Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Bought by TCW Group Inc.

TCW Group Inc. boosted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,133 shares of the company’s stock after buying an additional 1,764 shares during the period. TCW Group Inc.’s holdings in Warner Bros. Discovery were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased 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 valued at $729,000 after purchasing an additional 51,920 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Warner Bros. Discovery by 39.9% in the fourth quarter. Teacher Retirement System of Texas now owns 21,802 shares of the company’s stock valued at $230,000 after purchasing an additional 6,217 shares during the period. American Century Companies Inc. increased its holdings in shares of Warner Bros. Discovery by 249.3% in the fourth quarter. American Century Companies Inc. now owns 1,797,336 shares of the company’s stock valued at $18,998,000 after purchasing an additional 1,282,709 shares during the period. Sei Investments Co. increased its holdings in shares of Warner Bros. Discovery by 9.3% in the fourth quarter. Sei Investments Co. now owns 700,986 shares of the company’s stock valued at $7,409,000 after purchasing an additional 59,883 shares during the period. Finally, LPL Financial LLC grew its holdings in Warner Bros. Discovery by 22.3% during the fourth quarter. LPL Financial LLC now owns 994,319 shares of the company’s stock worth $10,510,000 after acquiring an additional 181,176 shares during the period. 59.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Argus raised Warner Bros. Discovery to a “hold” rating in a report on Tuesday, May 27th. Raymond James Financial dropped their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Wells Fargo & Company raised their target price on Warner Bros. Discovery from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. Finally, Citigroup dropped 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, May 29th. Twelve analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.41.

Warner Bros. Discovery Stock Up 1.6%

NASDAQ WBD opened at $13.70 on Tuesday. The business has a fifty day moving average price of $10.94 and a 200 day moving average price of $10.15. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $13.87. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $33.63 billion, a P/E ratio of -3.11 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data 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 net margin of 28.16% and a negative return on equity of 30.56%. The firm had revenue of $8.98 billion during the quarter, compared to analyst estimates of $9.66 billion. During the same period in the prior year, the company posted ($0.40) earnings per share. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. Research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Warner Bros. Discovery 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.