Entropy Technologies LP Sells 116,057 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Entropy Technologies LP lessened its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 41.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,031 shares of the company's stock after selling 116,057 shares during the period. Entropy Technologies LP's holdings in Warner Bros. Discovery were worth $1,734,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Sugar Maple Asset Management LLC bought a new stake in Warner Bros. Discovery in the 4th quarter valued at approximately $33,000. New Wave Wealth Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the 4th quarter worth approximately $37,000. Larson Financial Group LLC increased its holdings 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 acquiring an additional 1,754 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in Warner Bros. Discovery by 448.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company's stock valued at $48,000 after purchasing an additional 3,743 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Warner Bros. Discovery in the 3rd quarter valued at $51,000. Institutional investors own 59.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Rosenblatt Securities upped their target price on Warner Bros. Discovery from $9.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Barclays upped their price objective on Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Raymond James upped their price objective on Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Wolfe Research upgraded Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a research report on Monday, November 11th. Finally, Moffett Nathanson upgraded Warner Bros. Discovery from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $9.00 to $13.00 in a research report on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Warner Bros. Discovery currently has an average rating of "Moderate Buy" and a consensus target price of $11.76.

Warner Bros. Discovery Trading Up 3.9 %

Shares of WBD stock traded up $0.38 on Thursday, hitting $10.20. The company had a trading volume of 28,203,695 shares, compared to its average volume of 25,851,551. The stock's 50-day moving average is $10.41 and its two-hundred day moving average is $9.02. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. The firm has a market cap of $25.02 billion, a P/E ratio of -2.23, a P/E/G ratio of 7.98 and a beta of 1.49. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

Insider Buying and Selling

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 599,317 shares in the company, valued at approximately $7,407,558.12. This represents a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.

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.