Livforsakringsbolaget Skandia Omsesidigt Has $56,000 Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Livforsakringsbolaget Skandia Omsesidigt grew its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 71.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,951 shares of the company’s stock after purchasing an additional 2,057 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Warner Bros. Discovery were worth $56,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortis Group Advisors LLC acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at $25,000. Peoples Bank KS acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at $27,000. Pacifica Partners Inc. boosted its stake in shares of Warner Bros. Discovery by 118.2% in the 4th quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after purchasing an additional 1,345 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at $28,000. Finally, Headinvest LLC acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Up 1.1 %

Shares of WBD stock opened at $8.40 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90. The stock has a 50-day moving average of $8.77 and a 200-day moving average of $10.05. Warner Bros. Discovery, Inc. has a one year low of $8.02 and a one year high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The company had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. Analysts anticipate that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WBD shares. JPMorgan Chase & Co. reduced their price target on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 26th. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Warner Bros. Discovery in a research report on Monday, March 4th. Macquarie reduced their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, January 22nd. Wells Fargo & Company downgraded shares of Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $16.00 to $12.00 in a research report on Monday, January 29th. Finally, Rosenblatt Securities upgraded shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and upped their price target for the stock from $7.00 to $10.00 in a research report on Thursday, March 21st. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.24.

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.