Aster Capital Management DIFC Ltd Buys 2,989 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Aster Capital Management DIFC Ltd grew its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 150.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,979 shares of the company’s stock after buying an additional 2,989 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Warner Bros. Discovery were worth $53,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Wedbush Securities Inc. lifted its stake in Warner Bros. Discovery by 12.1% in the 4th quarter. Wedbush Securities Inc. now owns 24,310 shares of the company’s stock worth $257,000 after purchasing an additional 2,620 shares in the last quarter. Aviva PLC boosted its position in Warner Bros. Discovery by 1,421.8% during the 4th quarter. Aviva PLC now owns 1,408,258 shares of the company’s stock valued at $14,885,000 after buying an additional 1,315,719 shares during the period. Cullen Capital Management LLC boosted its position in Warner Bros. Discovery by 12.1% during the 4th quarter. Cullen Capital Management LLC now owns 92,230 shares of the company’s stock valued at $975,000 after buying an additional 9,947 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter worth about $7,153,000. Finally, Prudential PLC lifted its position in shares of Warner Bros. Discovery by 31.1% in the 4th quarter. Prudential PLC now owns 135,163 shares of the company’s stock worth $1,429,000 after purchasing an additional 32,102 shares during the period. 59.95% of the stock is owned by institutional investors.

Insider Activity at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the stock in a transaction dated Monday, March 3rd. The stock was acquired at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the acquisition, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

Warner Bros. Discovery Trading Up 20.4 %

NASDAQ WBD opened at $9.26 on Thursday. The company’s 50-day moving average price is $10.29 and its 200-day moving average price is $9.76. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $22.73 billion, a PE ratio of -2.02, a PEG ratio of 8.64 and a beta of 1.43. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $10.16 billion. Equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on WBD shares. Guggenheim lifted their price target on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup raised their price objective on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Barrington Research restated an “outperform” rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, March 5th. JPMorgan Chase & Co. raised their price objective on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Finally, Bank of America restated a “buy” rating and set a $14.00 price objective on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.71.

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.