Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Diversified Investment Strategies LLC

Diversified Investment Strategies LLC decreased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 421,495 shares of the company's stock after selling 54,575 shares during the period. Warner Bros. Discovery accounts for 2.9% of Diversified Investment Strategies LLC's investment portfolio, making the stock its 13th biggest holding. Diversified Investment Strategies LLC's holdings in Warner Bros. Discovery were worth $4,455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sugar Maple Asset Management LLC bought a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at about $33,000. Future Financial Wealth Managment LLC purchased a new stake in Warner Bros. Discovery in the third quarter valued at approximately $41,000. Larson Financial Group LLC lifted its position in Warner Bros. Discovery by 54.1% during the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company's stock valued at $41,000 after purchasing an additional 1,754 shares during the last quarter. Quarry LP grew its stake in Warner Bros. Discovery by 2,185.1% in the 2nd quarter. Quarry LP now owns 6,307 shares of the company's stock worth $47,000 after buying an additional 6,031 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings in shares of 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 buying an additional 3,743 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company's stock.

Insider Transactions at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the stock in a transaction dated 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 sale, the insider now directly owns 599,317 shares of the company's stock, valued at $7,407,558.12. This represents a 22.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Raymond James raised their price target on Warner Bros. Discovery from $11.00 to $12.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Macquarie upped their target price on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Guggenheim increased their target price on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a "buy" rating in a report on Thursday, December 12th. Wolfe Research raised shares of Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a research note on Monday, November 11th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Warner Bros. Discovery in a report on Thursday, October 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. Based on data from MarketBeat, Warner Bros. Discovery has a consensus rating of "Moderate Buy" and an average target price of $11.76.

Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock traded up $0.18 on Wednesday, hitting $10.43. 22,590,533 shares of the company traded hands, compared to its average volume of 26,414,936. The stock has a market capitalization of $25.59 billion, a P/E ratio of -2.28, a price-to-earnings-growth ratio of 6.12 and a beta of 1.50. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The business has a 50-day simple moving average of $10.46 and a 200 day simple moving average of $8.89. 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 issued its earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.79 billion. During the same period in the prior year, the firm earned ($0.17) EPS. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. Research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Warner Bros. Discovery 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.