IFM Investors Pty Ltd Has $3.77 Million Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

IFM Investors Pty Ltd decreased its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 1.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 456,682 shares of the company’s stock after selling 4,779 shares during the quarter. IFM Investors Pty Ltd’s holdings in Warner Bros. Discovery were worth $3,768,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Warner Bros. Discovery by 8.2% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 66,843 shares of the company’s stock worth $584,000 after buying an additional 5,081 shares during the period. Mackenzie Financial Corp grew its position in Warner Bros. Discovery by 1,216.7% during the 2nd quarter. Mackenzie Financial Corp now owns 3,009,558 shares of the company’s stock worth $22,391,000 after purchasing an additional 2,780,986 shares in the last quarter. Janus Henderson Group PLC grew its position in Warner Bros. Discovery by 31.0% during the 1st quarter. Janus Henderson Group PLC now owns 314,948 shares of the company’s stock worth $2,751,000 after purchasing an additional 74,587 shares in the last quarter. Sendero Wealth Management LLC raised its stake in Warner Bros. Discovery by 84.5% during the 3rd quarter. Sendero Wealth Management LLC now owns 367,307 shares of the company’s stock valued at $3,030,000 after purchasing an additional 168,221 shares during the period. Finally, Sessa Capital IM L.P. boosted its position in shares of Warner Bros. Discovery by 28.8% in the second quarter. Sessa Capital IM L.P. now owns 22,784,883 shares of the company’s stock worth $169,520,000 after buying an additional 5,100,000 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Up 1.1 %

Shares of WBD stock opened at $7.60 on Friday. The stock’s 50 day simple moving average is $7.82 and its 200 day simple moving average is $7.84. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $18.62 billion, a price-to-earnings ratio of -6.13 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly 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). The firm had revenue of $9.71 billion during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.51) EPS. As a group, research analysts predict that Warner Bros. Discovery, Inc. will post -4.47 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target 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. Barclays reduced their price target on shares of Warner Bros. Discovery from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price objective 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. TD Cowen cut their target price on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group boosted 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.66.

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.