Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Acquired by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC increased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 18.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,515,569 shares of the company’s stock after purchasing an additional 239,699 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Warner Bros. Discovery were worth $12,503,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of WBD. Family Firm Inc. acquired a new position in shares of Warner Bros. Discovery during the 2nd quarter worth $26,000. Crewe Advisors LLC purchased a new position in Warner Bros. Discovery during the 1st quarter valued at about $27,000. OFI Invest Asset Management increased its holdings in Warner Bros. Discovery by 45.9% during the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock valued at $27,000 after acquiring an additional 1,221 shares in the last quarter. First Financial Corp IN lifted its holdings in shares of Warner Bros. Discovery by 577.4% in the first quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock valued at $30,000 after purchasing an additional 2,887 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Warner Bros. Discovery in the first quarter valued at approximately $33,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Trading Down 0.3 %

Shares of WBD opened at $7.52 on Monday. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. The firm has a market capitalization of $18.43 billion, a P/E ratio of -6.06 and a beta of 1.48. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.06. The stock’s fifty day simple moving average is $7.74 and its 200 day simple moving average is $7.90.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($4.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89). The firm had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $10.07 billion. Warner Bros. Discovery had a negative return on equity of 27.28% and a negative net margin of 29.47%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.51) earnings per share. On average, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.47 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays reduced their target price on Warner Bros. Discovery from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Barrington Research restated an “outperform” rating and issued a $12.00 price objective on shares of Warner Bros. Discovery in a research report on Tuesday, July 23rd. Rosenblatt Securities reiterated a “neutral” rating and set a $9.00 price objective on shares of Warner Bros. Discovery in a research report on Friday, September 13th. TD Cowen reduced their target price on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.66.

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.