Pathstone Holdings LLC Purchases 17,869 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Pathstone Holdings LLC boosted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 11.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 171,331 shares of the company’s stock after purchasing an additional 17,869 shares during the quarter. Pathstone Holdings LLC’s holdings in Warner Bros. Discovery were worth $1,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WBD. Family Firm Inc. bought a new position in shares of Warner Bros. Discovery in the second quarter valued at approximately $26,000. OFI Invest Asset Management lifted its stake in Warner Bros. Discovery by 45.9% during the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock valued at $27,000 after acquiring an additional 1,221 shares in the last quarter. LRI Investments LLC purchased a new position in Warner Bros. Discovery during the 1st quarter worth $39,000. Future Financial Wealth Managment LLC bought a new stake in shares of Warner Bros. Discovery in the 3rd quarter worth $41,000. Finally, Bank & Trust Co purchased a new stake in shares of Warner Bros. Discovery in the second quarter valued at about $39,000. Institutional investors own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WBD. Benchmark restated a “buy” rating and set a $18.00 price target on shares of Warner Bros. Discovery in a report on Friday, September 13th. Wolfe Research raised Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Macquarie lifted their price target on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Wells Fargo & Company cut their price objective on Warner Bros. Discovery from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research report on Thursday, October 10th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Warner Bros. Discovery has an average rating of “Hold” and an average price target of $10.55.

Warner Bros. Discovery Trading Up 2.7 %

NASDAQ:WBD opened at $10.38 on Friday. The company has a market cap of $25.46 billion, a P/E ratio of -2.27 and a beta of 1.48. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. 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 stock’s fifty day moving average price is $8.45 and its two-hundred day moving average price is $8.00.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same quarter last year, the company earned ($0.17) EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. As a group, analysts expect that Warner Bros. Discovery, Inc. will post -4.37 EPS for the current 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.