Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by TSP Capital Management Group LLC

TSP Capital Management Group LLC decreased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 475,923 shares of the company's stock after selling 46,450 shares during the quarter. Warner Bros. Discovery accounts for approximately 1.7% of TSP Capital Management Group LLC's portfolio, making the stock its 22nd largest holding. TSP Capital Management Group LLC's holdings in Warner Bros. Discovery were worth $5,031,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new position in shares of Warner Bros. Discovery in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $33,000. New Wave Wealth Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the 4th quarter worth approximately $37,000. Larson Financial Group LLC raised its stake 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 buying an additional 1,754 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its position in shares of Warner Bros. Discovery by 448.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company's stock valued at $48,000 after buying an additional 3,743 shares in the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wolfe Research raised shares of Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a report on Monday, November 11th. Rosenblatt Securities boosted their target price on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. JPMorgan Chase & Co. raised their price target 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 boosted their price objective on Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Finally, Raymond James raised their target price on Warner Bros. Discovery from $11.00 to $12.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.76.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery 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 sale, the insider now owns 599,317 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Warner Bros. Discovery Trading Up 2.7 %

Shares of Warner Bros. Discovery stock traded up $0.28 during mid-day trading on Tuesday, hitting $10.62. The stock had a trading volume of 32,608,990 shares, compared to its average volume of 25,960,381. The firm has a 50-day moving average of $10.39 and a two-hundred day moving average of $9.06. The firm has a market cap of $26.05 billion, a P/E ratio of -2.32, a price-to-earnings-growth ratio of 7.98 and a beta of 1.49. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70.

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.