Choreo LLC Purchases Shares of 21,589 Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Choreo LLC purchased a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 21,589 shares of the company’s stock, valued at approximately $246,000.

A number of other large investors have also recently added to or reduced their stakes in WBD. Fortis Group Advisors LLC acquired a new stake in Warner Bros. Discovery in the third quarter valued at $25,000. Peoples Bank KS acquired a new stake in shares of Warner Bros. Discovery during the 3rd quarter worth about $27,000. Pacifica Partners Inc. lifted its stake in shares of Warner Bros. Discovery by 118.2% during the 4th quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock worth $27,000 after buying an additional 1,345 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Warner Bros. Discovery during the 3rd quarter worth about $28,000. Finally, Headinvest LLC acquired a new stake in shares of Warner Bros. Discovery during the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Barclays cut their target price on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, February 29th. Wells Fargo & Company cut shares of Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $16.00 to $12.00 in a research note on Monday, January 29th. Barrington Research cut their target price on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Finally, Rosenblatt Securities upgraded shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $7.00 to $10.00 in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.83.

Warner Bros. Discovery Stock Performance

NASDAQ WBD opened at $7.97 on Friday. Warner Bros. Discovery, Inc. has a 1 year low of $7.34 and a 1 year high of $14.76. The firm has a market capitalization of $19.44 billion, a price-to-earnings ratio of -6.23 and a beta of 1.51. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. The firm’s 50 day simple moving average is $8.45 and its 200 day simple moving average is $9.88.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Friday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.34 billion. During the same quarter in the previous year, the business posted $0.42 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, research analysts expect that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current fiscal year.

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.