O Shaughnessy Asset Management LLC Raises Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

O Shaughnessy Asset Management LLC lifted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 85.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 131,910 shares of the company’s stock after purchasing an additional 60,836 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Warner Bros. Discovery were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in WBD. Principal Financial Group Inc. boosted its position in Warner Bros. Discovery by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock valued at $21,281,000 after buying an additional 78,653 shares during the period. Coronation Fund Managers Ltd. grew its position in shares of Warner Bros. Discovery by 54.1% during the fourth quarter. Coronation Fund Managers Ltd. now owns 5,644,290 shares of the company’s stock worth $59,660,000 after acquiring an additional 1,981,050 shares during the last quarter. SVB Wealth LLC acquired a new position in Warner Bros. Discovery in the fourth quarter valued at $168,000. Natixis Advisors LLC raised its stake in Warner Bros. Discovery by 3.6% during the 4th quarter. Natixis Advisors LLC now owns 291,006 shares of the company’s stock valued at $3,076,000 after acquiring an additional 10,024 shares during the last quarter. Finally, Parkside Investments LLC lifted its holdings in shares of Warner Bros. Discovery by 297.9% during the fourth quarter. Parkside Investments LLC now owns 260,494 shares of the company’s stock worth $2,753,000 after purchasing an additional 195,026 shares during the period. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Bank of America reissued a “buy” rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Raymond James lowered their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday. Rosenblatt Securities reiterated a “neutral” rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a report on Friday, March 7th. Finally, Barclays lifted their target price on 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.96.

Insider Activity at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $11.41 per share, with a total value of $197,917.86. Following 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $8.07 on Friday. The business has a 50 day simple moving average of $10.50 and a 200 day simple moving average of $9.77. 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 one year low of $6.64 and a one year high of $12.70. The company has a market capitalization of $19.81 billion, a PE ratio of -1.76, a price-to-earnings-growth ratio of 8.64 and a beta of 1.43.

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

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.