This afternoon we watched Warner Bros. Discovery rise 5.2% to a price of $12.73 per share. The large-cap Cable Television company is now trading -38.09% below its average target price of $20.57. Analysts have set target prices ranging from $11.0 to $36.0 per share for Warner Bros. Discovery, and have given the stock an average rating of buy.
Warner Bros. Discovery's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.3%. The stock's short ratio is 4.23. The company's insiders own 9.21% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 60.1%. In conclusion, we believe there is positive market sentiment regarding Warner Bros. Discovery.
Institutions Invested in Warner Bros. Discovery
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 9% | 214,622,788 | $2,733,221,131 |
| 2023-03-31 | Blackrock Inc. | 7% | 163,397,029 | $2,080,861,108 |
| 2023-03-31 | State Street Corporation | 5% | 109,844,866 | $1,398,874,330 |
| 2023-03-31 | Harris Associates L.P. | 2% | 60,312,666 | $768,081,780 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 48,394,472 | $616,303,584 |
| 2023-03-31 | Newport Trust Co | 2% | 40,733,576 | $518,742,076 |
| 2023-03-31 | Baupost Group, Inc,.(The) LLC | 1% | 25,235,094 | $321,368,913 |
| 2023-03-31 | Northern Trust Corporation | 1% | 22,320,365 | $284,249,840 |
| 2023-03-31 | Hotchkis & Wiley Capital Management, LLC | 1% | 21,895,078 | $278,833,810 |
| 2023-03-31 | Sessa Capital IM, L.P. | 1% | 21,829,981 | $278,004,800 |
