MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $17.72 Million Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 0.2% during the 4th quarter, Holdings Channel reports. The fund owned 1,676,878 shares of the company’s stock after selling 2,627 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Warner Bros. Discovery were worth $17,724,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Colonial Trust Advisors raised its position in Warner Bros. Discovery by 71.8% in the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock worth $25,000 after purchasing an additional 996 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Warner Bros. Discovery in the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. raised its position in Warner Bros. Discovery by 313.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock worth $27,000 after purchasing an additional 1,940 shares during the last quarter. Graney & King LLC bought a new position in Warner Bros. Discovery in the 4th quarter worth approximately $28,000. Finally, Ethos Financial Group LLC bought a new position in Warner Bros. Discovery in the 4th quarter worth approximately $29,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WBD has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Wells Fargo & Company upped their target price on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. Citigroup upped their target price on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Barrington Research reiterated an “outperform” rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research report on Tuesday. Finally, KeyCorp dropped their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.22.

Warner Bros. Discovery Price Performance

WBD opened at $9.14 on Friday. 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 12 month low of $6.64 and a 12 month high of $12.70. The company has a fifty day simple moving average of $9.20 and a 200 day simple moving average of $9.87. The stock has a market cap of $22.44 billion, a P/E ratio of -2.00, a P/E/G ratio of 8.64 and a beta of 1.46.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $9.66 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Warner Bros. Discovery’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.40) EPS. On average, research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insider Buying and Selling

In related news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $11.41 per share, with a total value of $197,917.86. Following the purchase, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This trade represents a 12.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

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.