Gryphon Financial Partners LLC Has $11.37 Million Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Gryphon Financial Partners LLC lowered its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,075,927 shares of the company's stock after selling 36,656 shares during the period. Warner Bros. Discovery makes up 1.6% of Gryphon Financial Partners LLC's portfolio, making the stock its 16th biggest position. Gryphon Financial Partners LLC's holdings in Warner Bros. Discovery were worth $11,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WBD. International Assets Investment Management LLC boosted its holdings in Warner Bros. Discovery by 629.4% during the third quarter. International Assets Investment Management LLC now owns 189,239 shares of the company's stock worth $1,561,000 after buying an additional 163,295 shares during the last quarter. abrdn plc boosted its holdings in Warner Bros. Discovery by 29.2% during the third quarter. abrdn plc now owns 778,372 shares of the company's stock worth $6,316,000 after buying an additional 175,895 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Warner Bros. Discovery by 17.4% during the third quarter. First Trust Direct Indexing L.P. now owns 46,058 shares of the company's stock worth $380,000 after buying an additional 6,826 shares during the last quarter. First Interstate Bank bought a new position in shares of Warner Bros. Discovery during the 3rd quarter valued at about $97,000. Finally, GFS Advisors LLC lifted its holdings in shares of Warner Bros. Discovery by 173.9% during the 3rd quarter. GFS Advisors LLC now owns 41,090 shares of the company's stock valued at $339,000 after purchasing an additional 26,090 shares in the last quarter. Institutional investors own 59.95% of the company's stock.

Insider Buying and Selling

In related news, insider Savalle Sims sold 169,436 shares of the company's stock in a transaction on Friday, December 13th. The stock was 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 directly owns 599,317 shares in the company, valued at $7,407,558.12. This represents a 22.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $11.41 per share, with a total value of $197,917.86. Following the completion of the transaction, the director now owns 159,932 shares in the company, valued at $1,824,824.12. The trade was a 12.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD traded up $0.11 during trading on Wednesday, reaching $11.43. 40,442,219 shares of the company traded hands, compared to its average volume of 30,004,672. The company's 50 day moving average is $10.36 and its two-hundred day moving average is $9.34. The firm has a market capitalization of $28.04 billion, a PE ratio of -2.50, a PEG ratio of 8.64 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 52 week low of $6.64 and a 52 week high of $12.70.

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 for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). The company had revenue of $10.03 billion for the quarter, compared to the consensus estimate of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. As a group, sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Moffett Nathanson upgraded Warner Bros. Discovery from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $9.00 to $13.00 in a report on Tuesday, January 21st. Barclays lifted their price objective on Warner Bros. Discovery from $10.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Benchmark reiterated a "buy" rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Macquarie lifted their price objective on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, Bank of America reiterated a "buy" rating and set a $14.00 price objective on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Warner Bros. Discovery has an average rating of "Moderate Buy" and a consensus target price of $11.91.

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.