Robeco Institutional Asset Management B.V. Purchases 724,393 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 25.6% during the fourth quarter, Holdings Channel reports. The fund owned 3,550,885 shares of the company’s stock after purchasing an additional 724,393 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Warner Bros. Discovery were worth $37,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WBD. Principal Financial Group Inc. lifted its position in shares of Warner Bros. Discovery by 3.1% during the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock worth $21,281,000 after purchasing an additional 78,653 shares in the last quarter. Hauser Brothers GmbH boosted its position in Warner Bros. Discovery by 56.1% in the 3rd quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company’s stock valued at $10,106,000 after buying an additional 440,000 shares during the last quarter. Private Management Group Inc. boosted its position in Warner Bros. Discovery by 37.7% in the 3rd quarter. Private Management Group Inc. now owns 6,886,143 shares of the company’s stock valued at $56,811,000 after buying an additional 1,886,868 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at $1,474,000. Finally, Blueshift Asset Management LLC bought a new stake in shares of Warner Bros. Discovery during the third quarter worth $588,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the transaction, the insider now owns 599,317 shares of the company’s stock, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Warner Bros. Discovery Stock Up 1.8 %

Warner Bros. Discovery stock opened at $10.62 on Friday. The company has a 50 day moving average of $10.47 and a 200-day moving average of $8.90. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. The stock has a market capitalization of $26.05 billion, a PE ratio of -2.32, a price-to-earnings-growth ratio of 6.12 and a beta of 1.50.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. During the same period in the prior year, the business earned ($0.17) EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WBD. Guggenheim lifted their price objective on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Rosenblatt Securities raised their target price on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Bank of America reissued a “buy” rating and set a $14.00 price target on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, December 13th. Finally, KeyCorp upped their target price on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.76.

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.