Compagnie Lombard Odier SCmA Sells 1,450 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Compagnie Lombard Odier SCmA lessened its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 28.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,700 shares of the company’s stock after selling 1,450 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Warner Bros. Discovery were worth $40,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WBD. Brighton Jones LLC lifted its holdings in shares of Warner Bros. Discovery by 304.9% in the fourth quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock worth $729,000 after buying an additional 51,920 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Warner Bros. Discovery by 5.1% in the fourth quarter. Empowered Funds LLC now owns 61,303 shares of the company’s stock worth $648,000 after buying an additional 2,949 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Warner Bros. Discovery by 101.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 49,024 shares of the company’s stock worth $518,000 after buying an additional 24,692 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Warner Bros. Discovery in the fourth quarter worth about $26,000. Finally, Avestar Capital LLC lifted its holdings in shares of Warner Bros. Discovery by 9.4% in the fourth quarter. Avestar Capital LLC now owns 14,337 shares of the company’s stock worth $152,000 after buying an additional 1,228 shares in the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery Stock Down 1.3%

Shares of Warner Bros. Discovery stock opened at $10.03 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The company’s 50 day moving average price is $8.99 and its 200-day moving average price is $9.94. The stock has a market capitalization of $24.62 billion, a price-to-earnings ratio of -2.19, a P/E/G ratio of 8.64 and a beta of 1.51.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on WBD. Benchmark reaffirmed a “buy” rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research note on Tuesday. Morgan Stanley lowered their target price on shares of Warner Bros. Discovery from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company raised 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 note on Friday, May 9th. Finally, Huber Research raised shares of Warner Bros. Discovery from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 9th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Moderate Buy” and an average target price of $12.17.

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.