Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 437,796 shares of the company’s stock after buying an additional 14,788 shares during the period. Daiwa Securities Group Inc.’s holdings in Warner Bros. Discovery were worth $4,983,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WBD. Moneta Group Investment Advisors LLC increased its position in shares of Warner Bros. Discovery by 124,559.2% in the fourth 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. Norges Bank acquired a new stake in shares of Warner Bros. Discovery in the fourth quarter worth $196,222,000. Boston Partners grew its holdings in shares of Warner Bros. Discovery by 43.0% during the third quarter. Boston Partners now owns 14,225,819 shares of the company’s stock valued at $153,713,000 after buying an additional 4,275,994 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Warner Bros. Discovery during the third quarter valued at $49,058,000. Finally, Invesco Ltd. lifted its stake in 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. 59.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WBD. JPMorgan Chase & Co. dropped their target price on Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 26th. Barclays dropped their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 29th. Benchmark restated a “buy” rating and set a $20.00 price target on shares of Warner Bros. Discovery in a report on Monday, March 4th. Rosenblatt Securities upgraded Warner Bros. Discovery from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $7.00 to $10.00 in a report on Thursday, March 21st. Finally, Wells Fargo & Company cut Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $16.00 to $12.00 in a research report on Monday, January 29th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.24.

Warner Bros. Discovery Trading Up 1.1 %

NASDAQ:WBD 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 company’s 50 day moving average is $8.77 and its 200-day moving average is $10.05. The firm has a market cap of $20.49 billion, a price-to-earnings ratio of -6.56 and a beta of 1.51. Warner Bros. Discovery, Inc. has a 12 month low of $8.02 and a 12 month high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. During the same quarter last year, the business earned $0.42 EPS. The business’s revenue was down 6.6% compared to the same quarter last year. Equities analysts anticipate that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current year.

About Warner Bros. Discovery

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.