Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. lifted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 910.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,574 shares of the company’s stock after buying an additional 150,987 shares during the quarter. Nomura Holdings Inc.’s holdings in Warner Bros. Discovery were worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in Warner Bros. Discovery by 17.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 25,534,218 shares of the company’s stock valued at $290,579,000 after buying an additional 3,710,343 shares in the last quarter. Northern Trust Corp raised its position in shares of Warner Bros. Discovery by 2.6% during the 3rd quarter. Northern Trust Corp now owns 20,873,998 shares of the company’s stock valued at $226,692,000 after acquiring an additional 524,965 shares in the last quarter. Norges Bank bought a new position in Warner Bros. Discovery during the fourth quarter worth $198,916,000. Boston Partners boosted its holdings in Warner Bros. Discovery by 9.9% in the fourth quarter. Boston Partners now owns 15,640,771 shares of the company’s stock worth $177,384,000 after purchasing an additional 1,414,952 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Warner Bros. Discovery by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,672,632 shares of the company’s stock valued at $155,594,000 after purchasing an additional 575,123 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

WBD stock opened at $6.99 on Wednesday. The firm’s 50-day moving average is $8.03 and its two-hundred day moving average is $9.30. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.82 and a current ratio of 0.82. Warner Bros. Discovery, Inc. has a 52 week low of $6.96 and a 52 week high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The firm had revenue of $9.96 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. Equities research analysts expect that Warner Bros. Discovery, Inc. will post -0.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WBD has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 26th. Rosenblatt Securities raised shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and raised their target price for the stock from $7.00 to $10.00 in a report on Thursday, March 21st. Barrington Research reaffirmed an “outperform” rating and set a $15.00 target price on shares of Warner Bros. Discovery in a report on Tuesday, May 28th. Wolfe Research downgraded Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price target on the stock. in a report on Tuesday, April 23rd. Finally, Barclays lowered their price objective on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.16.

About Warner Bros. Discovery

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.