Warner Bros. Discovery, Inc. (NASDAQ:WBD) Position Trimmed by Arnhold LLC

Arnhold LLC trimmed its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 22.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,106 shares of the company's stock after selling 34,227 shares during the period. Arnhold LLC's holdings in Warner Bros. Discovery were worth $1,238,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barrington Research reaffirmed an "outperform" rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. Benchmark reaffirmed a "buy" rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Raymond James decreased their price objective on Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Citigroup increased their price objective on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, KeyCorp reduced their price objective on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Warner Bros. Discovery currently has an average rating of "Moderate Buy" and an average price target of $12.01.

Warner Bros. Discovery Trading Up 1.1 %

Warner Bros. Discovery stock traded up $0.09 during trading on Friday, reaching $8.59. 24,510,405 shares of the company were exchanged, compared to its average volume of 32,999,193. The stock's 50 day simple moving average is $9.81 and its two-hundred day simple moving average is $9.78. The company has a market capitalization of $21.09 billion, a P/E ratio of -1.88, a PEG 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, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70.

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

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $11.41 per share, with a total value of $197,917.86. Following the purchase, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. The trade was a 12.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company's stock.

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.