Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stock Holdings Lifted by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. raised its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 95.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 67,673 shares of the company’s stock after acquiring an additional 33,136 shares during the period. E Fund Management Co. Ltd.’s holdings in Warner Bros. Discovery were worth $726,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Flagship Harbor Advisors LLC increased its holdings in shares of Warner Bros. Discovery by 9.7% in the first quarter. Flagship Harbor Advisors LLC now owns 14,955 shares of the company’s stock valued at $160,000 after buying an additional 1,318 shares in the last quarter. Bessemer Group Inc. raised its stake in Warner Bros. Discovery by 11.4% during the 4th quarter. Bessemer Group Inc. now owns 13,047 shares of the company’s stock valued at $139,000 after purchasing an additional 1,338 shares during the period. CX Institutional raised its stake in Warner Bros. Discovery by 5.7% during the 1st quarter. CX Institutional now owns 27,324 shares of the company’s stock valued at $293,000 after purchasing an additional 1,465 shares during the period. Bartlett & CO. Wealth Management LLC raised its stake in Warner Bros. Discovery by 9.0% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 18,825 shares of the company’s stock valued at $202,000 after purchasing an additional 1,561 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in Warner Bros. Discovery by 2.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 62,966 shares of the company’s stock valued at $676,000 after purchasing an additional 1,588 shares during the period. Institutional investors own 59.95% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on WBD. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Tuesday, June 10th. KeyCorp cut their target price on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Guggenheim reissued a “buy” rating on shares of Warner Bros. Discovery in a research note on Tuesday, June 10th. UBS Group boosted their target price on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Finally, Bank of America boosted their target price on shares of Warner Bros. Discovery from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, July 1st. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.14.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Anton J. Levy acquired 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average cost of $11.00 per share, for a total transaction of $825,000.00. Following the completion of the acquisition, the director owned 949,000 shares of the company’s stock, valued at approximately $10,439,000. This trade represents a 8.58% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Warner Bros. Discovery Trading Up 7.4%

Shares of NASDAQ:WBD opened at $12.05 on Thursday. The stock has a market capitalization of $29.58 billion, a PE ratio of 40.17, a P/E/G ratio of 2.66 and a beta of 1.57. Warner Bros. Discovery, Inc. has a 1 year low of $6.78 and a 1 year high of $13.86. The firm has a fifty day moving average price of $11.60 and a 200 day moving average price of $10.35. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.79. The firm had revenue of $9.81 billion during the quarter, compared to analysts’ expectations of $9.73 billion. Warner Bros. Discovery had a net margin of 2.00% and a return on equity of 2.14%. Warner Bros. Discovery’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted ($4.07) earnings per share. Analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal 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.