Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC decreased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 41.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,315 shares of the company's stock after selling 35,746 shares during the period. Advisory Services Network LLC's holdings in Warner Bros. Discovery were worth $542,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WBD. Bank of Nova Scotia grew its holdings in shares of Warner Bros. Discovery by 3.5% in the fourth quarter. Bank of Nova Scotia now owns 301,335 shares of the company's stock worth $3,185,000 after purchasing an additional 10,315 shares during the last quarter. Cerity Partners LLC raised its holdings in Warner Bros. Discovery by 17.2% in the fourth quarter. Cerity Partners LLC now owns 246,205 shares of the company's stock worth $2,602,000 after purchasing an additional 36,101 shares in the last quarter. FMR LLC boosted its stake in Warner Bros. Discovery by 478.5% during the fourth quarter. FMR LLC now owns 14,278,600 shares of the company's stock worth $150,925,000 after acquiring an additional 11,810,191 shares in the last quarter. Federated Hermes Inc. increased its position in Warner Bros. Discovery by 5.2% during the 4th quarter. Federated Hermes Inc. now owns 32,118 shares of the company's stock valued at $339,000 after buying an additional 1,598 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in shares of Warner Bros. Discovery by 150.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,979 shares of the company's stock worth $53,000 after purchasing an additional 2,989 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Wells Fargo & Company cut their target price on Warner Bros. Discovery from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Thursday. Raymond James lowered their price objective on Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Citigroup raised their price target on Warner Bros. Discovery from $13.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Rosenblatt Securities restated a "neutral" rating and set a $13.00 target price on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Finally, KeyCorp decreased their price target on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $11.76.

Insider Buying and Selling

In other news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $11.41 per share, with a total value of $197,917.86. Following the purchase, the director now owns 159,932 shares in the company, valued at $1,824,824.12. This trade represents a 12.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Warner Bros. Discovery Stock Up 2.4 %

WBD stock traded up $0.19 during trading on Friday, hitting $8.11. 31,292,791 shares of the company's stock traded hands, compared to its average volume of 32,671,448. The firm has a market capitalization of $19.91 billion, a P/E ratio of -1.77, a PEG ratio of 8.64 and a beta of 1.43. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 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. The business has a fifty day simple moving average of $10.04 and a two-hundred day simple moving average of $9.74.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.30). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company had revenue of $10.03 billion during the quarter, compared to the consensus estimate of $10.16 billion. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

About Warner Bros. Discovery

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.