Aire Advisors LLC Purchases 39,712 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Aire Advisors LLC boosted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 68.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,390 shares of the company’s stock after acquiring an additional 39,712 shares during the quarter. Aire Advisors LLC’s holdings in Warner Bros. Discovery were worth $1,029,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Hauser Brothers GmbH raised its holdings in shares of 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 purchasing an additional 440,000 shares during the period. Principal Financial Group Inc. raised its stake in Warner Bros. Discovery by 3.1% in the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock valued at $21,281,000 after buying an additional 78,653 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of Warner Bros. Discovery in the third quarter valued at approximately $1,474,000. Blueshift Asset Management LLC bought a new position in shares of Warner Bros. Discovery during the 3rd quarter worth approximately $588,000. Finally, Natixis Advisors LLC increased its holdings in shares of Warner Bros. Discovery by 22.7% during the 3rd quarter. Natixis Advisors LLC now owns 280,982 shares of the company’s stock worth $2,318,000 after acquiring an additional 52,051 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Insider Activity

In related news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the purchase, the director now directly owns 159,932 shares of the company’s stock, valued at $1,824,824.12. The trade was a 12.17 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Guggenheim lifted their price objective on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Barclays upped their target price on Warner Bros. Discovery from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, Benchmark reiterated a “buy” rating and set a $18.00 target price on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.91.

Warner Bros. Discovery Stock Up 2.1 %

Shares of WBD opened at $10.97 on Tuesday. The stock’s 50-day moving average price is $10.42 and its two-hundred day moving average price is $9.62. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70. The company has a market capitalization of $26.93 billion, a PE ratio of -2.40, a PEG ratio of 8.64 and a beta of 1.48. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company had revenue of $10.03 billion during the quarter, compared to analyst estimates of $10.16 billion. On average, analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

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.