Cibc World Markets Corp Has $19.73 Million Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Cibc World Markets Corp grew its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,866,446 shares of the company’s stock after acquiring an additional 39,592 shares during the period. Cibc World Markets Corp owned 0.08% of Warner Bros. Discovery worth $19,728,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Atria Investments Inc increased its stake in shares of Warner Bros. Discovery by 31.9% in the 3rd quarter. Atria Investments Inc now owns 98,062 shares of the company’s stock valued at $809,000 after acquiring an additional 23,697 shares in the last quarter. Versor Investments LP bought a new stake in Warner Bros. Discovery in the third quarter valued at $93,000. Apollon Wealth Management LLC raised its holdings in shares of Warner Bros. Discovery by 96.8% during the third quarter. Apollon Wealth Management LLC now owns 53,719 shares of the company’s stock valued at $443,000 after purchasing an additional 26,421 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of Warner Bros. Discovery by 40.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 63,850 shares of the company’s stock worth $527,000 after purchasing an additional 18,404 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Warner Bros. Discovery by 5.8% in the 3rd quarter. CIBC Asset Management Inc now owns 735,025 shares of the company’s stock valued at $6,064,000 after buying an additional 40,211 shares during the period. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Price Performance

WBD opened at $10.48 on Tuesday. The firm has a market cap of $25.73 billion, a P/E ratio of -2.29, a PEG ratio of 8.64 and a beta of 1.48. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The firm has a 50-day moving average of $10.36 and a 200 day moving average of $9.49.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.16 billion. On average, research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insiders Place Their Bets

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average cost of $11.41 per share, with a total value of $197,917.86. Following the acquisition, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Rosenblatt Securities reiterated a “neutral” rating and issued a $13.00 price target on shares of Warner Bros. Discovery in a report on Friday, March 7th. Citigroup lifted their price target on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Bank of America restated a “buy” rating and set a $14.00 price objective on shares of Warner Bros. Discovery in a report on Thursday, December 12th. KeyCorp lifted their price objective on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Benchmark restated a “buy” rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.91.

Warner Bros. Discovery 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.