Swiss National Bank Sells 912,800 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Swiss National Bank decreased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 10.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,443,927 shares of the company’s stock after selling 912,800 shares during the period. Swiss National Bank’s holdings in Warner Bros. Discovery were worth $80,841,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. First Command Advisory Services Inc. bought a new position in shares of Warner Bros. Discovery during the 3rd quarter worth approximately $42,000. Amalgamated Bank increased its position in shares of Warner Bros. Discovery by 2.3% during the third quarter. Amalgamated Bank now owns 565,263 shares of the company’s stock valued at $6,139,000 after acquiring an additional 12,837 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in Warner Bros. Discovery by 7.0% in the third quarter. Thompson Siegel & Walmsley LLC now owns 3,646,062 shares of the company’s stock worth $39,596,000 after purchasing an additional 237,827 shares during the last quarter. Milestone Investment Advisors LLC bought a new position in Warner Bros. Discovery in the 3rd quarter valued at $28,000. Finally, Pinnacle West Asset Management Inc. purchased a new stake in shares of Warner Bros. Discovery during the 3rd quarter valued at $130,000. 58.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Warner Bros. Discovery from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, November 7th. The Goldman Sachs Group dropped their price objective on Warner Bros. Discovery from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Barclays lowered their target price on Warner Bros. Discovery from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, October 9th. UBS Group cut their price target on Warner Bros. Discovery from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, October 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $24.00 price objective on shares of Warner Bros. Discovery in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.75.

Read Our Latest Report on WBD

Insider Buying and Selling at Warner Bros. Discovery

In related news, Director Programming P. Advance/Newhouse sold 10,000,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $12.49, for a total value of $124,900,000.00. Following the completion of the transaction, the director now directly owns 184,023,290 shares in the company, valued at approximately $2,298,450,892.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Warner Bros. Discovery Trading Down 1.8 %

Warner Bros. Discovery stock opened at $10.07 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.88 and a current ratio of 0.88. Warner Bros. Discovery, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $16.34. The firm’s fifty day moving average price is $11.03 and its 200-day moving average price is $11.34.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last announced its earnings results on Wednesday, November 8th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.16). Warner Bros. Discovery had a negative net margin of 11.48% and a negative return on equity of 0.47%. The business had revenue of $9.98 billion for the quarter, compared to the consensus estimate of $9.97 billion. During the same quarter last year, the firm posted $0.17 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Equities research analysts forecast that Warner Bros. Discovery, Inc. will post -1.19 earnings per share for the current year.

Warner Bros. Discovery Profile

(Free Report)

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 third parties and networks 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.

See Also

Want to see what other hedge funds are holding WBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report).

Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

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