Warner Bros. Discovery, Inc. (NASDAQ:WBD) Holdings Raised by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 629.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,239 shares of the company’s stock after buying an additional 163,295 shares during the period. International Assets Investment Management LLC’s holdings in Warner Bros. Discovery were worth $1,561,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Family Firm Inc. purchased a new position in Warner Bros. Discovery in the second quarter valued at about $26,000. Crewe Advisors LLC acquired a new stake in shares of Warner Bros. Discovery during the 1st quarter valued at about $27,000. OFI Invest Asset Management grew its stake in shares of Warner Bros. Discovery by 45.9% in 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 in the last quarter. Transcendent Capital Group LLC increased its holdings in Warner Bros. Discovery by 665.4% in the first quarter. Transcendent Capital Group LLC now owns 4,003 shares of the company’s stock worth $35,000 after buying an additional 3,480 shares during the last quarter. Finally, LRI Investments LLC bought a new position in Warner Bros. Discovery during the first quarter valued at approximately $39,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $8.23 on Monday. The firm’s 50-day moving average is $7.83 and its 200-day moving average is $7.82. The company has a market cap of $20.18 billion, a price-to-earnings ratio of -1.71 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.76 and a current ratio of 0.76. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($4.07) EPS for the quarter, missing the consensus estimate of ($0.18) by ($3.89). Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The firm had revenue of $9.71 billion during the quarter, compared to analyst estimates of $10.07 billion. During the same period last year, the company earned ($0.51) EPS. The company’s revenue was down 6.2% on a year-over-year basis. Equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.5 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on WBD. Barclays decreased their target price on shares of Warner Bros. Discovery from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Rosenblatt Securities reissued a “neutral” rating and set a $9.00 target price on shares of Warner Bros. Discovery in a research report on Friday, September 13th. TD Cowen cut their target price on Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company decreased their price target on Warner Bros. Discovery from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.66.

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.