Handelsbanken Fonder AB boosted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 130.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,008,638 shares of the company’s stock after purchasing an additional 571,612 shares during the period. Handelsbanken Fonder AB’s holdings in Warner Bros. Discovery were worth $29,069,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of WBD. Brighton Jones LLC boosted its holdings in Warner Bros. Discovery by 304.9% in the fourth quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock valued at $729,000 after purchasing an additional 51,920 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Warner Bros. Discovery by 50.5% during the 1st quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock worth $679,000 after buying an additional 21,228 shares during the last quarter. Empowered Funds LLC lifted its holdings in Warner Bros. Discovery by 6.2% during the 1st quarter. Empowered Funds LLC now owns 65,082 shares of the company’s stock worth $698,000 after buying an additional 3,779 shares during the last quarter. Focus Partners Wealth lifted its holdings in Warner Bros. Discovery by 91.6% during the 1st quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock worth $1,254,000 after buying an additional 55,837 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Warner Bros. Discovery by 3.8% during the 2nd quarter. Baird Financial Group Inc. now owns 111,450 shares of the company’s stock worth $1,277,000 after buying an additional 4,062 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.
Insider Transactions at Warner Bros. Discovery
In related news, insider Gerhard Zeiler sold 600,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $28.02, for a total value of $16,812,000.00. Following the sale, the insider directly owned 672,649 shares in the company, valued at $18,847,624.98. This trade represents a 47.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Fazal F. Merchant sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $27.48, for a total value of $961,800.00. Following the completion of the sale, the director owned 95,539 shares in the company, valued at approximately $2,625,411.72. This represents a 26.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,206,827 shares of company stock worth $230,674,025 over the last quarter. Insiders own 1.80% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Analysis on WBD
Warner Bros. Discovery Trading Down 0.0%
Shares of NASDAQ WBD opened at $27.09 on Wednesday. Warner Bros. Discovery, Inc. has a 12-month low of $8.83 and a 12-month high of $30.00. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92. The company has a market cap of $67.92 billion, a price-to-earnings ratio of -38.70 and a beta of 1.57. The stock’s 50 day simple moving average is $27.30 and its 200 day simple moving average is $27.02.
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.10) by ($1.07). Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The business had revenue of $8.89 billion during the quarter, compared to analyst estimates of $8.89 billion. During the same quarter in the prior year, the business earned ($0.18) earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. Equities research analysts expect that Warner Bros. Discovery, Inc. will post -0.71 EPS for the current year.
Warner Bros. Discovery Company Profile
Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.
The company’s core activities include film and television production and distribution through units such as Warner Bros.
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