Virtu Financial LLC Increases Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Virtu Financial LLC boosted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 9.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 95,924 shares of the company’s stock after buying an additional 8,514 shares during the quarter. Virtu Financial LLC’s holdings in Warner Bros. Discovery were worth $1,092,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Fortis Group Advisors LLC purchased a new position in Warner Bros. Discovery in the third quarter worth approximately $25,000. Pacifica Partners Inc. grew its holdings 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 purchasing an additional 1,345 shares during the period. Headinvest LLC acquired a new stake in shares of Warner Bros. Discovery during the 3rd quarter worth about $28,000. Rakuten Securities Inc. purchased a new stake in Warner Bros. Discovery in the 4th quarter valued at about $35,000. Finally, FinTrust Capital Advisors LLC lifted its position in Warner Bros. Discovery by 56.3% in the fourth quarter. FinTrust Capital Advisors LLC now owns 3,066 shares of the company’s stock valued at $35,000 after buying an additional 1,105 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Down 0.7 %

Shares of NASDAQ:WBD traded down $0.05 during trading hours on Friday, reaching $7.24. The stock had a trading volume of 22,879,072 shares, compared to its average volume of 27,635,164. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of -5.84 and a beta of 1.53. The firm’s 50 day moving average is $8.10 and its 200-day moving average is $9.37. Warner Bros. Discovery, Inc. has a 1 year low of $7.21 and a 1 year high of $14.76. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.82 and a current ratio of 0.82.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Thursday, May 9th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The business had revenue of $9.96 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.18 EPS. Research analysts predict that Warner Bros. Discovery, Inc. will post -0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WBD has been the topic of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Benchmark reissued a “buy” rating and issued a $20.00 target price on shares of Warner Bros. Discovery in a research report on Monday, March 4th. Sanford C. Bernstein decreased their price target on Warner Bros. Discovery from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Citigroup dropped their price objective on Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. decreased their target price on Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of “Moderate Buy” and an average target price of $13.16.

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.