36,856 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Bought by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,856 shares of the company’s stock, valued at approximately $424,000.

Other institutional investors have also recently made changes to their positions in the company. Boyar Asset Management Inc. purchased a new position in shares of Warner Bros. Discovery during the third quarter worth $1,370,000. Bessemer Group Inc. acquired a new stake in Warner Bros. Discovery during the third quarter valued at $385,000. SG Americas Securities LLC acquired a new stake in Warner Bros. Discovery during the third quarter valued at $2,938,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Warner Bros. Discovery during the third quarter valued at $67,859,000. Finally, Vontobel Holding Ltd. acquired a new stake in Warner Bros. Discovery during the third quarter valued at $1,073,000. Hedge funds and other institutional investors own 55.18% of the company’s stock.

Warner Bros. Discovery Price Performance

WBD stock opened at $13.57 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $32.98 billion, a P/E ratio of -5.18, a PEG ratio of 1.00 and a beta of 1.50. The business has a 50 day simple moving average of $14.34 and a 200-day simple moving average of $12.54. Warner Bros. Discovery, Inc. has a twelve month low of $8.82 and a twelve month high of $27.50.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WBD shares. Rosenblatt Securities raised their price target on shares of Warner Bros. Discovery from $9.00 to $11.00 and gave the company a “sell” rating in a research report on Friday, February 24th. Macquarie raised their price target on shares of Warner Bros. Discovery from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Tuesday, January 31st. Morgan Stanley lifted their target price on shares of Warner Bros. Discovery from $14.00 to $17.00 and gave the company an “equal weight” rating in a research report on Monday, January 30th. Finally, Guggenheim raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $16.50 target price for the company in a research note on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.98.

Warner Bros. Discovery Company Profile

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Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.