13,047 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Purchased by Rothschild Investment LLC

Rothschild Investment LLC bought a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,047 shares of the company’s stock, valued at approximately $97,000.

Several other institutional investors have also recently made changes to their positions in WBD. Kestra Private Wealth Services LLC grew its position in shares of Warner Bros. Discovery by 3.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 37,182 shares of the company’s stock worth $423,000 after purchasing an additional 1,172 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Warner Bros. Discovery by 2.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,789,174 shares of the company’s stock valued at $20,361,000 after buying an additional 49,443 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new position in Warner Bros. Discovery during the 4th quarter valued at approximately $392,000. Natixis Advisors L.P. grew its holdings in Warner Bros. Discovery by 17.8% during the 4th quarter. Natixis Advisors L.P. now owns 616,320 shares of the company’s stock valued at $7,013,000 after buying an additional 93,161 shares in the last quarter. Finally, Sapient Capital LLC purchased a new position in Warner Bros. Discovery during the 4th quarter valued at approximately $130,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Down 6.1 %

Shares of NASDAQ WBD opened at $7.36 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $7.72 and a two-hundred day simple moving average of $8.07. The firm has a market cap of $18.03 billion, a PE ratio of -5.94 and a beta of 1.49. 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 issued its earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89). The firm had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $10.07 billion. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the firm earned ($0.51) earnings per share. Analysts expect that Warner Bros. Discovery, Inc. will post -3.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on WBD shares. The Goldman Sachs Group cut their price target on Warner Bros. Discovery from $8.50 to $7.50 and set a “neutral” rating for the company in a report on Thursday, August 8th. Barclays cut their price target on Warner Bros. Discovery from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Macquarie cut their price target on Warner Bros. Discovery from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Barrington Research reaffirmed an “outperform” rating and issued a $12.00 price objective on shares of Warner Bros. Discovery in a research note on Tuesday, July 23rd. Finally, Sanford C. Bernstein lowered Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $10.00 to $8.00 in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.25.

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.