Tredje AP fonden Lowers Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Tredje AP fonden lessened its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 50.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 164,318 shares of the company's stock after selling 164,317 shares during the quarter. Tredje AP fonden's holdings in Warner Bros. Discovery were worth $1,737,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WBD. Stonebridge Financial Group LLC purchased a new stake in shares of Warner Bros. Discovery during the fourth quarter worth approximately $26,000. SRS Capital Advisors Inc. increased its stake in shares of Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after buying an additional 1,940 shares during the period. Ethos Financial Group LLC purchased a new stake in shares of Warner Bros. Discovery during the fourth quarter worth approximately $29,000. Briaud Financial Planning Inc increased its stake in Warner Bros. Discovery by 258.1% in the fourth quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company's stock valued at $29,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Sugar Maple Asset Management LLC purchased a new position in Warner Bros. Discovery in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 59.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. KeyCorp increased their price target on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Rosenblatt Securities reiterated a "neutral" rating and issued a $13.00 price target on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a "neutral" rating to a "buy" rating and increased their price target for the company from $9.00 to $13.00 in a research note on Tuesday, January 21st. Benchmark reiterated a "buy" rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Finally, Guggenheim increased their price target 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, Warner Bros. Discovery currently has a consensus rating of "Moderate Buy" and an average target price of $11.91.

Remove Ads

Insider Buying and Selling at Warner Bros. Discovery

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 stock was acquired at an average price of $11.41 per share, for a total transaction 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 represents a 12.17 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD traded up $0.53 during mid-day trading on Wednesday, hitting $10.92. 36,583,648 shares of the company were exchanged, compared to its average volume of 33,688,715. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a 50 day simple moving average of $10.35 and a 200-day simple moving average of $9.53. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70. The firm has a market cap of $26.81 billion, a price-to-earnings ratio of -2.38, 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 earnings results on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business had revenue of $10.03 billion during the quarter, compared to analyst estimates of $10.16 billion. On average, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

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.