Candriam S.C.A. Purchases 53,367 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Candriam S.C.A. increased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 32.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,843 shares of the company’s stock after acquiring an additional 53,367 shares during the quarter. Candriam S.C.A.’s holdings in Warner Bros. Discovery were worth $2,303,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in Warner Bros. Discovery during the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. increased its stake in Warner Bros. Discovery by 313.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock valued at $27,000 after purchasing an additional 1,940 shares in the last quarter. Ethos Financial Group LLC acquired a new position in Warner Bros. Discovery during the 4th quarter valued at approximately $29,000. Sugar Maple Asset Management LLC acquired a new position in Warner Bros. Discovery during the 4th quarter valued at approximately $33,000. Finally, New Wave Wealth Advisors LLC acquired a new position in Warner Bros. Discovery during the 4th quarter valued at approximately $37,000. Institutional investors own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.00 to $13.00 in a research note on Tuesday, January 21st. Guggenheim upped their price target on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, December 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 28th. Wolfe Research raised shares of Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Finally, 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. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.91.

Warner Bros. Discovery Stock Performance

WBD opened at $11.07 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a market cap of $27.16 billion, a price-to-earnings ratio of -2.42, a PEG ratio of 8.64 and a beta of 1.48. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The firm’s fifty day simple moving average is $10.39 and its two-hundred day simple moving average is $9.39.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data 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). The company had revenue of $10.03 billion for the quarter, compared to analysts’ expectations of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Equities analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the stock in a transaction dated 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 sale, the insider now directly owns 599,317 shares in the company, valued at $7,407,558.12. This represents a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Piazza Samuel A. Jr. Di bought 17,346 shares of Warner Bros. Discovery stock in a transaction dated Monday, March 3rd. The stock was acquired at an average price of $11.41 per share, with a total value of $197,917.86. Following the completion of the transaction, the director now directly owns 159,932 shares of the company’s stock, valued at approximately $1,824,824.12. The trade was a 12.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

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.