Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Acquired by Venture Visionary Partners LLC

Venture Visionary Partners LLC grew its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 26.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,791 shares of the company’s stock after purchasing an additional 3,505 shares during the period. Venture Visionary Partners LLC’s holdings in Warner Bros. Discovery were worth $139,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Northwest Investment Counselors LLC acquired a new position in shares of Warner Bros. Discovery in the third quarter valued at approximately $69,000. Allspring Global Investments Holdings LLC grew its holdings in Warner Bros. Discovery by 1.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 107,240 shares of the company’s stock worth $885,000 after acquiring an additional 1,651 shares during the period. Nepsis Inc. grew its holdings in Warner Bros. Discovery by 18.8% during the third quarter. Nepsis Inc. now owns 1,702,350 shares of the company’s stock worth $14,044,000 after acquiring an additional 269,584 shares during the period. Cahaba Wealth Management Inc. acquired a new position in Warner Bros. Discovery during the third quarter worth $86,000. Finally, Schubert & Co acquired a new position in Warner Bros. Discovery during the third quarter worth $116,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

WBD has been the subject of several research analyst reports. Evercore ISI dropped their price target on Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Benchmark restated a “buy” rating and set a $18.00 price target on shares of Warner Bros. Discovery in a research note on Friday, September 13th. Morgan Stanley dropped their price target on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company dropped their price target on Warner Bros. Discovery from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Macquarie lowered their target price on Warner Bros. Discovery from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.66.

Warner Bros. Discovery Trading Down 2.7 %

NASDAQ:WBD opened at $7.33 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.06. The business’s 50 day moving average is $7.81 and its two-hundred day moving average is $7.85. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a market cap of $17.96 billion, a PE ratio of -5.91 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Wednesday, August 7th. The company reported ($4.07) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $10.07 billion. During the same period in the prior year, the business earned ($0.51) EPS. The company’s quarterly revenue was down 6.2% on a year-over-year basis. On average, analysts predict that Warner Bros. Discovery, Inc. will post -4.47 EPS 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.