Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 26.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,826,492 shares of the company’s stock after purchasing an additional 586,198 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Warner Bros. Discovery were worth $23,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WBD. OFI Invest Asset Management raised its stake in shares of Warner Bros. Discovery by 45.9% in the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock worth $27,000 after purchasing an additional 1,221 shares during the last quarter. GAM Holding AG raised its position in Warner Bros. Discovery by 0.3% during the 3rd quarter. GAM Holding AG now owns 457,685 shares of the company’s stock worth $3,776,000 after buying an additional 1,437 shares during the last quarter. Waldron Private Wealth LLC lifted its stake in Warner Bros. Discovery by 5.4% during the 3rd quarter. Waldron Private Wealth LLC now owns 28,348 shares of the company’s stock valued at $234,000 after acquiring an additional 1,461 shares during the period. PFG Investments LLC boosted its holdings in shares of Warner Bros. Discovery by 1.4% in the 3rd quarter. PFG Investments LLC now owns 112,307 shares of the company’s stock valued at $927,000 after acquiring an additional 1,517 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in shares of Warner Bros. Discovery by 13.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 13,476 shares of the company’s stock worth $111,000 after acquiring an additional 1,565 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Up 0.5 %

WBD stock opened at $8.21 on Wednesday. The business’s 50-day moving average is $7.83 and its 200 day moving average is $7.82. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The stock has a market cap of $20.13 billion, a price-to-earnings ratio of -1.71 and a beta of 1.48. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.06.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($4.07) EPS for the quarter, missing the consensus estimate of ($0.18) by ($3.89). Warner Bros. Discovery had a negative return on equity of 27.28% and a negative net margin of 29.47%. The firm had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $10.07 billion. During the same quarter in the previous year, the firm posted ($0.51) earnings per share. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on WBD. Rosenblatt Securities restated a “neutral” rating and set a $9.00 target price on shares of Warner Bros. Discovery in a research report on Friday, September 13th. Macquarie lowered their target price on Warner Bros. Discovery from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a research report on Thursday, October 10th. Wells Fargo & Company lowered their price objective on Warner Bros. Discovery from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Finally, Sanford C. Bernstein cut shares of Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $10.00 to $8.00 in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.66.

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.