Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 83.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,748 shares of the company's stock after selling 116,506 shares during the quarter. Greenleaf Trust's holdings in Warner Bros. Discovery were worth $251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sugar Maple Asset Management LLC acquired a new stake in shares of Warner Bros. Discovery during the fourth quarter worth about $33,000. New Wave Wealth Advisors LLC purchased a new position in Warner Bros. Discovery during the 4th quarter worth approximately $37,000. Future Financial Wealth Managment LLC acquired a new position in Warner Bros. Discovery during the third quarter worth approximately $41,000. Larson Financial Group LLC lifted its stake in Warner Bros. Discovery by 54.1% in the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company's stock valued at $41,000 after buying an additional 1,754 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in shares of Warner Bros. Discovery by 448.3% in the fourth quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company's stock valued at $48,000 after acquiring an additional 3,743 shares during the period. Institutional investors and hedge funds own 59.95% of the company's stock.

Analysts Set New Price Targets

WBD has been the subject of several research reports. Rosenblatt Securities upped their price target on shares of 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 target price on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. The Goldman Sachs Group raised their price target on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a "neutral" rating in a report on Thursday, December 19th. KeyCorp upped their price objective on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Finally, Moffett Nathanson upgraded Warner Bros. Discovery from a "neutral" rating to a "buy" rating and lifted their target price for the company from $9.00 to $13.00 in a research note on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Warner Bros. Discovery presently has a consensus 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 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 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 legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Warner Bros. Discovery Price Performance

WBD traded down $0.04 on Friday, hitting $10.16. 22,033,577 shares of the company were exchanged, compared to its average volume of 24,469,668. The business's fifty day moving average is $10.45 and its 200 day moving average is $8.98. The firm has a market capitalization of $24.92 billion, a P/E ratio of -2.22, a price-to-earnings-growth 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. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. The firm had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Warner Bros. Discovery's revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.17) earnings per share. As a group, sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

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.