83,531 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Purchased by Global Endowment Management LP

Global Endowment Management LP bought a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the fourth quarter, Holdings Channel reports. The firm bought 83,531 shares of the company’s stock, valued at approximately $883,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Colonial Trust Advisors grew its holdings in shares of Warner Bros. Discovery by 71.8% in the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock valued at $25,000 after purchasing an additional 996 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Warner Bros. Discovery in the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. grew its stake in shares of Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock worth $27,000 after acquiring an additional 1,940 shares in the last quarter. Graney & King LLC purchased a new stake in shares of Warner Bros. Discovery during the fourth quarter worth $28,000. Finally, Ethos Financial Group LLC acquired a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at $29,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $11.41 per share, with a total value of $197,917.86. Following the purchase, the director now owns 159,932 shares of the company’s stock, valued at $1,824,824.12. This represents a 12.17 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by company insiders.

Warner Bros. Discovery Price Performance

WBD stock opened at $7.92 on Thursday. 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 company has a market capitalization of $19.44 billion, a P/E ratio of -1.73, a PEG ratio of 8.64 and a beta of 1.43. The business has a 50 day simple moving average of $10.08 and a 200-day simple moving average of $9.74. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70.

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

Analysts Set New Price Targets

WBD has been the subject of several analyst reports. KeyCorp lowered their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Monday. The Goldman Sachs Group boosted their price objective on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. Rosenblatt Securities reiterated a “neutral” rating and set a $13.00 price target on shares of Warner Bros. Discovery in a report on Friday, March 7th. Finally, Benchmark reissued a “buy” rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.66.

Warner Bros. Discovery Company 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.