Livforsakringsbolaget Skandia Omsesidigt Buys 2,057 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 71.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,951 shares of the company’s stock after buying an additional 2,057 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Warner Bros. Discovery were worth $56,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Aspire Private Capital LLC boosted its position in Warner Bros. Discovery by 33.2% in the fourth quarter. Aspire Private Capital LLC now owns 2,823 shares of the company’s stock worth $26,762,040,000 after purchasing an additional 704 shares during the last quarter. Park Place Capital Corp boosted its position in Warner Bros. Discovery by 33.4% in the third quarter. Park Place Capital Corp now owns 3,677 shares of the company’s stock worth $40,000 after purchasing an additional 921 shares during the last quarter. Forum Financial Management LP boosted its position in Warner Bros. Discovery by 2.3% in the third quarter. Forum Financial Management LP now owns 42,179 shares of the company’s stock worth $458,000 after purchasing an additional 948 shares during the last quarter. Bridgeworth LLC boosted its position in Warner Bros. Discovery by 7.4% in the fourth quarter. Bridgeworth LLC now owns 13,845 shares of the company’s stock worth $158,000 after purchasing an additional 952 shares during the last quarter. Finally, Czech National Bank boosted its position in Warner Bros. Discovery by 0.3% in the fourth quarter. Czech National Bank now owns 388,660 shares of the company’s stock worth $4,423,000 after purchasing an additional 996 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Rosenblatt Securities raised Warner Bros. Discovery from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $7.00 to $10.00 in a research report on Thursday, March 21st. JPMorgan Chase & Co. dropped their price target on Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 26th. Macquarie dropped their price target on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, January 22nd. Benchmark reaffirmed a “buy” rating and set a $20.00 price target on shares of Warner Bros. Discovery in a research report on Monday, March 4th. Finally, Citigroup dropped their price target on Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.24.

Warner Bros. Discovery Trading Up 1.1 %

Shares of WBD opened at $8.40 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s 50-day simple moving average is $8.77 and its 200 day simple moving average is $10.05. Warner Bros. Discovery, Inc. has a 52-week low of $8.02 and a 52-week high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. Warner Bros. Discovery’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. Research analysts forecast that Warner Bros. Discovery, Inc. will post -0.35 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.