Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Position in Warner Bros. Discovery, Inc. $WBD

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 68.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 623,285 shares of the company’s stock after buying an additional 253,685 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Warner Bros. Discovery were worth $17,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Swiss RE Ltd. bought a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $26,000. Fideuram Asset Management Ireland dac purchased a new position in Warner Bros. Discovery in the fourth quarter worth about $29,000. MV Capital Management Inc. bought a new position in Warner Bros. Discovery in the fourth quarter worth approximately $30,000. Rakuten Securities Inc. lifted its holdings in Warner Bros. Discovery by 81.5% during the fourth quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock valued at $33,000 after purchasing an additional 521 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $33,000. Institutional investors own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WBD. Guggenheim reissued a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. Weiss Ratings cut Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Wells Fargo & Company assumed coverage on Warner Bros. Discovery in a research report on Monday, March 9th. They set an “equal weight” rating and a $31.00 price target on the stock. UBS Group upped their target price on Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Moffett Nathanson upgraded Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.04.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $26.48 on Friday. The business’s 50-day moving average price is $26.91 and its 200 day moving average price is $27.63. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.92. The firm has a market cap of $66.39 billion, a price-to-earnings ratio of -37.83 and a beta of 1.54. Warner Bros. Discovery, Inc. has a 52 week low of $10.76 and a 52 week high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The company had revenue of $8.89 billion during the quarter, compared to analysts’ expectations of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.18) EPS. As a group, sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -1.07 earnings per share for the current year.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.