Handelsbanken Fonder AB Buys 226,456 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Handelsbanken Fonder AB grew its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 62.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 589,484 shares of the company's stock after purchasing an additional 226,456 shares during the quarter. Handelsbanken Fonder AB's holdings in Warner Bros. Discovery were worth $6,231,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WBD. Stonebridge Financial Group LLC bought a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new stake in Warner Bros. Discovery in the 4th quarter worth about $33,000. New Wave Wealth Advisors LLC bought a new stake in Warner Bros. Discovery in the 4th quarter valued at about $37,000. Larson Financial Group LLC grew 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 in the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings in shares of Warner Bros. Discovery by 448.3% during the fourth 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. Institutional investors and hedge funds own 59.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WBD shares. Rosenblatt Securities boosted their price target on Warner Bros. Discovery from $9.00 to $13.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Moffett Nathanson upgraded Warner Bros. Discovery from a "neutral" rating to a "buy" rating and upped their target price for the company from $9.00 to $13.00 in a research report on Tuesday, January 21st. Guggenheim raised their price target on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Raymond James upped 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. Finally, Wolfe Research raised shares of Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a report on Monday, November 11th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $11.76.

Insider Transactions at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider now owns 599,317 shares of the company's stock, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company's stock.

Warner Bros. Discovery Price Performance

WBD stock traded down $0.40 during midday trading on Tuesday, reaching $10.69. 43,309,326 shares of the stock were exchanged, compared to its average volume of 27,736,633. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $26.22 billion, a PE ratio of -2.33, a P/E/G ratio of 8.64 and a beta of 1.49. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a fifty day moving average price of $10.31 and a 200 day moving average price of $9.19.

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.