Xponance Inc. Increases Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Xponance Inc. increased its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 331,762 shares of the company’s stock after buying an additional 6,024 shares during the quarter. Xponance Inc.’s holdings in Warner Bros. Discovery were worth $3,507,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in Warner Bros. Discovery in the fourth quarter valued at $26,000. SRS Capital Advisors Inc. raised its position in Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock valued at $27,000 after purchasing an additional 1,940 shares during the period. Ethos Financial Group LLC purchased a new stake in Warner Bros. Discovery in the fourth quarter valued at $29,000. Briaud Financial Planning Inc grew its stake in shares of Warner Bros. Discovery by 258.1% in the fourth quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company’s stock valued at $29,000 after buying an additional 2,000 shares in the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Down 2.5 %

NASDAQ:WBD opened at $10.65 on Friday. The stock has a 50-day simple moving average of $10.38 and a 200-day simple moving average of $9.54. The stock has a market cap of $26.14 billion, a P/E ratio of -2.33, a P/E/G ratio of 8.64 and a beta of 1.48. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.30). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $10.16 billion. As a group, analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WBD has been the subject of a number of research reports. Benchmark reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Moffett Nathanson raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $13.00 in a research note on Tuesday, January 21st. KeyCorp lifted their price objective on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Bank of America reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Warner Bros. Discovery has a consensus rating of “Moderate Buy” and a consensus price target of $11.91.

Insider Activity

In other news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of Warner Bros. Discovery stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $11.41 per share, with a total value of $197,917.86. Following the acquisition, the director now owns 159,932 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

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.