Natixis Advisors LLC Has $27.98 Million Position in Warner Bros. Discovery, Inc. $WBD

Natixis Advisors LLC grew its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 51.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 970,936 shares of the company’s stock after purchasing an additional 331,299 shares during the period. Natixis Advisors LLC’s holdings in Warner Bros. Discovery were worth $27,982,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in WBD. Norges Bank acquired a new position in shares of Warner Bros. Discovery during the fourth quarter valued at about $1,123,807,000. Vanguard Group Inc. raised its position in shares of Warner Bros. Discovery by 7.1% during the third quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock valued at $5,492,112,000 after buying an additional 18,736,600 shares during the last quarter. Jericho Capital Asset Management L.P. raised its position in shares of Warner Bros. Discovery by 108.9% during the third quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock valued at $685,413,000 after buying an additional 18,291,865 shares during the last quarter. Duquesne Family Office LLC acquired a new position in shares of Warner Bros. Discovery during the second quarter valued at about $74,916,000. Finally, Amundi raised its position in shares of Warner Bros. Discovery by 59.6% during the third quarter. Amundi now owns 15,523,538 shares of the company’s stock valued at $296,189,000 after buying an additional 5,798,592 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

NASDAQ WBD opened at $27.00 on Friday. The stock has a market cap of $67.69 billion, a P/E ratio of -38.57 and a beta of 1.54. The company’s 50-day simple moving average is $27.20 and its 200 day simple moving average is $27.41. Warner Bros. Discovery, Inc. has a twelve month low of $9.11 and a twelve month high of $30.00. 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 (NASDAQ:WBD) last posted its earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 4.67% and a negative return on equity of 4.77%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.18) EPS. As a group, research analysts forecast that Warner Bros. Discovery, Inc. will post -0.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WBD has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of Warner Bros. Discovery in a research report on Monday, March 9th. They set an “equal weight” rating and a $31.00 price objective for the company. Weiss Ratings lowered shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Moffett Nathanson raised shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Guggenheim reaffirmed a “neutral” rating on shares of Warner Bros. Discovery in a research report on Thursday, May 7th. Finally, TD Cowen upped their target price on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery presently has an average rating of “Hold” and a consensus price target of $27.04.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Fazal F. Merchant sold 35,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $27.48, for a total transaction of $961,800.00. Following the sale, the director directly owned 95,539 shares of the company’s stock, valued at approximately $2,625,411.72. This represents a 26.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce Campbell sold 41,784 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $27.82, for a total transaction of $1,162,430.88. Following the sale, the insider directly owned 604,666 shares in the company, valued at $16,821,808.12. This represents a 6.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 676,784 shares of company stock valued at $18,534,231 over the last quarter. 1.90% of the stock is owned by company insiders.

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.