25,460 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Acquired by Rye Brook Capital LLC

Rye Brook Capital LLC acquired a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,460 shares of the company's stock, valued at approximately $269,000. Warner Bros. Discovery makes up approximately 0.3% of Rye Brook Capital LLC's investment portfolio, making the stock its 24th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new stake in Warner Bros. Discovery in the fourth quarter worth $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter worth about $33,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at about $37,000. Larson Financial Group LLC lifted its holdings in shares of Warner Bros. Discovery by 54.1% in the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company's stock valued at $41,000 after acquiring an additional 1,754 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its position in Warner Bros. Discovery by 448.3% in 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 in the last quarter. 59.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the sale, the insider now directly owns 599,317 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by company insiders.

Warner Bros. Discovery Stock Down 2.4 %

Shares of NASDAQ WBD traded down $0.26 during midday trading on Friday, reaching $10.78. 35,562,988 shares of the company's stock traded hands, compared to its average volume of 26,438,125. The company has a market cap of $26.45 billion, a price-to-earnings ratio of -2.35, a P/E/G ratio of 8.52 and a beta of 1.49. The stock's 50 day simple moving average is $10.36 and its 200-day simple moving average is $9.10. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

Analyst Upgrades and Downgrades

WBD has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price target on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Guggenheim raised their target price on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Thursday, December 12th. Bank of America reiterated a "buy" rating and set a $14.00 price target on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Barrington Research reissued an "outperform" rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, December 13th. Finally, Rosenblatt Securities upped their target price on Warner Bros. Discovery from $9.00 to $13.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $11.76.

Warner Bros. Discovery Profile

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.