Chevy Chase Trust Holdings LLC lowered its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,172,768 shares of the company's stock after selling 29,641 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Warner Bros. Discovery were worth $12,396,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new position in Warner Bros. Discovery in the 4th quarter worth $33,000. New Wave Wealth Advisors LLC purchased a new position in Warner Bros. Discovery in the 4th quarter worth $37,000. Rosenberg Matthew Hamilton raised its position in Warner Bros. Discovery by 448.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company's stock worth $48,000 after purchasing an additional 3,743 shares during the period. Finally, Larson Financial Group LLC raised its position in Warner Bros. Discovery by 54.1% in the 3rd 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 period. Hedge funds and other institutional investors own 59.95% of the company's stock.
Warner Bros. Discovery Stock Up 1.4 %
NASDAQ:WBD traded up $0.15 during mid-day trading on Thursday, hitting $11.04. 29,516,781 shares of the company's stock were exchanged, compared to its average volume of 26,380,203. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The business has a fifty day moving average price of $10.39 and a 200 day moving average price of $9.09. The company has a market cap of $27.08 billion, a PE ratio of -2.41, a P/E/G ratio of 8.31 and a beta of 1.49.
Insiders Place Their Bets
In other news, insider Savalle Sims sold 169,436 shares of the business'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 transaction of $2,094,228.96. Following the completion of the transaction, the insider now directly owns 599,317 shares of the company's stock, valued at $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on WBD shares. Guggenheim lifted their target price on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Barrington Research reiterated an "outperform" rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a research report on Friday, December 13th. The Goldman Sachs Group lifted their target price on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Macquarie lifted their target price on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, KeyCorp raised their price target on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.76.
View Our Latest Stock Analysis on Warner Bros. Discovery
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.
Featured Articles
Before you consider Warner Bros. Discovery, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Warner Bros. Discovery wasn't on the list.
While Warner Bros. Discovery currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
