Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Macquarie Group Ltd.

Posted by Defense World Staff on Sep 19th, 2023

Macquarie Group Ltd. cut its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,497 shares of the company’s stock after selling 1,550 shares during the quarter. Macquarie Group Ltd.’s holdings in Warner Bros. Discovery were worth $2,212,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WBD. Mach 1 Financial Group LLC acquired a new stake in Warner Bros. Discovery during the 1st quarter worth approximately $1,213,000. Graham Capital Wealth Management LLC acquired a new stake in Warner Bros. Discovery during the 1st quarter worth approximately $246,734,000. Manchester Capital Management LLC lifted its position in Warner Bros. Discovery by 274.6% during the 1st quarter. Manchester Capital Management LLC now owns 1,817 shares of the company’s stock worth $27,000 after acquiring an additional 1,332 shares during the period. Providence Capital Advisors LLC lifted its position in Warner Bros. Discovery by 1,410.1% during the 1st quarter. Providence Capital Advisors LLC now owns 2,099 shares of the company’s stock worth $139,000 after acquiring an additional 1,960 shares during the period. Finally, Oakworth Capital Inc. lifted its position in Warner Bros. Discovery by 378.9% during the 1st quarter. Oakworth Capital Inc. now owns 2,107 shares of the company’s stock worth $32,000 after acquiring an additional 1,667 shares during the period. 58.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Warner Bros. Discovery news, insider Gerhard Zeiler acquired 38,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of $14.09 per share, for a total transaction of $535,420.00. Following the completion of the acquisition, the insider now directly owns 329,032 shares of the company’s stock, valued at $4,636,060.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock opened at $11.66 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average of $12.68 and a two-hundred day moving average of $13.11. The company has a market capitalization of $28.42 billion, a price-to-earnings ratio of -4.22 and a beta of 1.51. Warner Bros. Discovery, Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $16.34.

Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.12). The company had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.44 billion. Warner Bros. Discovery had a positive return on equity of 1.27% and a negative net margin of 16.04%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) EPS. On average, analysts anticipate that Warner Bros. Discovery, Inc. will post -1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

WBD has been the subject of a number of recent research reports. Benchmark reaffirmed a “buy” rating and set a $26.00 price objective on shares of Warner Bros. Discovery in a research report on Monday, August 7th. Evercore ISI decreased their price objective on Warner Bros. Discovery from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, July 24th. Raymond James started coverage on Warner Bros. Discovery in a research note on Monday. They set an “outperform” rating and a $19.00 target price for the company. Rosenblatt Securities reissued a “sell” rating and set a $10.00 target price on shares of Warner Bros. Discovery in a research note on Tuesday, September 5th. Finally, Barclays increased their target price on Warner Bros. Discovery from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.56.

Check Out Our Latest Stock Analysis on Warner Bros. Discovery

Warner Bros. Discovery Profile

(Free Report)

Warner Bros. Discovery, Inc, operates 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 lienses television programs to third parties and networks 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.