Rockefeller Capital Management L.P. Sells 709,409 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Rockefeller Capital Management L.P. decreased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 43.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 913,475 shares of the company's stock after selling 709,409 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Warner Bros. Discovery were worth $9,654,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of WBD. Colonial Trust Advisors lifted its holdings in Warner Bros. Discovery by 71.8% in the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after buying an additional 996 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. grew its stake in Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after purchasing an additional 1,940 shares during the period. Graney & King LLC purchased a new position in Warner Bros. Discovery during the fourth quarter valued at $28,000. Finally, Ethos Financial Group LLC bought a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at $29,000. 59.95% of the stock is owned by institutional investors.

Insider Transactions at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the purchase, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.80% of the company's stock.

Warner Bros. Discovery Trading Down 3.0 %

Shares of Warner Bros. Discovery stock traded down $0.24 on Monday, reaching $7.87. The company had a trading volume of 15,169,859 shares, compared to its average volume of 32,630,646. The firm's 50-day moving average price is $10.01 and its two-hundred day moving average price is $9.76. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The firm has a market cap of $19.32 billion, a price-to-earnings ratio of -1.72, a P/E/G ratio of 8.64 and a beta of 1.43. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.30). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm had revenue of $10.03 billion during the quarter, compared to the consensus estimate of $10.16 billion. As a group, research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on WBD. JPMorgan Chase & Co. raised their target price on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Barclays lowered their price target on Warner Bros. Discovery from $12.00 to $7.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Moffett Nathanson raised Warner Bros. Discovery from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $9.00 to $13.00 in a report on Tuesday, January 21st. Finally, Raymond James lowered their price target on Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.76.

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.