Leonteq Securities AG Has $871,000 Stock Holdings in Warner Bros. Discovery, Inc. $WBD

Leonteq Securities AG decreased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 51.6% during the 1st quarter, Holdings Channel reports. The firm owned 31,732 shares of the company’s stock after selling 33,889 shares during the quarter. Leonteq Securities AG’s holdings in Warner Bros. Discovery were worth $871,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in Warner Bros. Discovery in the fourth quarter worth approximately $1,123,807,000. Jericho Capital Asset Management L.P. boosted its holdings in shares of Warner Bros. Discovery by 108.9% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock worth $685,413,000 after buying an additional 18,291,865 shares in the last quarter. Duquesne Family Office LLC bought a new position in shares of Warner Bros. Discovery during the 2nd quarter worth approximately $74,916,000. Amundi grew its position in shares of Warner Bros. Discovery by 59.6% during the 3rd quarter. Amundi now owns 15,523,538 shares of the company’s stock worth $296,189,000 after buying an additional 5,798,592 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Warner Bros. Discovery during the 3rd quarter worth approximately $100,135,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. KeyCorp reiterated an “overweight” rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th. Seaport Research Partners upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a report on Monday. Weiss Ratings downgraded shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. UBS Group lifted their price target on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Guggenheim reissued a “neutral” rating on shares of Warner Bros. Discovery in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Warner Bros. Discovery presently has a consensus rating of “Hold” and a consensus price target of $27.04.

Warner Bros. Discovery Price Performance

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

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