Tokio Marine Asset Management Co. Ltd. Has $703,000 Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Tokio Marine Asset Management Co. Ltd. increased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,762 shares of the company’s stock after purchasing an additional 5,074 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Warner Bros. Discovery were worth $703,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the 3rd quarter worth about $25,000. Pacifica Partners Inc. grew its position in shares of Warner Bros. Discovery by 118.2% during the 4th quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock worth $27,000 after buying an additional 1,345 shares during the period. Peoples Bank KS acquired a new position in shares of Warner Bros. Discovery during the 3rd quarter worth about $27,000. Milestone Investment Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the 3rd quarter worth about $28,000. Finally, Headinvest LLC acquired a new position in shares of Warner Bros. Discovery during the 3rd quarter worth about $28,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Performance

Shares of Warner Bros. Discovery stock opened at $8.11 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a 12-month low of $8.02 and a 12-month high of $14.76. The business’s 50 day moving average is $8.65 and its 200-day moving average is $9.99.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. On average, equities research analysts predict that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays cut their price objective on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, February 29th. Wolfe Research cut Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a report on Tuesday. Rosenblatt Securities upgraded Warner Bros. Discovery from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $7.00 to $10.00 in a report on Thursday, March 21st. Morgan Stanley cut their price objective on Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Finally, Citigroup cut their price objective on Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.83.

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.