Vontobel Holding Ltd. reduced its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 549,562 shares of the company's stock after selling 43,181 shares during the period. Vontobel Holding Ltd.'s holdings in Warner Bros. Discovery were worth $5,809,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of WBD. Stonebridge Financial Group LLC bought a new stake in Warner Bros. Discovery in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Warner Bros. Discovery in the 4th quarter valued at $33,000. New Wave Wealth Advisors LLC acquired a new position in shares of Warner Bros. Discovery in the 4th quarter valued at $37,000. Larson Financial Group LLC raised its stake in shares of Warner Bros. Discovery by 54.1% in the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company's stock valued at $41,000 after buying an additional 1,754 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its stake in shares of Warner Bros. Discovery by 448.3% in 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 institutional investors.
Warner Bros. Discovery Trading Up 2.5 %
Warner Bros. Discovery stock traded up $0.27 during midday trading on Wednesday, hitting $10.89. 36,220,947 shares of the stock were exchanged, compared to its average volume of 26,278,760. The company has a fifty day simple moving average of $10.39 and a two-hundred day simple moving average of $9.06. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The stock has a market capitalization of $26.72 billion, a PE ratio of -2.38, a P/E/G ratio of 8.09 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.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on WBD. Guggenheim increased their price objective on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday, December 12th. Rosenblatt Securities increased 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 report on Friday, December 13th. Wolfe Research upgraded shares of Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a research report on Monday, November 11th. Bank of America reiterated a "buy" rating and set a $14.00 target price on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $11.76.
Get Our Latest Research Report on Warner Bros. Discovery
Insider Buying and Selling
In related news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery 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 transaction, the insider now owns 599,317 shares of the company's stock, valued at $7,407,558.12. This trade represents a 22.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by insiders.
Warner Bros. Discovery Profile
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Free Report)
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.
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