Proficio Capital Partners LLC Buys New Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Proficio Capital Partners LLC acquired a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 75,100 shares of the company's stock, valued at approximately $794,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new stake in Warner Bros. Discovery in the fourth quarter worth about $26,000. SRS Capital Advisors Inc. raised its position in shares of Warner Bros. Discovery by 313.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after buying an additional 1,940 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter worth approximately $33,000. New Wave Wealth Advisors LLC bought a new position in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $37,000. Finally, Larson Financial Group LLC increased its stake in shares of 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 acquiring an additional 1,754 shares during the period. 59.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the purchase, the director now directly owns 159,932 shares in the company, valued at $1,824,824.12. This trade represents a 12.17 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company's stock.

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Warner Bros. Discovery Stock Up 0.5 %

NASDAQ:WBD traded up $0.05 during trading hours on Wednesday, reaching $11.03. The company's stock had a trading volume of 32,200,539 shares, compared to its average volume of 30,460,984. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The business's 50-day moving average is $10.45 and its 200-day moving average is $9.65. 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 company has a market cap of $27.08 billion, a price-to-earnings ratio of -2.41, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $10.03 billion for the quarter, compared to analyst estimates of $10.16 billion. Equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. Citigroup boosted their price target on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Guggenheim upped their price target 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Finally, Benchmark reissued a "buy" rating and set a $18.00 target price on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.91.

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.