner Bros. Discovery by 7.7% during the 2nd quarter. State Street Corp now owns 118,339,932 shares of the company’s stock worth $1,483,983,000 after purchasing an additional 8,495,066 shares during the last quarter. Geode Capital Management LLC raised its position in Warner Bros. Discovery by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 48,394,472 shares of the company’s stock worth $729,158,000 after purchasing an additional 620,993 shares during the last quarter. Invesco Ltd. raised its position in shares of Warner Bros. Discovery by 16.6% in the 3rd quarter. Invesco Ltd. now owns 28,184,613 shares of the company’s stock worth $306,085,000 after acquiring an additional 4,016,888 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Warner Bros. Discovery by 124,559.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 28,075,738 shares of the company’s stock worth $266,158,000 after acquiring an additional 28,053,216 shares in the last quarter. Finally, Sessa Capital IM L.P. raised its position in shares of Warner Bros. Discovery by 5.4% in the 4th quarter. Sessa Capital IM L.P. now owns 23,450,633 shares of the company’s stock worth $222,312,000 after acquiring an additional 1,195,666 shares in the last quarter. 59.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on WBD. Morgan Stanley lowered their price objective on Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Barrington Research lowered their price objective on Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. JPMorgan Chase & Co. lowered their price objective on Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 26th. Barclays reduced their target price on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, February 29th. Finally, Redburn Atlantic downgraded Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research note on Thursday, January 11th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.24.

Check Out Our Latest Research Report on WBD

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $8.73 on Thursday. Warner Bros. Discovery, Inc. has a twelve month low of $8.02 and a twelve month high of $15.56. The stock’s 50 day moving average price is $9.20 and its 200-day moving average price is $10.26. The company has a market capitalization of $21.30 billion, a PE ratio of -6.82 and a beta of 1.51. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last announced its earnings results on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The business had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $10.34 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. Warner Bros. Discovery’s quarterly revenue was down 6.6% on a year-over-year basis. On average, equities analysts anticipate that Warner Bros. Discovery, Inc. will post -0.34 EPS for the current year.

About Warner Bros. Discovery

(Free Report)

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.

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

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