Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 52.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,943 shares of the company’s stock after acquiring an additional 38,798 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Warner Bros. Discovery were worth $931,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WBD. O Shaughnessy Asset Management LLC lifted its stake in Warner Bros. Discovery by 6.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 67,339 shares of the company’s stock worth $588,000 after acquiring an additional 3,984 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in Warner Bros. Discovery in the 1st quarter valued at about $119,000. Quadrature Capital Ltd purchased a new position in shares of Warner Bros. Discovery in the 1st quarter valued at about $836,000. Lazard Asset Management LLC boosted its stake in shares of Warner Bros. Discovery by 47.7% in the 1st quarter. Lazard Asset Management LLC now owns 10,558 shares of the company’s stock valued at $91,000 after buying an additional 3,412 shares during the period. Finally, BOKF NA boosted its stake in shares of Warner Bros. Discovery by 2,181.8% in the 1st quarter. BOKF NA now owns 119,933 shares of the company’s stock valued at $1,054,000 after buying an additional 114,677 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a research note on Thursday, October 10th. Rosenblatt Securities reiterated a “neutral” rating and issued a $9.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, September 13th. Barclays lifted their price objective on Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Barrington Research reiterated an “outperform” rating and issued a $12.00 price objective on shares of Warner Bros. Discovery in a research note on Thursday, November 7th. Finally, Wolfe Research upgraded Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Hold” and a consensus target price of $10.55.

Warner Bros. Discovery Trading Up 2.9 %

WBD opened at $10.40 on Tuesday. The firm has a market cap of $25.51 billion, a price-to-earnings ratio of -2.27 and a beta of 1.48. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The business’s 50 day moving average is $8.34 and its two-hundred day moving average is $7.95. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) earnings per share. On average, research analysts predict that Warner Bros. Discovery, Inc. will post -4.37 EPS for the current year.

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.