FourThought Financial LLC Invests $164,000 in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

FourThought Financial LLC acquired a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,231 shares of the company’s stock, valued at approximately $164,000.

Several other large investors also recently modified their holdings of the company. Integrated Investment Consultants LLC acquired a new stake in shares of Warner Bros. Discovery during the third quarter worth $357,000. Sunbelt Securities Inc. bought a new position in Warner Bros. Discovery during the third quarter worth $278,000. ST Germain D J Co. Inc. bought a new position in Warner Bros. Discovery during the third quarter worth $179,000. California State Teachers Retirement System bought a new position in Warner Bros. Discovery during the third quarter worth $45,628,000. Finally, River & Mercantile Asset Management LLP bought a new position in Warner Bros. Discovery during the third quarter worth $1,009,000. 55.18% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $14.34 on Friday. Warner Bros. Discovery, Inc. has a 52 week low of $8.82 and a 52 week high of $27.50. The company’s 50 day moving average price is $14.46 and its two-hundred day moving average price is $12.56. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.01. The stock has a market cap of $34.85 billion, a P/E ratio of -5.47, a P/E/G ratio of 0.97 and a beta of 1.50.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WBD shares. Macquarie increased their target price on shares of Warner Bros. Discovery from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 31st. Wolfe Research raised shares of Warner Bros. Discovery from a “peer perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Friday. Morgan Stanley increased their target price on shares of Warner Bros. Discovery from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Monday, January 30th. Rosenblatt Securities increased their target price on shares of Warner Bros. Discovery from $9.00 to $11.00 and gave the stock a “sell” rating in a research note on Friday, February 24th. Finally, Wells Fargo & Company raised shares of Warner Bros. Discovery from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $20.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.31.

Warner Bros. Discovery 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.