Nepsis Inc. raised its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,702,350 shares of the company’s stock after purchasing an additional 269,584 shares during the period. Warner Bros. Discovery accounts for approximately 3.3% of Nepsis Inc.’s portfolio, making the stock its 19th largest holding. Nepsis Inc. owned 0.07% of Warner Bros. Discovery worth $14,044,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. OFI Invest Asset Management boosted its holdings in Warner Bros. Discovery by 45.9% in the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock worth $27,000 after buying an additional 1,221 shares during the period. Wellington Shields Capital Management LLC lifted its position in shares of Warner Bros. Discovery by 38.9% during the first quarter. Wellington Shields Capital Management LLC now owns 5,317 shares of the company’s stock worth $46,000 after acquiring an additional 1,488 shares in the last quarter. 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 worth $111,000 after acquiring an additional 1,565 shares during the period. Xponance Inc. grew its position in shares of Warner Bros. Discovery by 0.5% in the second quarter. Xponance Inc. now owns 316,739 shares of the company’s stock valued at $2,357,000 after purchasing an additional 1,614 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of Warner Bros. Discovery by 5.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 31,243 shares of the company’s stock valued at $258,000 after purchasing an additional 1,643 shares during the period. 59.95% of the stock is owned by hedge funds and other institutional investors.
Warner Bros. Discovery Stock Up 0.5 %
Shares of Warner Bros. Discovery stock traded up $0.04 during trading on Friday, hitting $7.82. The company’s stock had a trading volume of 16,790,728 shares, compared to its average volume of 29,053,773. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a market capitalization of $19.16 billion, a PE ratio of -6.31 and a beta of 1.48. The company has a fifty day simple moving average of $7.78 and a two-hundred day simple moving average of $7.87. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.76 and a current ratio of 0.76.
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported ($4.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89). The company had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $10.07 billion. Warner Bros. Discovery had a negative return on equity of 27.28% and a negative net margin of 29.47%. The company’s revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.51) earnings per share. Equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.47 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on WBD. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research note on Thursday, October 10th. The Goldman Sachs Group boosted their price target on shares of Warner Bros. Discovery from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. lowered their price objective on Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. TD Cowen reduced their target price on Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Moffett Nathanson lowered 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $10.66.
Warner Bros. Discovery Company 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.