Warner Bros. Discovery, Inc. (NASDAQ:WBD) is Alexander Randolph Advisory Inc.’s 8th Largest Position

Alexander Randolph Advisory Inc. decreased its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 403,828 shares of the company’s stock after selling 31,407 shares during the period. Warner Bros. Discovery accounts for approximately 4.0% of Alexander Randolph Advisory Inc.’s holdings, making the stock its 8th biggest holding. Alexander Randolph Advisory Inc.’s holdings in Warner Bros. Discovery were worth $4,268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC bought a new position in Warner Bros. Discovery during the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $33,000. New Wave Wealth Advisors LLC bought a new position in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $37,000. Larson Financial Group LLC raised its holdings in shares of Warner Bros. Discovery by 54.1% in the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock worth $41,000 after buying an additional 1,754 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of Warner Bros. Discovery by 448.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock worth $48,000 after acquiring an additional 3,743 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts have commented on WBD shares. Bank of America reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Wolfe Research upgraded shares of Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Guggenheim lifted their price objective on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, December 12th. Moffett Nathanson raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $13.00 in a research report on Tuesday, January 21st. Finally, Raymond James raised their target price on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Warner Bros. Discovery has an average rating of “Moderate Buy” and an average target price of $11.76.

Warner Bros. Discovery Price Performance

WBD opened at $10.78 on Friday. The firm has a market capitalization of $26.45 billion, a PE ratio of -2.35, a price-to-earnings-growth ratio of 8.64 and a beta of 1.49. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50-day moving average is $10.33 and its two-hundred day moving average is $9.13. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70.

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.