135,432 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 4th quarter, Holdings Channel reports. The institutional investor bought 135,432 shares of the company’s stock, valued at approximately $1,432,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WBD. Empowered Funds LLC boosted its holdings in Warner Bros. Discovery by 5.2% in the third quarter. Empowered Funds LLC now owns 58,354 shares of the company’s stock worth $481,000 after purchasing an additional 2,901 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Warner Bros. Discovery by 22.7% in the third quarter. Natixis Advisors LLC now owns 280,982 shares of the company’s stock worth $2,318,000 after purchasing an additional 52,051 shares during the last quarter. Quest Partners LLC boosted its holdings in Warner Bros. Discovery by 173.7% in the third quarter. Quest Partners LLC now owns 44,284 shares of the company’s stock worth $365,000 after purchasing an additional 28,104 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in Warner Bros. Discovery by 11.6% in the third quarter. Pathstone Holdings LLC now owns 171,331 shares of the company’s stock worth $1,413,000 after purchasing an additional 17,869 shares during the last quarter. Finally, Caprock Group LLC purchased a new stake in Warner Bros. Discovery in the third quarter worth approximately $99,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $10.74 on Monday. The stock has a market cap of $26.36 billion, a price-to-earnings ratio of -2.34, 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. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The firm has a 50-day moving average of $10.40 and a two-hundred day moving average of $9.59.

Warner Bros. Discovery (NASDAQ:WBD) last released 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 during 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%. On average, research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Activity

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the purchase, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This trade represents a 12.17 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price 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. Barclays lifted their price target on shares of Warner Bros. Discovery from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Barrington Research reiterated an “outperform” rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research note on Wednesday, March 5th. KeyCorp lifted their price target on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Guggenheim lifted their price target on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Moderate Buy” and an average 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.