Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stock Position Increased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 245,687 shares of the company’s stock after purchasing an additional 14,991 shares during the period. UniSuper Management Pty Ltd’s holdings in Warner Bros. Discovery were worth $2,597,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WBD. Cerity Partners LLC raised its stake in shares of Warner Bros. Discovery by 81.0% during the third quarter. Cerity Partners LLC now owns 210,104 shares of the company’s stock valued at $1,733,000 after purchasing an additional 94,050 shares in the last quarter. Larson Financial Group LLC increased its stake 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 during the period. Brooklyn Investment Group bought a new stake in shares of Warner Bros. Discovery during the 3rd quarter worth about $51,000. Townsquare Capital LLC lifted its stake in shares of Warner Bros. Discovery by 47.9% in the 3rd quarter. Townsquare Capital LLC now owns 27,134 shares of the company’s stock worth $224,000 after acquiring an additional 8,784 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Warner Bros. Discovery by 107.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 466,104 shares of the company’s stock valued at $3,845,000 after acquiring an additional 241,150 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barrington Research restated an “outperform” rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, March 5th. Moffett Nathanson raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $13.00 in a research note on Tuesday, January 21st. Bank of America reaffirmed a “buy” rating and set a $14.00 target price on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. Rosenblatt Securities reiterated a “neutral” rating and issued a $13.00 price target on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Warner Bros. Discovery presently has a consensus rating of “Moderate Buy” and an average target price of $11.91.

Insider Buying and Selling at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $11.41 per share, with a total value of $197,917.86. Following the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $10.37 on Friday. The stock’s fifty day simple moving average is $10.52 and its 200-day simple moving average is $9.70. The company has a market capitalization of $25.46 billion, a price-to-earnings ratio of -2.26, a P/E/G ratio of 8.64 and a beta of 1.48. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70.

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

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.