Ingalls & Snyder LLC Boosts Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Ingalls & Snyder LLC increased its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 224.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,084 shares of the company's stock after acquiring an additional 93,392 shares during the quarter. Ingalls & Snyder LLC's holdings in Warner Bros. Discovery were worth $1,005,000 as of its most recent filing with the Securities & Exchange Commission.Get Warner Bros. Discovery alerts:Akamai: AI Tailwinds Drive Edge Computing and Security GrowthSeveral other large investors have also added to or reduced their stakes in the stock. Family Firm Inc. bought a new position in shares of Warner Bros. Discovery in the 2nd quarter worth approximately $26,000. Crewe Advisors LLC purchased a new position in Warner Bros. Discovery during the first quarter valued at $27,000. OFI Invest Asset Management boosted its holdings in shares of Warner Bros. Discovery by 45.9% during the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company's stock valued at $27,000 after buying an additional 1,221 shares in the last quarter. First Financial Corp IN grew its position in shares of Warner Bros. Discovery by 577.4% in the 1st quarter. First Financial Corp IN now owns 3,387 shares of the company's stock worth $30,000 after buying an additional 2,887 shares during the period. Finally, University of Texas Texas AM Investment Managment Co. bought a new position in shares of Warner Bros. Discovery in the 4th quarter worth about $33,000. Institutional investors own 59.95% of the company's stock. Wall Street Analysts Forecast GrowthSeveral equities research analysts recently commented on the stock. KeyCorp raised shares of Warner Bros. Discovery from a "sector weight" rating to an "overweight" rating and set a $11.00 price objective on the stock in a research note on Friday, May 10th. Barrington Research reissued an "outperform" rating and issued a $12.00 price target on shares of Warner Bros. Discovery in a research report on Tuesday, July 23rd. Barclays reduced their price objective on Warner Bros. Discovery from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Thursday, August 8th. TD Cowen dropped their target price on Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price target on Warner Bros. Discovery from $9.00 to $7.00 and set an "equal weight" rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Warner Bros. Discovery has a consensus rating of "Hold" and a consensus target price of $11.25.Buy, Sell, or Hold: What to Do with AMC Entertainment Stock?Get Our Latest Stock Analysis on Warner Bros. DiscoveryWarner Bros. Discovery Price PerformanceWarner Bros. Discovery stock traded up $0.11 during mid-day trading on Friday, hitting $7.84. The stock had a trading volume of 25,025,142 shares, compared to its average volume of 29,095,063. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $13.31. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $19.21 billion, a P/E ratio of -6.32 and a beta of 1.49. The firm's 50 day moving average is $7.71 and its 200 day moving average is $8.13. Is the Disney Stock Sell-Off a Prime Buying Opportunity?Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($4.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($3.89). Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The business had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $10.07 billion. During the same period last year, the company earned ($0.51) EPS. The business's revenue was down 6.2% on a year-over-year basis. On average, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -0.44 earnings per share for the current fiscal year. About Warner Bros. Discovery (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.Featured ArticlesFive stocks we like better than Warner Bros. DiscoveryWhat is the S&P 500 and How It is Distinct from Other IndexesBirkenstock’s Sudden Slide—Why It Might Be Your Next Big WinWhat Are Trending Stocks? Trending Stocks ExplainedWhy Dell Can Continue Winning in AI and BeyondHow to Find Undervalued StocksVeeva’s Stock Jumps on Stellar Q2 Results—Don’t Miss OutThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Ex-CIA Advisor: “This is How Kamala will Rig the Election” (From Paradigm Press) (Ad)Should you invest $1,000 in Warner Bros. Discovery right now?Before you consider Warner Bros. Discovery, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Warner Bros. Discovery wasn't on the list.While Warner Bros. Discovery currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here