Keybank National Association OH Has $1.22 Million Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Keybank National Association OH lifted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,207 shares of the company’s stock after buying an additional 2,378 shares during the period. Keybank National Association OH’s holdings in Warner Bros. Discovery were worth $1,218,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI boosted its position in shares of Warner Bros. Discovery by 16.2% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 17,943 shares of the company’s stock valued at $189,000 after buying an additional 2,502 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Warner Bros. Discovery by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,547,162 shares of the company’s stock valued at $174,904,000 after buying an additional 861,656 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Warner Bros. Discovery by 7.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 65,162 shares of the company’s stock valued at $689,000 after buying an additional 4,789 shares during the last quarter. Wernau Asset Management Inc. purchased a new position in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $202,000. Finally, Quintet Private Bank Europe S.A. boosted its position in shares of Warner Bros. Discovery by 26.6% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 321,921 shares of the company’s stock valued at $3,403,000 after buying an additional 67,600 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Insider Activity at Warner Bros. Discovery

In related news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the sale, the insider now directly owns 599,317 shares in the company, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Piazza Samuel A. Jr. Di bought 17,346 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $11.41 per share, with a total value of $197,917.86. Following the completion of the transaction, the director now owns 159,932 shares of the company’s stock, valued at $1,824,824.12. This represents a 12.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by corporate insiders.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $11.07 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The firm has a market cap of $27.16 billion, a price-to-earnings ratio of -2.42, a PEG ratio of 8.64 and a beta of 1.48. The business’s fifty day moving average is $10.38 and its 200 day moving average is $9.36.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $10.03 billion for the quarter, compared to the consensus estimate of $10.16 billion. Research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WBD. Benchmark reissued a “buy” rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Bank of America reissued a “buy” rating and issued a $14.00 price objective on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Wolfe Research raised Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Finally, KeyCorp boosted their price objective on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.91.

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.