Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. reduced its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 16.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,973 shares of the company’s stock after selling 2,152 shares during the period. Great Valley Advisor Group Inc.’s holdings in Warner Bros. Discovery were worth $125,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fortis Group Advisors LLC purchased a new stake in Warner Bros. Discovery in the 3rd quarter worth $25,000. Pacifica Partners Inc. grew its position in shares of Warner Bros. Discovery by 118.2% in the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after purchasing an additional 1,345 shares during the period. Peoples Bank KS purchased a new stake in shares of Warner Bros. Discovery during the third quarter worth about $27,000. Milestone Investment Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the 3rd quarter worth about $28,000. Finally, Headinvest LLC purchased a new position in Warner Bros. Discovery in the 3rd quarter valued at about $28,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Rosenblatt Securities upgraded Warner Bros. Discovery from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $7.00 to $10.00 in a research note on Thursday, March 21st. Barclays decreased their price objective on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, February 29th. Wells Fargo & Company lowered shares of Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $16.00 to $12.00 in a report on Monday, January 29th. Macquarie decreased 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 research note on Monday, January 22nd. Finally, Barrington Research lowered their price target on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating on the stock in a research 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 issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.83.

Warner Bros. Discovery Stock Down 2.4 %

Shares of NASDAQ:WBD opened at $7.77 on Wednesday. The business has a 50-day moving average price of $8.42 and a 200 day moving average price of $9.83. Warner Bros. Discovery, Inc. has a 12-month low of $7.34 and a 12-month high of $14.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $18.96 billion, a price-to-earnings ratio of -6.07 and a beta of 1.51.

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

Warner Bros. Discovery Company Profile

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.