Mutual Advisors LLC trimmed its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 29.6% during the 4th quarter, HoldingsChannel reports. The firm owned 25,192 shares of the company’s stock after selling 10,587 shares during the period. Mutual Advisors LLC’s holdings in Warner Bros. Discovery were worth $266,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at $33,000. Rosenberg Matthew Hamilton boosted its position in shares of Warner Bros. Discovery by 448.3% during the fourth quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock worth $48,000 after acquiring an additional 3,743 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Warner Bros. Discovery by 54.1% in the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock worth $41,000 after purchasing an additional 1,754 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Warner Bros. Discovery in the third quarter valued at $41,000. Finally, Tompkins Financial Corp lifted its holdings in shares of Warner Bros. Discovery by 50.8% in the 4th quarter. Tompkins Financial Corp now owns 5,285 shares of the company’s stock valued at $56,000 after acquiring an additional 1,780 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
WBD has been the subject of several recent analyst reports. Raymond James lifted their price objective on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Wolfe Research raised Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Barrington Research reaffirmed an “outperform” rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research report on Friday, December 13th. Rosenblatt Securities lifted their price target on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of “Moderate Buy” and an average price target of $11.76.
View Our Latest Analysis on WBD
Insider Buying and Selling at Warner Bros. Discovery
In other news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the transaction, the insider now owns 599,317 shares of the company’s stock, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.
Warner Bros. Discovery Price Performance
Warner Bros. Discovery stock opened at $10.25 on Wednesday. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The firm has a market capitalization of $25.14 billion, a price-to-earnings ratio of -2.24, a PEG ratio of 6.12 and a beta of 1.50. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a fifty day simple moving average of $10.45 and a 200-day simple moving average of $8.88.
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.79 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Warner Bros. Discovery’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business earned ($0.17) earnings per share. On average, equities analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS 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.
Further Reading
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