Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 22.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 280,982 shares of the company’s stock after purchasing an additional 52,051 shares during the period. Natixis Advisors LLC’s holdings in Warner Bros. Discovery were worth $2,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Empowered Funds LLC lifted its stake in Warner Bros. Discovery by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 58,354 shares of the company’s stock worth $481,000 after acquiring an additional 2,901 shares in the last quarter. Empirical Finance LLC grew its holdings in Warner Bros. Discovery by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 76,389 shares of the company’s stock worth $630,000 after acquiring an additional 1,711 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Warner Bros. Discovery by 5.8% in the 3rd quarter. CIBC Asset Management Inc now owns 735,025 shares of the company’s stock valued at $6,064,000 after purchasing an additional 40,211 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Warner Bros. Discovery by 40.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 63,850 shares of the company’s stock valued at $527,000 after purchasing an additional 18,404 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Warner Bros. Discovery by 9.1% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 74,344 shares of the company’s stock worth $613,000 after purchasing an additional 6,206 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Price Performance

WBD stock opened at $10.11 on Monday. The stock has a market capitalization of $24.80 billion, a price-to-earnings ratio of -2.21 and a beta of 1.48. 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, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The stock’s fifty day simple moving average is $8.34 and its 200-day simple moving average is $7.95.

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

Analyst Ratings Changes

WBD has been the topic of a number of recent analyst reports. Sanford C. Bernstein downgraded Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $10.00 to $8.00 in a report on Tuesday, August 13th. Barrington Research restated an “outperform” rating and set a $12.00 price objective on shares of Warner Bros. Discovery in a research report on Thursday, November 7th. Evercore ISI cut their price target on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Moffett Nathanson decreased their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, Macquarie lifted their target price on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.55.

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.