M Holdings Securities Inc. bought a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,856 shares of the company’s stock, valued at approximately $424,000.
Other institutional investors have also recently made changes to their positions in the company. Boyar Asset Management Inc. purchased a new position in shares of Warner Bros. Discovery during the third quarter worth $1,370,000. Bessemer Group Inc. acquired a new stake in Warner Bros. Discovery during the third quarter valued at $385,000. SG Americas Securities LLC acquired a new stake in Warner Bros. Discovery during the third quarter valued at $2,938,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Warner Bros. Discovery during the third quarter valued at $67,859,000. Finally, Vontobel Holding Ltd. acquired a new stake in Warner Bros. Discovery during the third quarter valued at $1,073,000. Hedge funds and other institutional investors own 55.18% of the company’s stock.
Warner Bros. Discovery Price Performance
WBD stock opened at $13.57 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $32.98 billion, a P/E ratio of -5.18, a PEG ratio of 1.00 and a beta of 1.50. The business has a 50 day simple moving average of $14.34 and a 200-day simple moving average of $12.54. Warner Bros. Discovery, Inc. has a twelve month low of $8.82 and a twelve month high of $27.50.
Wall Street Analysts Forecast Growth
Warner Bros. Discovery Company Profile
Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.
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