Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by MML Investors Services LLC

MML Investors Services LLC reduced its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,036 shares of the company's stock after selling 85,373 shares during the period. MML Investors Services LLC's holdings in Warner Bros. Discovery were worth $3,584,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MetLife Investment Management LLC raised its position in shares of Warner Bros. Discovery by 1.8% during the 4th quarter. MetLife Investment Management LLC now owns 594,288 shares of the company's stock worth $6,282,000 after purchasing an additional 10,679 shares during the period. Natixis grew its position in Warner Bros. Discovery by 145.1% in the 4th quarter. Natixis now owns 509,720 shares of the company's stock valued at $5,388,000 after buying an additional 301,724 shares in the last quarter. Ossiam increased its stake in shares of Warner Bros. Discovery by 176.5% during the fourth quarter. Ossiam now owns 30,316 shares of the company's stock valued at $320,000 after acquiring an additional 19,352 shares during the period. Norinchukin Bank The boosted its stake in Warner Bros. Discovery by 25.7% during the 4th quarter. Norinchukin Bank The now owns 177,265 shares of the company's stock valued at $1,874,000 after purchasing an additional 36,240 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Warner Bros. Discovery by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,844,495 shares of the company's stock valued at $82,906,000 after purchasing an additional 65,939 shares in the last quarter. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Trading Up 1.1 %

Warner Bros. Discovery stock opened at $8.59 on Friday. 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. The company's fifty day simple moving average is $9.81 and its 200-day simple moving average is $9.77. The stock has a market cap of $21.09 billion, a P/E ratio of -1.88, a P/E/G ratio of 8.64 and a beta of 1.43.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). The business 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%. As a group, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were bought 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 directly owns 159,932 shares in the company, valued at $1,824,824.12. This trade represents a 12.17 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

WBD has been the subject of several research analyst reports. KeyCorp cut their price objective on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Raymond James cut their price target on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. JPMorgan Chase & Co. increased their target price 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. Finally, Wells Fargo & Company decreased their price target on shares of Warner Bros. Discovery from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of "Moderate Buy" and an average price target of $12.01.

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.

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