Wiley BROS. Aintree Capital LLC Sells 1,138 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Wiley BROS. Aintree Capital LLC cut its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,093 shares of the company’s stock after selling 1,138 shares during the quarter. Wiley BROS. Aintree Capital LLC’s holdings in Warner Bros. Discovery were worth $766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Resources Investment Advisors LLC. increased its position in shares of Warner Bros. Discovery by 20.8% in the first quarter. Resources Investment Advisors LLC. now owns 36,733 shares of the company’s stock worth $555,000 after purchasing an additional 6,316 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in Warner Bros. Discovery by 4.1% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 27,954 shares of the company’s stock worth $422,000 after buying an additional 1,105 shares in the last quarter. Avantax Planning Partners Inc. bought a new position in shares of Warner Bros. Discovery in the 4th quarter worth $111,000. Summit Trail Advisors LLC raised its holdings in shares of Warner Bros. Discovery by 13.6% during the 1st quarter. Summit Trail Advisors LLC now owns 14,967 shares of the company’s stock valued at $226,000 after buying an additional 1,789 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in Warner Bros. Discovery by 11.7% in the 1st quarter. Ballentine Partners LLC now owns 14,731 shares of the company’s stock worth $222,000 after buying an additional 1,541 shares during the last quarter. 58.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on WBD shares. Evercore ISI decreased their target price on shares of Warner Bros. Discovery from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, July 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $15.00 price objective on shares of Warner Bros. Discovery in a report on Friday, August 4th. Wolfe Research cut Warner Bros. Discovery from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. Benchmark reaffirmed a “buy” rating and issued a $26.00 price target on shares of Warner Bros. Discovery in a research note on Monday, August 7th. Finally, Truist Financial reaffirmed a “buy” rating and set a $17.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.66.

Insider Activity at Warner Bros. Discovery

In related news, insider Gerhard Zeiler acquired 38,000 shares of the stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $14.09 per share, with a total value of $535,420.00. Following the transaction, the insider now directly owns 329,032 shares in the company, valued at $4,636,060.88. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

Warner Bros. Discovery Stock Performance

WBD stock traded up $0.22 on Thursday, hitting $11.63. The company had a trading volume of 3,595,664 shares, compared to its average volume of 20,413,127. The stock has a market cap of $28.35 billion, a price-to-earnings ratio of -4.13 and a beta of 1.51. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95. The stock’s 50-day simple moving average is $12.74 and its 200 day simple moving average is $13.20. Warner Bros. Discovery, Inc. has a 12-month low of $8.82 and a 12-month high of $16.34.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, August 3rd. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.12). Warner Bros. Discovery had a positive return on equity of 1.27% and a negative net margin of 16.04%. The firm had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same period in the previous year, the business posted ($0.11) earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts expect that Warner Bros. Discovery, Inc. will post -1.01 earnings per share for the current fiscal year.

Warner Bros. Discovery Profile

Warner Bros. Discovery, Inc, operates 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 lienses television programs to third parties and networks 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.