SBI Securities Co. Ltd. Has $849,000 Position in Warner Bros. Discovery, Inc. $WBD

SBI Securities Co. Ltd. cut its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 8.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,082 shares of the company’s stock after selling 7,014 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Warner Bros. Discovery were worth $849,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. WPG Advisers LLC acquired a new stake in Warner Bros. Discovery during the 1st quarter worth about $26,000. Trifecta Capital Advisors LLC bought a new position in Warner Bros. Discovery during the 2nd quarter valued at $34,000. N.E.W. Advisory Services LLC bought a new stake in Warner Bros. Discovery in the 1st quarter worth about $36,000. Zions Bancorporation National Association UT purchased a new position in Warner Bros. Discovery in the first quarter worth $42,000. Finally, ST Germain D J Co. Inc. increased its holdings in Warner Bros. Discovery by 4,720.5% during the second quarter. ST Germain D J Co. Inc. now owns 4,001 shares of the company’s stock worth $46,000 after buying an additional 3,918 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays set a $20.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, October 8th. Seaport Global Securities upped their target price on shares of Warner Bros. Discovery from $15.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Barrington Research increased their price target on shares of Warner Bros. Discovery from $16.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Morgan Stanley increased their target price on Warner Bros. Discovery from $13.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, September 25th. Finally, Bank of America increased their target price on shares of Warner Bros. Discovery from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Warner Bros. Discovery has a consensus rating of “Moderate Buy” and a consensus price target of $21.92.

Warner Bros. Discovery Stock Performance

Shares of WBD opened at $22.14 on Friday. Warner Bros. Discovery, Inc. has a 52 week low of $7.52 and a 52 week high of $23.19. The stock has a market cap of $54.81 billion, a price-to-earnings ratio of 73.80, a PEG ratio of 2.56 and a beta of 1.73. The business has a 50-day simple moving average of $19.31 and a two-hundred day simple moving average of $13.82. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.92.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $9.17 billion. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the company earned $0.05 EPS. On average, analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insider Buying and Selling

In other news, insider Bruce Campbell sold 150,000 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $18.00, for a total value of $2,700,000.00. Following the completion of the transaction, the insider directly owned 252,464 shares of the company’s stock, valued at approximately $4,544,352. The trade was a 37.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gunnar Wiedenfels sold 222,210 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $22.50, for a total value of $4,999,725.00. Following the completion of the sale, the chief financial officer directly owned 918,940 shares of the company’s stock, valued at $20,676,150. The trade was a 19.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,192,325 shares of company stock worth $22,818,215. Company insiders own 1.90% 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.