BI Asset Management Fondsmaeglerselskab A S Has $7.10 Million Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 37.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 671,771 shares of the company's stock after selling 394,152 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Warner Bros. Discovery were worth $7,101,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Colonial Trust Advisors increased its holdings in Warner Bros. Discovery by 71.8% in the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock valued at $25,000 after buying an additional 996 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. increased its stake in Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock valued at $27,000 after acquiring an additional 1,940 shares during the period. Graney & King LLC acquired a new position in Warner Bros. Discovery in the fourth quarter worth about $28,000. Finally, Ethos Financial Group LLC bought a new position in Warner Bros. Discovery during the fourth quarter worth about $29,000. Institutional investors own 59.95% of the company's stock.

Insider Buying and Selling

In other news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $11.41 per share, with a total value of $197,917.86. Following the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently 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 for the company in a research report on Thursday, April 17th. Barclays cut their price objective on Warner Bros. Discovery from $12.00 to $7.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Benchmark reaffirmed a "buy" rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Barrington Research reissued an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. Finally, Citigroup upped their price objective on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.01.

Warner Bros. Discovery Stock Up 2.0 %

NASDAQ WBD traded up $0.17 on Thursday, reaching $8.50. The company had a trading volume of 30,060,822 shares, compared to its average volume of 32,896,503. The company's fifty day moving average is $9.89 and its 200-day moving average is $9.74. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70. The firm has a market capitalization of $20.87 billion, a price-to-earnings ratio of -1.86, a price-to-earnings-growth ratio of 8.64 and a beta of 1.43. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its 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). The firm had revenue of $10.03 billion during the quarter, compared to the consensus estimate of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. On average, research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal 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.