Warner Bros. Discovery, Inc. $WBD Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 38.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 639,637 shares of the company’s stock after purchasing an additional 176,274 shares during the period. Natixis Advisors LLC’s holdings in Warner Bros. Discovery were worth $12,492,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Concord Wealth Partners increased its position in Warner Bros. Discovery by 49.9% during the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares during the period. Physician Wealth Advisors Inc. raised its stake in shares of Warner Bros. Discovery by 152.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after buying an additional 847 shares in the last quarter. Grove Bank & Trust lifted its holdings in shares of Warner Bros. Discovery by 66.5% in the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after buying an additional 675 shares during the period. Crews Bank & Trust boosted its stake in shares of Warner Bros. Discovery by 1,242.2% in the third quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock valued at $34,000 after buying an additional 1,590 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Warner Bros. Discovery by 183.9% in the third quarter. Meeder Asset Management Inc. now owns 1,891 shares of the company’s stock valued at $37,000 after buying an additional 1,225 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Insider Activity

In related news, insider Priya Aiyar sold 223,512 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $28.24, for a total value of $6,311,978.88. Following the completion of the transaction, the insider owned 919,252 shares of the company’s stock, valued at approximately $25,959,676.48. The trade was a 19.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gerhard Zeiler sold 600,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total transaction of $16,812,000.00. Following the completion of the transaction, the insider owned 672,649 shares in the company, valued at approximately $18,847,624.98. This trade represents a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,571,827 shares of company stock worth $213,302,225 in the last quarter. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

WBD has been the subject of several research analyst reports. Benchmark reiterated a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Raymond James Financial reaffirmed an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Morgan Stanley set a $29.00 price target on shares of Warner Bros. Discovery in a report on Thursday, December 18th. Huber Research cut shares of Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 27th. Finally, Wells Fargo & Company assumed coverage on shares of Warner Bros. Discovery in a report on Monday. They set an “equal weight” rating and a $31.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.30.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $27.44 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.06. The business’s fifty day moving average price is $28.18 and its two-hundred day moving average price is $23.67. The stock has a market cap of $68.00 billion, a PE ratio of 94.63 and a beta of 1.60. Warner Bros. Discovery, Inc. has a one year low of $7.52 and a one year high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The company had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. During the same period last year, the firm earned ($0.20) earnings per share. The business’s revenue was down 5.7% compared to the same quarter last year. On average, analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

About Warner Bros. Discovery

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.