Tokio Marine Asset Management Co. Ltd. Has $613,000 Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 9.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,344 shares of the company’s stock after purchasing an additional 6,206 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Warner Bros. Discovery were worth $613,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. OFI Invest Asset Management lifted its holdings in shares of Warner Bros. Discovery by 45.9% during the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock valued at $27,000 after purchasing an additional 1,221 shares in the last quarter. GAM Holding AG raised its holdings in Warner Bros. Discovery by 0.3% during the 3rd quarter. GAM Holding AG now owns 457,685 shares of the company’s stock worth $3,776,000 after buying an additional 1,437 shares during the period. Waldron Private Wealth LLC lifted its stake in Warner Bros. Discovery by 5.4% in the third quarter. Waldron Private Wealth LLC now owns 28,348 shares of the company’s stock valued at $234,000 after buying an additional 1,461 shares in the last quarter. PFG Investments LLC lifted its stake in Warner Bros. Discovery by 1.4% in the third quarter. PFG Investments LLC now owns 112,307 shares of the company’s stock valued at $927,000 after buying an additional 1,517 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Warner Bros. Discovery by 13.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 13,476 shares of the company’s stock valued at $111,000 after buying an additional 1,565 shares during the period. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Down 6.5 %

Warner Bros. Discovery stock opened at $9.22 on Friday. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The firm has a market capitalization of $22.61 billion, a PE ratio of -2.01 and a beta of 1.48. The company’s 50-day moving average is $8.10 and its 200-day moving average is $7.88. 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 (NASDAQ:WBD) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.79 billion. During the same quarter in the previous year, the business earned ($0.17) earnings per share. The business’s revenue was down 3.6% compared to the same quarter last year. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Warner Bros. Discovery in a research report on Friday, September 13th. Moffett Nathanson cut their price target on Warner Bros. Discovery from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. TD Cowen decreased their price objective on Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Macquarie raised their price target on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Warner Bros. Discovery has a consensus rating of “Hold” and a consensus price target of $10.55.

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.