Access Investment Management LLC Invests $228,000 in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Access Investment Management LLC purchased a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,000 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Fortis Group Advisors LLC acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at $25,000. Pacifica Partners Inc. boosted its holdings in Warner Bros. Discovery by 118.2% in the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after acquiring an additional 1,345 shares during the last quarter. Peoples Bank KS acquired a new stake in Warner Bros. Discovery in the third quarter worth about $27,000. Milestone Investment Advisors LLC bought a new stake in Warner Bros. Discovery during the 3rd quarter worth about $28,000. Finally, Headinvest LLC acquired a new position in Warner Bros. Discovery during the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WBD. Macquarie dropped their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, January 22nd. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday. Wolfe Research cut Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective for the company. in a research note on Tuesday, April 23rd. Sanford C. Bernstein cut their target price on Warner Bros. Discovery from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company lowered Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $16.00 to $12.00 in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to data from, the company has an average rating of “Moderate Buy” and a consensus target price of $13.32.

Check Out Our Latest Report on Warner Bros. Discovery

Warner Bros. Discovery Trading Up 1.4 %

NASDAQ WBD traded up $0.11 on Friday, reaching $8.15. The company had a trading volume of 35,600,500 shares, compared to its average volume of 30,685,270. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.82 and a quick ratio of 0.93. The company’s fifty day moving average is $8.38 and its 200-day moving average is $9.79. Warner Bros. Discovery, Inc. has a 1-year low of $7.34 and a 1-year high of $14.76.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The firm had revenue of $9.96 billion during the quarter, compared to the consensus estimate of $10.22 billion. Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The company’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS. Research analysts forecast that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current fiscal year.

Warner Bros. Discovery Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding WBD? Visit to get the latest 13F filings and insider trades for Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report).

Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

Receive News & Ratings for Warner Bros. Discovery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warner Bros. Discovery and related companies with's FREE daily email newsletter.