Brighton Jones LLC Makes New Investment in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Brighton Jones LLC purchased a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,227 shares of the company’s stock, valued at approximately $139,000.

Several other large investors also recently modified their holdings of the stock. Dakota Wealth Management raised its stake in Warner Bros. Discovery by 22.4% during the 3rd quarter. Dakota Wealth Management now owns 13,498 shares of the company’s stock worth $147,000 after buying an additional 2,471 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of Warner Bros. Discovery by 6.9% in the third quarter. Stratos Wealth Partners LTD. now owns 39,934 shares of the company’s stock valued at $434,000 after buying an additional 2,562 shares in the last quarter. Stratos Wealth Advisors LLC bought a new position in Warner Bros. Discovery in the 3rd quarter valued at about $109,000. Brown Advisory Inc. boosted its position in shares of Warner Bros. Discovery by 10.3% during the third quarter. Brown Advisory Inc. now owns 54,593 shares of the company’s stock valued at $593,000 after buying an additional 5,107 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its position in Warner Bros. Discovery by 35.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 15,028 shares of the company’s stock valued at $163,000 after buying an additional 3,900 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

NASDAQ WBD opened at $7.97 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a 52 week low of $7.34 and a 52 week high of $14.76. The firm’s 50-day simple moving average is $8.45 and its two-hundred day simple moving average is $9.87.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Friday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. Research analysts predict that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WBD. Rosenblatt Securities raised shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $7.00 to $10.00 in a report on Thursday, March 21st. Macquarie cut their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, January 22nd. Barclays decreased their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, February 29th. Morgan Stanley dropped their target price on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. Finally, Barrington Research reduced their target price on Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten 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 a consensus target price of $13.83.

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.