Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stake Decreased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. decreased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 6.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 22,648 shares of the company’s stock after selling 1,492 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Warner Bros. Discovery were worth $258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WBD. AE Wealth Management LLC raised its holdings in Warner Bros. Discovery by 1.3% during the third quarter. AE Wealth Management LLC now owns 105,151 shares of the company’s stock worth $1,142,000 after purchasing an additional 1,326 shares in the last quarter. Park Place Capital Corp increased its holdings in shares of Warner Bros. Discovery by 33.4% in the third quarter. Park Place Capital Corp now owns 3,677 shares of the company’s stock valued at $40,000 after buying an additional 921 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Warner Bros. Discovery in the third quarter valued at $83,000. Caprock Group LLC bought a new position in shares of Warner Bros. Discovery in the third quarter valued at $160,000. Finally, Advisory Alpha LLC increased its holdings in shares of Warner Bros. Discovery by 91.2% in the third quarter. Advisory Alpha LLC now owns 20,725 shares of the company’s stock valued at $225,000 after buying an additional 9,885 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WBD. JPMorgan Chase & Co. dropped their price target on Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 26th. Citigroup dropped their price target on Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Barrington Research dropped their price target on Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of Warner Bros. Discovery in a report on Monday, March 4th. Finally, Morgan Stanley lowered their price objective on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.83.

Warner Bros. Discovery Stock Down 1.1 %

WBD stock opened at $8.29 on Friday. The firm has a market cap of $20.23 billion, a PE ratio of -6.47 and a beta of 1.51. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a 1 year low of $8.02 and a 1 year high of $14.76. The company has a fifty day simple moving average of $8.69 and a 200 day simple moving average of $10.01.

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

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.