CIBC Asset Management Inc Grows Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

CIBC Asset Management Inc grew its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 761,209 shares of the company's stock after buying an additional 26,184 shares during the period. CIBC Asset Management Inc's holdings in Warner Bros. Discovery were worth $8,046,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $33,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $37,000. Larson Financial Group LLC boosted its position in shares of Warner Bros. Discovery by 54.1% during 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. Finally, Rosenberg Matthew Hamilton boosted its position in shares of Warner Bros. Discovery by 448.3% during 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. Hedge funds and other institutional investors own 59.95% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Moffett Nathanson raised shares of Warner Bros. Discovery from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $9.00 to $13.00 in a research report on Tuesday, January 21st. Rosenblatt Securities increased their price objective on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Raymond James increased 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 report on Friday, November 8th. Guggenheim increased their price objective 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. Finally, KeyCorp increased their price objective on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a research 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $11.76.

Insider Activity at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the business's 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 of the company's stock, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company's stock.

Warner Bros. Discovery Stock Down 2.4 %

WBD traded down $0.27 on Friday, reaching $10.78. The company's stock had a trading volume of 24,770,281 shares, compared to its average volume of 26,291,697. The company has a market capitalization of $26.43 billion, a price-to-earnings ratio of -2.35, a P/E/G ratio of 8.52 and a beta of 1.49. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week 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 stock has a 50 day moving average of $10.36 and a two-hundred day moving average of $9.10.

Warner Bros. Discovery Company 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.