Warner Bros. Discovery, Inc. $WBD Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. raised its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 308,052 shares of the company’s stock after purchasing an additional 21,388 shares during the period. iA Global Asset Management Inc.’s holdings in Warner Bros. Discovery were worth $8,878,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Private Advisory Group LLC bought a new stake in shares of Warner Bros. Discovery during the 4th quarter worth about $3,438,000. Hauser Brothers GmbH raised its position in shares of Warner Bros. Discovery by 19.8% during the 3rd quarter. Hauser Brothers GmbH now owns 2,877,000 shares of the company’s stock worth $56,188,000 after buying an additional 476,000 shares in the last quarter. US Bancorp DE raised its position in shares of Warner Bros. Discovery by 32.7% during the 3rd quarter. US Bancorp DE now owns 175,293 shares of the company’s stock worth $3,423,000 after buying an additional 43,240 shares in the last quarter. Triad Investment Management bought a new stake in shares of Warner Bros. Discovery during the 4th quarter worth about $9,383,000. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Warner Bros. Discovery by 4.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 916,705 shares of the company’s stock worth $26,419,000 after buying an additional 38,105 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

Shares of WBD opened at $26.98 on Monday. The company’s 50 day moving average price is $27.33 and its 200 day moving average price is $26.94. Warner Bros. Discovery, Inc. has a 52 week low of $8.82 and a 52 week high of $30.00. The company has a market capitalization of $67.64 billion, a PE ratio of -38.54 and a beta of 1.57. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The company had revenue of $8.89 billion for the quarter, compared to analysts’ expectations of $8.89 billion. During the same period in the previous year, the firm posted ($0.18) earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts expect that Warner Bros. Discovery, Inc. will post -0.71 EPS for the current fiscal year.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Paul A. Gould sold 600,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $27.35, for a total value of $16,410,000.00. Following the completion of the sale, the director directly owned 244,357 shares in the company, valued at $6,683,163.95. The trade was a 71.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gunnar Wiedenfels sold 374,323 shares of Warner Bros. Discovery stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $28.05, for a total transaction of $10,499,760.15. Following the completion of the sale, the chief financial officer owned 663,380 shares of the company’s stock, valued at $18,607,809. This trade represents a 36.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 8,206,827 shares of company stock valued at $230,674,025. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Argus lowered their price objective on shares of Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Arete Research reaffirmed a “neutral” rating and issued a $31.25 price objective on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Benchmark reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Huber Research cut shares of Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 27th. Finally, TD Cowen lifted their price objective on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of “Hold” and an average target price of $26.36.

About Warner Bros. Discovery

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.