Lindbrook Capital LLC Purchases 2,196 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Lindbrook Capital LLC raised its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 28.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,888 shares of the company’s stock after acquiring an additional 2,196 shares during the quarter. Lindbrook Capital LLC’s holdings in Warner Bros. Discovery were worth $113,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WBD. Boston Partners boosted its position in shares of Warner Bros. Discovery by 43.0% in the 3rd quarter. Boston Partners now owns 14,225,819 shares of the company’s stock worth $153,713,000 after purchasing an additional 4,275,994 shares in the last quarter. Invesco Ltd. boosted its position in shares of Warner Bros. Discovery by 16.6% in the 3rd quarter. Invesco Ltd. now owns 28,184,613 shares of the company’s stock worth $306,085,000 after purchasing an additional 4,016,888 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Warner Bros. Discovery by 12.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,823,875 shares of the company’s stock worth $237,007,000 after purchasing an additional 2,356,665 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of Warner Bros. Discovery by 1,232.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,648,036 shares of the company’s stock worth $17,898,000 after purchasing an additional 1,524,370 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Warner Bros. Discovery by 55.5% in the 3rd quarter. UBS Group AG now owns 3,964,873 shares of the company’s stock worth $43,059,000 after purchasing an additional 1,415,744 shares in the last quarter. 59.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. 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. Rosenblatt Securities upgraded shares of 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 report on Thursday, March 21st. Barclays decreased their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, February 29th. Barrington Research decreased their price objective on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Finally, Morgan Stanley decreased their price objective on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.83.

Warner Bros. Discovery Trading Down 0.4 %

Shares of WBD stock opened at $8.44 on Wednesday. Warner Bros. Discovery, Inc. has a 1 year low of $8.02 and a 1 year high of $14.76. The firm has a fifty day moving average price of $8.74 and a 200-day moving average price of $10.03. 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 company has a market cap of $20.59 billion, a price-to-earnings ratio of -6.59 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The business had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.34 billion. During the same period in the previous year, the firm earned $0.42 EPS. The company’s revenue was down 6.6% on a year-over-year basis. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current 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.