Mizuho Markets Americas LLC Makes New Investment in Warner Bros. Discovery, Inc. $WBD

Mizuho Markets Americas LLC purchased a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the fourth quarter, Holdings Channel.com reports. The firm purchased 50,000 shares of the company’s stock, valued at approximately $1,441,000.

Several other large investors have also recently made changes to their positions in the business. Lloyd Advisory Services LLC. purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at $46,000. Empirical Asset Management LLC purchased a new position in Warner Bros. Discovery in the 4th quarter worth $217,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in Warner Bros. Discovery in the fourth quarter worth $249,000. Resolute Wealth Strategies LLC purchased a new stake in Warner Bros. Discovery during the fourth quarter valued at about $204,000. Finally, FourThought Financial Partners LLC purchased a new stake in Warner Bros. Discovery during the fourth quarter valued at about $218,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WBD shares. Moffett Nathanson upgraded Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Benchmark restated a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. Zacks Research lowered Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Raymond James Financial reaffirmed an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Finally, KeyCorp reiterated an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.36.

Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock opened at $27.03 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average of $27.26 and a 200-day moving average of $27.10. The firm has a market cap of $67.77 billion, a P/E ratio of -38.61 and a beta of 1.57. Warner Bros. Discovery, Inc. has a 1-year low of $8.84 and a 1-year high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The business had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) earnings per share. Sell-side analysts expect that Warner Bros. Discovery, Inc. will post -0.71 EPS for the current year.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Paul A. Gould sold 600,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $27.35, for a total transaction of $16,410,000.00. Following the transaction, the director directly owned 244,357 shares of the company’s stock, valued at approximately $6,683,163.95. The trade was a 71.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerhard Zeiler sold 600,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was 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 of the company’s stock, valued at $18,847,624.98. This trade represents a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,206,827 shares of company stock valued at $230,674,025 over the last 90 days. Company insiders own 1.90% of the company’s stock.

Warner Bros. Discovery Company Profile

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.