Natixis Advisors LLC Increases Stake in Warner Bros. Discovery, Inc.

Natixis Advisors LLC has recently boosted its investment in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by acquiring an additional 10,024 shares during the fourth quarter. This acquisition represents a 3.6% increase in their holdings, bringing their total ownership to 291,006 shares. As of the latest filing with the Securities and Exchange Commission (SEC), the total value of Natixis Advisors’ investment in Warner Bros. Discovery was approximately $3,076,000.

In addition to Natixis Advisors, other institutional investors have also been active in adjusting their positions in Warner Bros. Discovery. For instance, Stonebridge Financial Group LLC entered into a new stake valued at around $26,000 during the fourth quarter. SRS Capital Advisors Inc. significantly expanded its position by 313.4%, increasing its holdings to 2,559 shares after adding 1,940 shares in the same period, valued at approximately $27,000. Other notable investments included Ethos Financial Group LLC’s new stake worth around $29,000 and Briaud Financial Planning Inc.’s increase of 258.1% to 2,775 shares, also valued around $29,000. Furthermore, Sugar Maple Asset Management LLC established a new position estimated at $33,000. It is noteworthy that institutional investors collectively own about 59.95% of the company's stock.

Current Stock Performance of Warner Bros. Discovery

As of the last market opening, shares of Warner Bros. Discovery traded at $10.74, reflecting a slight increase of 0.8%. The company is characterized by a current ratio and a quick ratio both standing at 0.80, alongside a debt-to-equity ratio of 1.03. With a market capitalization of $26.36 billion, the company’s P/E ratio is reported at -2.34, and it has a price-to-earnings-growth ratio of 8.64, alongside a beta of 1.48. Over the past year, the stock has seen a low of $6.64 and a high of $12.70.

Warner Bros. Discovery's most recent earnings report, released on February 27, indicated a loss of ($0.20) per share, which fell short of the analyst consensus estimate of $0.10. The company's revenue for the quarter reached $10.03 billion, slightly below expectations of $10.16 billion. Furthermore, Warner Bros. Discovery recorded a negative return on equity of 27.56% and a net margin of -28.34%. Analysts predict that the company will post an earnings per share of -4.33 for the current fiscal year.

Insider Activity and Analyst Ratings

In other related news, insider activity has been notable as well. Director Piazza Samuel A. Jr. Di purchased 17,346 shares on March 3 at an average price of $11.41 per share, totaling approximately $197,917.86. Following this transaction, the director now holds 159,932 shares, which are valued at about $1,824,824.12, reflecting a 12.17% increase in ownership. Insiders currently own about 1.80% of Warner Bros. Discovery’s stock.

Analysis of Market Opinions

Equity analysts have recently revised their price targets for Warner Bros. Discovery shares. The Goldman Sachs Group increased their target from $9.50 to $10.75, maintaining a “neutral” rating. Barrington Research followed suit, reiterating an “outperform” rating with a target of $16.00. Meanwhile, Needham & Company LLC and Guggenheim also provided their assessments, with the latter raising the price target from $11.00 to $12.50 and maintaining a “buy” rating. KeyCorp also adjusted their price target upward from $11.00 to $14.00 and assigned an “overweight” rating. Currently, of the analysts covering the stock, ten have rated it as a hold, while eleven have issued a buy recommendation, resulting in a consensus rating of “Moderate Buy” with an average target price of $11.91.

About Warner Bros. Discovery

(Free Report) Warner Bros. Discovery, Inc. operates as a media and entertainment company globally, divided into segments including Studios, Network, and Direct-to-Consumer (DTC). Its Studios segment produces and releases feature films for theaters, licenses television programs, and offers streaming services along with distribution across various platforms.

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