135,432 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 135,432 shares of the company’s stock, valued at approximately $1,432,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WBD. Empowered Funds LLC boosted its position in Warner Bros. Discovery by 5.2% during the third quarter. Empowered Funds LLC now owns 58,354 shares of the company’s stock valued at $481,000 after buying an additional 2,901 shares during the period. Natixis Advisors LLC boosted its position in Warner Bros. Discovery by 22.7% during the third quarter. Natixis Advisors LLC now owns 280,982 shares of the company’s stock valued at $2,318,000 after buying an additional 52,051 shares during the period. Quest Partners LLC boosted its position in Warner Bros. Discovery by 173.7% during the third quarter. Quest Partners LLC now owns 44,284 shares of the company’s stock valued at $365,000 after buying an additional 28,104 shares during the period. Pathstone Holdings LLC boosted its position in Warner Bros. Discovery by 11.6% during the third quarter. Pathstone Holdings LLC now owns 171,331 shares of the company’s stock valued at $1,413,000 after buying an additional 17,869 shares during the period. Finally, Caprock Group LLC purchased a new stake in Warner Bros. Discovery during the third quarter valued at about $99,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 28th. Citigroup increased their target price on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and increased their target price for the stock from $9.00 to $13.00 in a report on Tuesday, January 21st. Finally, Barrington Research reiterated an “outperform” rating and set a $16.00 target price on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.91.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $10.74 on Monday. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a 50 day simple moving average of $10.40 and a two-hundred day simple moving average of $9.59. The company has a market capitalization of $26.36 billion, a price-to-earnings ratio of -2.34, a P/E/G ratio of 8.64 and a beta of 1.48. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business had revenue of $10.03 billion for the quarter, compared to the consensus estimate of $10.16 billion. Analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of $11.41 per share, with a total value of $197,917.86. Following the completion of the transaction, the director now directly owns 159,932 shares of the company’s stock, valued at approximately $1,824,824.12. The trade was a 12.17 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

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.