Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,581,662 shares of the company's stock after selling 165,623 shares during the quarter. Thrivent Financial for Lutherans owned about 0.19% of Warner Bros. Discovery worth $48,413,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WBD. OneDigital Investment Advisors LLC increased its position in Warner Bros. Discovery by 40.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 63,850 shares of the company's stock worth $527,000 after purchasing an additional 18,404 shares in the last quarter. Empowered Funds LLC increased its position in shares of Warner Bros. Discovery by 5.2% in the third quarter. Empowered Funds LLC now owns 58,354 shares of the company's stock worth $481,000 after acquiring an additional 2,901 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Warner Bros. Discovery by 22.7% in the 3rd quarter. Natixis Advisors LLC now owns 280,982 shares of the company's stock valued at $2,318,000 after acquiring an additional 52,051 shares during the period. Swiss National Bank raised its stake in shares of Warner Bros. Discovery by 0.7% in the 3rd quarter. Swiss National Bank now owns 6,909,427 shares of the company's stock valued at $57,003,000 after acquiring an additional 47,300 shares during the period. Finally, Quest Partners LLC boosted its position in Warner Bros. Discovery by 173.7% during the 3rd quarter. Quest Partners LLC now owns 44,284 shares of the company's stock worth $365,000 after purchasing an additional 28,104 shares during the period. Institutional investors and hedge funds own 59.95% of the company's stock.

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Warner Bros. Discovery Stock Performance

Shares of Warner Bros. Discovery stock traded up $0.23 during trading hours on Monday, reaching $10.97. The company's stock had a trading volume of 43,659,532 shares, compared to its average volume of 30,449,724. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The company's 50 day simple moving average is $10.40 and its 200 day simple moving average is $9.59. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $26.93 billion, a P/E ratio of -2.40, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings data 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). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $10.03 billion for the quarter, compared to analyst estimates of $10.16 billion. As a group, analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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 acquisition, the director now directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WBD. Benchmark reiterated a "buy" rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Rosenblatt Securities reiterated a "neutral" rating and issued a $13.00 target price on shares of Warner Bros. Discovery in a research note on Friday, March 7th. KeyCorp upped their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. Barrington Research reissued an "outperform" rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, March 5th. Finally, Guggenheim upped their target price 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. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $11.91.

About Warner Bros. Discovery

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.