Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stock Position Lessened by Bfsg LLC

Bfsg LLC lowered its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,389 shares of the company’s stock after selling 10,389 shares during the quarter. Bfsg LLC’s holdings in Warner Bros. Discovery were worth $1,558,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its stake in shares of Warner Bros. Discovery by 3.6% in the 4th quarter. CIBC Asset Management Inc now owns 761,209 shares of the company’s stock worth $8,046,000 after acquiring an additional 26,184 shares during the period. Mathes Company Inc. raised its holdings in Warner Bros. Discovery by 32.6% during the fourth quarter. Mathes Company Inc. now owns 35,441 shares of the company’s stock worth $375,000 after purchasing an additional 8,713 shares in the last quarter. Everhart Financial Group Inc. lifted its position in Warner Bros. Discovery by 32.3% in the fourth quarter. Everhart Financial Group Inc. now owns 31,378 shares of the company’s stock worth $332,000 after purchasing an additional 7,663 shares during the period. Valeo Financial Advisors LLC bought a new position in Warner Bros. Discovery during the 4th quarter valued at $239,000. Finally, Asset Management One Co. Ltd. boosted its stake in Warner Bros. Discovery by 0.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 927,027 shares of the company’s stock valued at $9,836,000 after purchasing an additional 7,416 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

Insider Activity at Warner Bros. Discovery

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Guggenheim boosted their price objective on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Wolfe Research upgraded shares of Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Raymond James raised their price objective on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. The Goldman Sachs Group boosted their target price on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, KeyCorp increased their target price on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.76.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $10.34 on Tuesday. The stock’s fifty day simple moving average is $10.39 and its 200-day simple moving average is $9.06. The company has a market capitalization of $25.37 billion, a price-to-earnings ratio of -2.26, a P/E/G 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. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year 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.