Los Angeles Capital Management LLC Increases Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Los Angeles Capital Management LLC boosted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 117.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 405,401 shares of the company’s stock after acquiring an additional 218,765 shares during the period. Los Angeles Capital Management LLC’s holdings in Warner Bros. Discovery were worth $4,613,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its stake in shares of Warner Bros. Discovery by 15.2% during the third quarter. Oppenheimer & Co. Inc. now owns 409,018 shares of the company’s stock worth $4,442,000 after acquiring an additional 53,909 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Warner Bros. Discovery by 39.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 423,008 shares of the company’s stock worth $4,594,000 after purchasing an additional 120,586 shares during the period. Assenagon Asset Management S.A. lifted its position in Warner Bros. Discovery by 4.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 805,597 shares of the company’s stock valued at $9,168,000 after purchasing an additional 36,405 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of Warner Bros. Discovery during the fourth quarter valued at about $105,000. Finally, Ameriprise Financial Inc. raised its position in Warner Bros. Discovery by 2.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,879,216 shares of the company’s stock valued at $85,588,000 after purchasing an additional 186,639 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Analysts Set New Price Targets

WBD has been the topic of a number of research analyst reports. Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Warner Bros. Discovery in a research report on Monday, March 4th. Redburn Atlantic downgraded Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a report on Thursday, January 11th. Rosenblatt Securities upgraded Warner Bros. Discovery from a “sell” rating to a “neutral” rating and raised their price target for the stock from $7.00 to $10.00 in a research note on Thursday, March 21st. Macquarie decreased their price objective on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, January 22nd. Finally, Citigroup cut their price objective on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.83.

Warner Bros. Discovery Stock Up 0.3 %

NASDAQ:WBD opened at $7.97 on Monday. Warner Bros. Discovery, Inc. has a fifty-two week low of $7.34 and a fifty-two week high of $14.76. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.93 and a current ratio of 0.93. The company has a fifty day moving average of $8.45 and a two-hundred day moving average of $9.87.

Warner Bros. Discovery (NASDAQ:WBD) last announced its 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 firm had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. Warner Bros. Discovery’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS. On average, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current fiscal year.

Warner Bros. Discovery Company 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.