Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Clifford Capital Partners LLC

Clifford Capital Partners LLC decreased its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,918,563 shares of the company's stock after selling 65,329 shares during the period. Warner Bros. Discovery comprises 3.2% of Clifford Capital Partners LLC's portfolio, making the stock its 16th largest holding. Clifford Capital Partners LLC owned about 0.08% of Warner Bros. Discovery worth $15,828,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management increased its stake in Warner Bros. Discovery by 45.9% in the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company's stock worth $27,000 after buying an additional 1,221 shares in the last quarter. Commerce Bank grew its position in shares of Warner Bros. Discovery by 2.4% during the third quarter. Commerce Bank now owns 55,963 shares of the company's stock worth $462,000 after purchasing an additional 1,286 shares in the last quarter. GAM Holding AG raised its stake in Warner Bros. Discovery by 0.3% during the 3rd quarter. GAM Holding AG now owns 457,685 shares of the company's stock valued at $3,776,000 after purchasing an additional 1,437 shares during the period. Waldron Private Wealth LLC boosted its stake in Warner Bros. Discovery by 5.4% in the 3rd quarter. Waldron Private Wealth LLC now owns 28,348 shares of the company's stock worth $234,000 after purchasing an additional 1,461 shares during the period. Finally, PFG Investments LLC grew its holdings in Warner Bros. Discovery by 1.4% during the 3rd quarter. PFG Investments LLC now owns 112,307 shares of the company's stock valued at $927,000 after buying an additional 1,517 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. TD Cowen dropped their target price on Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Rosenblatt Securities reissued a "neutral" rating and issued a $9.00 target price on shares of Warner Bros. Discovery in a research note on Friday, September 13th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Warner Bros. Discovery from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Raymond James raised 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 note on Friday, November 8th. Finally, Barclays upped their target price on Warner Bros. Discovery from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $10.55.

Warner Bros. Discovery Trading Up 2.7 %

NASDAQ:WBD traded up $0.27 during trading hours on Wednesday, hitting $10.38. The company had a trading volume of 26,054,199 shares, compared to its average volume of 29,510,301. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The company has a market cap of $25.46 billion, a P/E ratio of -2.21 and a beta of 1.48. The company has a 50-day moving average of $8.41 and a 200 day moving average of $7.98. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $9.79 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.17) EPS. Sell-side analysts expect that Warner Bros. Discovery, Inc. will post -4.37 earnings per share 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.