Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Acquired by IHT Wealth Management LLC

IHT Wealth Management LLC increased its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 15.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,331 shares of the company’s stock after buying an additional 4,226 shares during the period. IHT Wealth Management LLC’s holdings in Warner Bros. Discovery were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in Warner Bros. Discovery during the second quarter worth about $26,000. OFI Invest Asset Management boosted its holdings in Warner Bros. Discovery by 45.9% during the second 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 in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Warner Bros. Discovery during the third quarter worth about $41,000. Larson Financial Group LLC boosted its holdings in Warner Bros. Discovery by 54.1% during the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock worth $41,000 after buying an additional 1,754 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Warner Bros. Discovery by 2,185.1% in the second quarter. Quarry LP now owns 6,307 shares of the company’s stock valued at $47,000 after purchasing an additional 6,031 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Analysts Set New Price Targets

WBD has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a report on Friday, September 13th. Raymond James upped their price target on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Sanford C. Bernstein downgraded shares of Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $10.00 to $8.00 in a report on Tuesday, August 13th. Rosenblatt Securities reissued a “neutral” rating and issued a $9.00 price objective on shares of Warner Bros. Discovery in a research report on Friday, September 13th. Finally, Wolfe Research raised shares of Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Warner Bros. Discovery presently has an average rating of “Hold” and a consensus price target of $10.55.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $10.56 on Tuesday. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one 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. The company has a 50 day moving average price of $8.82 and a 200 day moving average price of $8.14. The firm has a market capitalization of $25.91 billion, a price-to-earnings ratio of -2.31 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD) last issued 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. 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 $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. During the same quarter in the prior year, the business posted ($0.17) earnings per share. Warner Bros. Discovery’s revenue for the quarter was down 3.6% compared to the same quarter last year. Sell-side analysts anticipate 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.