Creative Planning Has $2.95 Million Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Creative Planning boosted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 14.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 357,699 shares of the company’s stock after acquiring an additional 44,129 shares during the quarter. Creative Planning’s holdings in Warner Bros. Discovery were worth $2,951,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in Warner Bros. Discovery during the 1st quarter worth about $27,000. Family Firm Inc. acquired a new stake in shares of Warner Bros. Discovery during the 2nd quarter valued at about $26,000. OFI Invest Asset Management lifted its holdings in shares of Warner Bros. Discovery by 45.9% during the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock valued at $27,000 after buying an additional 1,221 shares during the last quarter. Transcendent Capital Group LLC lifted its holdings in shares of Warner Bros. Discovery by 665.4% during the 1st quarter. Transcendent Capital Group LLC now owns 4,003 shares of the company’s stock valued at $35,000 after buying an additional 3,480 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Warner Bros. Discovery during the 1st quarter valued at about $39,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WBD has been the subject of several research reports. Barrington Research reiterated an “outperform” rating and set a $12.00 price target on shares of Warner Bros. Discovery in a report on Tuesday, July 23rd. Macquarie reduced their price target on Warner Bros. Discovery from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, August 12th. TD Cowen reduced their price target on Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company reduced their price target on Warner Bros. Discovery from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut their price objective on Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.66.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD opened at $7.60 on Friday. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70. The company has a market cap of $18.62 billion, a P/E ratio of -6.13 and a beta of 1.48. The business’s 50 day moving average is $7.82 and its two-hundred day moving average is $7.84. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.06.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($4.07) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($3.89). Warner Bros. Discovery had a negative return on equity of 27.28% and a negative net margin of 29.47%. The firm had revenue of $9.71 billion for the quarter, compared to analyst estimates of $10.07 billion. During the same period in the previous year, the business posted ($0.51) EPS. Warner Bros. Discovery’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, equities analysts expect that Warner Bros. Discovery, Inc. will post -4.47 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.