Commerzbank Aktiengesellschaft FI Acquires New Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the third quarter, Holdings Channel reports. The firm acquired 15,441 shares of the company’s stock, valued at approximately $128,000.

A number of other hedge funds have also made changes to their positions in WBD. Family Firm Inc. acquired a new position in Warner Bros. Discovery in the second quarter worth approximately $26,000. Crewe Advisors LLC acquired a new position in Warner Bros. Discovery in the first quarter worth approximately $27,000. OFI Invest Asset Management grew its position in 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 buying an additional 1,221 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Warner Bros. Discovery in the first quarter worth approximately $33,000. Finally, Transcendent Capital Group LLC grew its position in Warner Bros. Discovery by 665.4% in the first quarter. Transcendent Capital Group LLC now owns 4,003 shares of the company’s stock worth $35,000 after buying an additional 3,480 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WBD shares. Benchmark restated a “buy” rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research report on Friday, September 13th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price objective on shares of Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $12.00 price objective on shares of Warner Bros. Discovery in a research note on Tuesday, July 23rd. One 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.66.

Warner Bros. Discovery Stock Up 2.6 %

WBD stock opened at $7.52 on Friday. 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, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The company has a fifty day simple moving average of $7.81 and a 200 day simple moving average of $7.85. The firm has a market cap of $18.43 billion, a PE ratio of -6.06 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($4.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($3.89). The business had revenue of $9.71 billion during the quarter, compared to analyst estimates of $10.07 billion. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.51) EPS. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.47 EPS for the current fiscal year.

Warner Bros. Discovery Company 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.