Timber Creek Capital Management LLC Decreases Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Timber Creek Capital Management LLC lessened its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 376,920 shares of the company's stock after selling 46,718 shares during the quarter. Timber Creek Capital Management LLC's holdings in Warner Bros. Discovery were worth $3,984,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WBD. AMF Tjanstepension AB acquired a new position in Warner Bros. Discovery during the 3rd quarter valued at approximately $1,031,000. Creative Planning increased its stake in Warner Bros. Discovery by 14.1% during the 3rd quarter. Creative Planning now owns 357,699 shares of the company's stock valued at $2,951,000 after purchasing an additional 44,129 shares in the last quarter. Bleakley Financial Group LLC increased its stake in Warner Bros. Discovery by 48.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 20,795 shares of the company's stock valued at $172,000 after purchasing an additional 6,766 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Warner Bros. Discovery by 1.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 248,508 shares of the company's stock worth $2,050,000 after acquiring an additional 4,316 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Warner Bros. Discovery by 132.9% in the third quarter. Blue Trust Inc. now owns 15,449 shares of the company's stock worth $127,000 after acquiring an additional 8,815 shares during the period. Institutional investors own 59.95% of the company's stock.

Analysts Set New Price Targets

WBD has been the topic of a number of research reports. KeyCorp increased their price objective on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Bank of America reissued a "buy" rating and set a $14.00 price target on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Raymond James increased their price objective on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Barclays increased their price objective 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. Finally, The Goldman Sachs Group increased their target price on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of "Moderate Buy" and an average price target of $11.76.

Insider Transactions at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 599,317 shares in the company, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company's stock.

Warner Bros. Discovery Stock Up 1.4 %

Warner Bros. Discovery stock traded up $0.15 during trading on Thursday, reaching $11.04. The stock had a trading volume of 29,518,289 shares, compared to its average volume of 26,380,639. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The business has a 50 day moving average price of $10.36 and a 200 day moving average price of $9.10. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $27.08 billion, a PE ratio of -2.41, a P/E/G ratio of 8.31 and a beta of 1.49.

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.