Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Acquired by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC boosted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 110.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,422,929 shares of the company’s stock after purchasing an additional 1,793,404 shares during the quarter. Worldquant Millennium Advisors LLC owned about 0.14% of Warner Bros. Discovery worth $28,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in shares of Warner Bros. Discovery in the second quarter valued at $26,000. OFI Invest Asset Management grew its holdings in Warner Bros. Discovery by 45.9% in the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock valued at $27,000 after buying an additional 1,221 shares during the period. Larson Financial Group LLC increased its stake in shares of Warner Bros. Discovery by 54.1% during the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock valued at $41,000 after acquiring an additional 1,754 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Warner Bros. Discovery during the 3rd quarter worth about $41,000. Finally, Brooklyn Investment Group purchased a new position in shares of Warner Bros. Discovery during the 3rd quarter worth about $51,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Price Performance

NASDAQ WBD opened at $10.66 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $26.15 billion, a PE ratio of -2.33 and a beta of 1.52. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The company has a 50 day moving average price of $8.77 and a two-hundred day moving average price of $8.11.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. During the same quarter in the previous year, the business earned ($0.17) EPS. Warner Bros. Discovery’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -4.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WBD has been the subject of a number of research analyst reports. Rosenblatt Securities restated a “neutral” rating and set a $9.00 price objective on shares of Warner Bros. Discovery in a report on Friday, September 13th. Sanford C. Bernstein lowered Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $10.00 to $8.00 in a research note on Tuesday, August 13th. Macquarie lifted their price objective on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Barrington Research reissued an “outperform” rating and set a $12.00 target price on shares of Warner Bros. Discovery in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price target on shares of Warner Bros. Discovery from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Monday, October 7th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Hold” and a consensus target price of $10.55.

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.