Mizuho Securities USA LLC Boosts Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mizuho Securities USA LLC increased its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 46.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 211,579 shares of the company’s stock after purchasing an additional 66,895 shares during the quarter. Mizuho Securities USA LLC’s holdings in Warner Bros. Discovery were worth $2,236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WBD. Stonebridge Financial Group LLC bought a new position in Warner Bros. Discovery in the 4th quarter worth about $26,000. SRS Capital Advisors Inc. boosted its position in shares of Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock valued at $27,000 after acquiring an additional 1,940 shares during the period. Ethos Financial Group LLC purchased a new position in Warner Bros. Discovery during the fourth quarter valued at approximately $29,000. Briaud Financial Planning Inc increased its holdings in Warner Bros. Discovery by 258.1% during the 4th quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company’s stock worth $29,000 after acquiring an additional 2,000 shares during the period. Finally, Sugar Maple Asset Management LLC purchased a new stake in Warner Bros. Discovery in the 4th quarter worth approximately $33,000. 59.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on WBD. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.00 to $13.00 in a research report on Tuesday, January 21st. Barclays boosted their target price on Warner Bros. Discovery from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 28th. Bank of America reissued a “buy” rating and set a $14.00 price objective on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.91.

Warner Bros. Discovery Stock Up 2.1 %

WBD opened at $10.97 on Tuesday. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average price is $10.42 and its 200-day moving average price is $9.62. The company has a market cap of $26.93 billion, a P/E ratio of -2.40, a P/E/G ratio of 8.64 and a beta of 1.48.

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

Insider Buying and Selling

In other news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the acquisition, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This trade represents a 12.17 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

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.