Banco BTG Pactual S.A. Invests $4.17 Million in Warner Bros. Discovery, Inc. $WBD

Banco BTG Pactual S.A. bought a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 4th quarter, HoldingsChannel reports. The fund bought 144,828 shares of the company’s stock, valued at approximately $4,174,000.

Several other institutional investors and hedge funds have also made changes to their positions in WBD. Fideuram Asset Management Ireland dac acquired a new position in Warner Bros. Discovery in the fourth quarter valued at approximately $29,000. Rakuten Securities Inc. lifted its holdings in Warner Bros. Discovery by 81.5% in the fourth quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock valued at $33,000 after acquiring an additional 521 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Warner Bros. Discovery in the third quarter valued at approximately $33,000. TOWER TRUST & INVESTMENT Co lifted its holdings in Warner Bros. Discovery by 4,730.8% in the fourth quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock valued at $36,000 after acquiring an additional 1,230 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new position in Warner Bros. Discovery in the fourth quarter valued at approximately $44,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Warner Bros. Discovery news, Director Paul A. Gould sold 600,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $27.35, for a total value of $16,410,000.00. Following the sale, the director owned 244,357 shares of the company’s stock, valued at $6,683,163.95. The trade was a 71.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Fazal F. Merchant sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $27.48, for a total value of $961,800.00. Following the completion of the sale, the director directly owned 95,539 shares in the company, valued at approximately $2,625,411.72. The trade was a 26.81% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by insiders.

Warner Bros. Discovery Stock Up 2.4%

Shares of NASDAQ WBD opened at $26.86 on Friday. The firm has a market cap of $67.34 billion, a price-to-earnings ratio of -38.37 and a beta of 1.54. 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 52-week low of $9.98 and a 52-week high of $30.00. The business’s 50 day moving average is $27.13 and its two-hundred day moving average is $27.53.

Warner Bros. Discovery (NASDAQ:WBD) last announced 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). The firm had revenue of $8.89 billion during the quarter, compared to analysts’ expectations 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 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 firm earned ($0.18) EPS. Research analysts predict that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current year.

Analyst Upgrades and Downgrades

WBD has been the topic of a number of recent analyst reports. KeyCorp reiterated an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Guggenheim reiterated a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. Arete Research reiterated a “neutral” rating and issued a $31.25 price objective on shares of Warner Bros. Discovery in a report on Friday, February 27th. Sanford C. Bernstein upped their price objective on Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a report on Tuesday, February 24th. Finally, Rothschild & Co Redburn set a $31.00 price objective on Warner Bros. Discovery and gave the company a “neutral” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.04.

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.