Oddo BHF Asset Management Sas Invests $18.73 Million in Warner Bros. Discovery, Inc. $WBD

Oddo BHF Asset Management Sas bought a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 650,000 shares of the company’s stock, valued at approximately $18,733,000.

A number of other hedge funds have also modified their holdings of WBD. Private Advisory Group LLC acquired a new stake in Warner Bros. Discovery during the 4th quarter valued at $3,438,000. Hauser Brothers GmbH increased its holdings in Warner Bros. Discovery by 19.8% during the 3rd quarter. Hauser Brothers GmbH now owns 2,877,000 shares of the company’s stock valued at $56,188,000 after purchasing an additional 476,000 shares in the last quarter. US Bancorp DE increased its holdings in Warner Bros. Discovery by 32.7% during the 3rd quarter. US Bancorp DE now owns 175,293 shares of the company’s stock valued at $3,423,000 after purchasing an additional 43,240 shares in the last quarter. Triad Investment Management acquired a new stake in Warner Bros. Discovery during the 4th quarter valued at $9,383,000. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in Warner Bros. Discovery by 4.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 916,705 shares of the company’s stock valued at $26,419,000 after purchasing an additional 38,105 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Price Performance

NASDAQ:WBD opened at $26.83 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73. The stock’s 50-day simple moving average is $27.11 and its 200 day simple moving average is $27.59. The company has a market cap of $67.27 billion, a P/E ratio of -38.33 and a beta of 1.54. Warner Bros. Discovery, Inc. has a 52-week low of $10.04 and a 52-week high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last released 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 company had revenue of $8.89 billion during the quarter, compared to analyst estimates of $8.89 billion. Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. Warner Bros. Discovery’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.18) EPS. As a group, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current fiscal year.

Analyst Ratings Changes

WBD has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered Warner Bros. Discovery from a “buy” rating to a “hold” rating and increased their price objective for the company from $29.50 to $31.00 in a research report on Friday, February 27th. Raymond James Financial reiterated an “underperform” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Weiss Ratings lowered Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Sanford C. Bernstein raised their price target on Warner Bros. Discovery from $23.50 to $27.75 and gave the stock a “market perform” rating in a research report on Tuesday, February 24th. Finally, TD Cowen raised their price target on Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.04.

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.