Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stock Holdings Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 15.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 445,972 shares of the company’s stock after purchasing an additional 59,345 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Warner Bros. Discovery were worth $4,843,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its holdings in shares of Warner Bros. Discovery by 7.7% during the second quarter. State Street Corp now owns 118,339,932 shares of the company’s stock valued at $1,483,983,000 after acquiring an additional 8,495,066 shares during the period. Geode Capital Management LLC raised its holdings in shares of Warner Bros. Discovery by 0.5% during the second quarter. Geode Capital Management LLC now owns 48,652,909 shares of the company’s stock valued at $608,531,000 after acquiring an additional 258,437 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in shares of Warner Bros. Discovery by 124,559.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 28,075,738 shares of the company’s stock valued at $266,158,000 after acquiring an additional 28,053,216 shares during the period. Sessa Capital IM L.P. raised its holdings in shares of Warner Bros. Discovery by 5.4% during the fourth quarter. Sessa Capital IM L.P. now owns 23,450,633 shares of the company’s stock valued at $222,312,000 after acquiring an additional 1,195,666 shares during the period. Finally, Norges Bank acquired a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $196,222,000. 58.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered shares of Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $16.00 to $12.00 in a report on Monday, January 29th. Benchmark reiterated a “buy” rating and issued a $24.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, December 22nd. Barrington Research reiterated an “outperform” rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research note on Thursday. The Goldman Sachs Group dropped their price objective on shares of Warner Bros. Discovery from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Finally, Raymond James dropped their price objective on shares of Warner Bros. Discovery from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.75.

Read Our Latest Analysis on WBD

Warner Bros. Discovery Price Performance

NASDAQ WBD opened at $9.64 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $10.95 and a 200 day simple moving average of $11.25. Warner Bros. Discovery, Inc. has a 1 year low of $9.27 and a 1 year high of $16.34.

Insider Activity at Warner Bros. Discovery

In other news, Director Programming P. Advance/Newhouse sold 10,000,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $12.49, for a total transaction of $124,900,000.00. Following the completion of the sale, the director now owns 184,023,290 shares in the company, valued at approximately $2,298,450,892.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Warner Bros. Discovery Company Profile

(Free Report)

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 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.

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Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

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