MML Investors Services LLC Buys 11,465 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

MML Investors Services LLC lifted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 424,409 shares of the company’s stock after buying an additional 11,465 shares during the quarter. MML Investors Services LLC’s holdings in Warner Bros. Discovery were worth $3,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Family Firm Inc. purchased a new stake in shares of Warner Bros. Discovery during the second quarter worth about $26,000. OFI Invest Asset Management grew its position in shares of Warner Bros. Discovery by 45.9% during the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock worth $27,000 after purchasing an additional 1,221 shares in the last quarter. Larson Financial Group LLC grew its holdings in Warner Bros. Discovery by 54.1% during the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock valued at $41,000 after buying an additional 1,754 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Warner Bros. Discovery during the 3rd quarter valued at approximately $41,000. Finally, Brooklyn Investment Group purchased a new position in Warner Bros. Discovery during the 3rd quarter valued at approximately $51,000. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Down 3.4 %

Shares of NASDAQ WBD opened at $12.07 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The business has a fifty day simple moving average of $9.11 and a two-hundred day simple moving average of $8.24. The firm has a market cap of $29.61 billion, a PE ratio of -2.64 and a beta of 1.52. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Warner Bros. Discovery’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.17) EPS. Analysts expect that Warner Bros. Discovery, Inc. will post -4.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wolfe Research upgraded Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a report on Thursday, October 10th. Macquarie raised their price target on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Barrington Research restated an “outperform” rating and set a $16.00 price target on shares of Warner Bros. Discovery in a report on Friday. Finally, KeyCorp raised their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.33.

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.