HB Wealth Management LLC Grows Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

HB Wealth Management LLC increased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 240,550 shares of the company’s stock after buying an additional 12,154 shares during the period. HB Wealth Management LLC’s holdings in Warner Bros. Discovery were worth $2,543,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Integrated Investment Consultants LLC boosted its holdings in Warner Bros. Discovery by 26.9% in the fourth quarter. Integrated Investment Consultants LLC now owns 53,964 shares of the company’s stock valued at $552,000 after purchasing an additional 11,426 shares in the last quarter. Avanza Fonder AB acquired a new position in Warner Bros. Discovery in the fourth quarter valued at approximately $1,671,000. Tompkins Financial Corp boosted its holdings in Warner Bros. Discovery by 50.8% in the fourth quarter. Tompkins Financial Corp now owns 5,285 shares of the company’s stock valued at $56,000 after purchasing an additional 1,780 shares in the last quarter. Empirical Asset Management LLC acquired a new position in Warner Bros. Discovery in the fourth quarter valued at approximately $939,000. Finally, Flywheel Private Wealth LLC acquired a new position in Warner Bros. Discovery in the fourth quarter valued at approximately $106,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the transaction, the insider now owns 599,317 shares in the company, valued at $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WBD shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a report on Thursday, October 10th. Wolfe Research raised Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. The Goldman Sachs Group increased their price objective on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a report on Thursday, December 19th. Barclays increased their price objective on Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.56.

Warner Bros. Discovery Trading Up 0.5 %

NASDAQ:WBD opened at $9.52 on Monday. The stock has a fifty day moving average price of $10.37 and a two-hundred day moving average price of $8.74. The stock has a market capitalization of $23.35 billion, a price-to-earnings ratio of -2.08, a PEG ratio of 9.12 and a beta of 1.50. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.79 billion. During the same quarter in the prior year, the business posted ($0.17) earnings per share. Warner Bros. Discovery’s revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.36 earnings per share for the current fiscal 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.