180 Wealth Advisors LLC Grows Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

180 Wealth Advisors LLC grew its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 76,605 shares of the company’s stock after buying an additional 3,194 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Warner Bros. Discovery were worth $810,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Commerce Bank lifted its position in shares of Warner Bros. Discovery by 2.4% in the third quarter. Commerce Bank now owns 55,963 shares of the company’s stock valued at $462,000 after acquiring an additional 1,286 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in 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 in the last quarter. GAM Holding AG lifted its position in Warner Bros. Discovery by 0.3% during the third quarter. GAM Holding AG now owns 457,685 shares of the company’s stock worth $3,776,000 after buying an additional 1,437 shares in the last quarter. Waldron Private Wealth LLC lifted its position in Warner Bros. Discovery by 5.4% during the third quarter. Waldron Private Wealth LLC now owns 28,348 shares of the company’s stock worth $234,000 after buying an additional 1,461 shares in the last quarter. Finally, PFG Investments LLC lifted its position in Warner Bros. Discovery by 1.4% during the third quarter. PFG Investments LLC now owns 112,307 shares of the company’s stock worth $927,000 after buying an additional 1,517 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Rosenblatt Securities lifted their price objective on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Barclays lifted their price objective on Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Wolfe Research raised Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Raymond James raised their target price on Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Thursday, October 10th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery presently has an average rating of “Hold” and a consensus target price of $11.46.

Warner Bros. Discovery Trading Up 1.4 %

WBD opened at $9.84 on Tuesday. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70. The stock has a market capitalization of $24.14 billion, a price-to-earnings ratio of -2.15 and a beta of 1.52. 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 has a fifty day moving average price of $10.30 and a 200 day moving average price of $8.67.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, November 7th. The company reported $0.05 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 period in the previous year, the firm posted ($0.17) EPS. Warner Bros. Discovery’s revenue for the quarter was down 3.6% on a year-over-year basis. Sell-side analysts expect that Warner Bros. Discovery, Inc. will post -4.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery stock in a transaction dated 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 directly owns 599,317 shares of the company’s stock, valued at $7,407,558.12. The trade was a 22.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by company insiders.

Warner Bros. Discovery 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.