Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC boosted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,337 shares of the company’s stock after acquiring an additional 1,228 shares during the period. Avestar Capital LLC’s holdings in Warner Bros. Discovery were worth $152,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Golden State Equity Partners grew its holdings in shares of Warner Bros. Discovery by 6.5% during the 4th quarter. Golden State Equity Partners now owns 16,124 shares of the company’s stock worth $170,000 after purchasing an additional 986 shares during the period. Cornerstone Wealth Management LLC increased its holdings in Warner Bros. Discovery by 7.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company’s stock valued at $169,000 after purchasing an additional 1,101 shares during the last quarter. Commerce Bank lifted its stake in Warner Bros. Discovery by 2.4% during the third quarter. Commerce Bank now owns 55,963 shares of the company’s stock worth $462,000 after purchasing an additional 1,286 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Warner Bros. Discovery by 0.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 183,462 shares of the company’s stock worth $1,939,000 after buying an additional 1,387 shares during the period. Finally, GAM Holding AG grew its stake in shares of Warner Bros. Discovery by 0.3% in the third quarter. GAM Holding AG now owns 457,685 shares of the company’s stock valued at $3,776,000 after buying an additional 1,437 shares in the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WBD has been the subject of several recent research reports. Bank of America reissued a “buy” rating and issued a $14.00 price objective on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Macquarie increased their price objective on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Moffett Nathanson upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $9.00 to $13.00 in a research note on Tuesday, January 21st. Finally, Guggenheim increased their price target on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Moderate Buy” and an average target price of $11.76.

Insider Buying and Selling

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the completion of the transaction, the insider now directly owns 599,317 shares in the company, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by insiders.

Warner Bros. Discovery Price Performance

WBD stock opened at $10.34 on Friday. The company has a market cap of $25.37 billion, a price-to-earnings ratio of -2.26, a PEG ratio of 7.98 and a beta of 1.49. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a 50 day moving average of $10.40 and a 200-day moving average of $9.04. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70.

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.