1,000,000 Shares in Warner Bros. Discovery, Inc. $WBD Purchased by Rokos Capital Management LLP

Rokos Capital Management LLP acquired a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,000,000 shares of the company’s stock, valued at approximately $11,465,000.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Warner Bros. Discovery in the 2nd quarter valued at approximately $306,848,000. Independent Franchise Partners LLP bought a new position in Warner Bros. Discovery during the first quarter worth $140,224,000. Nuveen LLC acquired a new position in Warner Bros. Discovery in the first quarter worth $96,971,000. Sound Shore Management Inc CT acquired a new position in Warner Bros. Discovery in the second quarter worth $97,951,000. Finally, Apollo Management Holdings L.P. bought a new stake in Warner Bros. Discovery during the first quarter valued at $65,031,000. Institutional investors own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Warner Bros. Discovery from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. TD Cowen increased their price objective on shares of Warner Bros. Discovery from $14.00 to $22.00 in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $29.50 target price on shares of Warner Bros. Discovery in a report on Monday. Raymond James Financial upped their target price on Warner Bros. Discovery from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Arete Research raised their price target on Warner Bros. Discovery from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.35.

Warner Bros. Discovery Stock Up 4.5%

WBD opened at $29.53 on Thursday. The stock’s 50 day moving average price is $21.92 and its 200 day moving average price is $15.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $73.17 billion, a P/E ratio of 155.43, a P/E/G ratio of 1.08 and a beta of 1.60. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $29.81.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $9.05 billion for the quarter, compared to analyst estimates of $9.17 billion. Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. Warner Bros. Discovery’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the business posted $0.05 earnings per share. As a group, research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Buying and Selling at Warner Bros. Discovery

In other news, CAO Lori C. Locke sold 5,000 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $27.62, for a total value of $138,100.00. Following the completion of the transaction, the chief accounting officer directly owned 110,084 shares in the company, valued at $3,040,520.08. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruce Campbell sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $18.00, for a total transaction of $2,700,000.00. Following the transaction, the insider owned 252,464 shares in the company, valued at $4,544,352. This represents a 37.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 927,125 shares of company stock valued at $18,663,597. Company insiders own 1.90% of the company’s stock.

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.