GWN Securities Inc. Purchases Shares of 14,372 Warner Bros. Discovery, Inc. (NASDAQ:WBD)

GWN Securities Inc. purchased a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the 4th quarter, HoldingsChannel reports. The fund purchased 14,372 shares of the company’s stock, valued at approximately $147,000.

Several other hedge funds have also modified their holdings of WBD. Hauser Brothers GmbH increased its holdings in shares of Warner Bros. Discovery by 56.1% during the third quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company’s stock valued at $10,106,000 after acquiring an additional 440,000 shares in the last quarter. Principal Financial Group Inc. increased its holdings 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 valued at $21,281,000 after acquiring an additional 78,653 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Warner Bros. Discovery during the third quarter valued at about $1,474,000. Blueshift Asset Management LLC acquired a new position in shares of Warner Bros. Discovery during the third quarter valued at about $588,000. Finally, Natixis Advisors LLC increased its holdings in shares of Warner Bros. Discovery by 22.7% during the third quarter. Natixis Advisors LLC now owns 280,982 shares of the company’s stock valued at $2,318,000 after acquiring an additional 52,051 shares in the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the acquisition, the director now owns 159,932 shares of the company’s stock, valued at approximately $1,824,824.12. This trade represents a 12.17 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WBD has been the topic of several recent analyst reports. Barclays upped their price objective on shares of Warner Bros. Discovery from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 28th. JPMorgan Chase & Co. increased their price target 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. The Goldman Sachs Group increased their price target on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, Bank of America reiterated a “buy” rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.91.

Warner Bros. Discovery Trading Down 0.9 %

Shares of NASDAQ:WBD opened at $10.39 on Wednesday. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The firm has a market capitalization of $25.50 billion, a price-to-earnings ratio of -2.27, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50 day moving average price is $10.35 and its 200-day moving average price is $9.53.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business had revenue of $10.03 billion for the quarter, compared to analysts’ expectations of $10.16 billion. On average, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

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.