Blackhawk Capital Partners LLC. Raises Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Blackhawk Capital Partners LLC. grew its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 28.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,219 shares of the company’s stock after buying an additional 9,449 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Warner Bros. Discovery were worth $457,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WBD. Stonebridge Financial Group LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Warner Bros. Discovery in the fourth quarter worth approximately $33,000. New Wave Wealth Advisors LLC purchased a new stake in Warner Bros. Discovery in the fourth quarter worth $37,000. Rosenberg Matthew Hamilton lifted its holdings in Warner Bros. Discovery by 448.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock valued at $48,000 after buying an additional 3,743 shares in the last quarter. Finally, Larson Financial Group LLC boosted 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 valued at $41,000 after purchasing an additional 1,754 shares during the period. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $11.09 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The firm’s fifty day simple moving average is $10.32 and its 200-day simple moving average is $9.17. The stock has a market cap of $27.21 billion, a PE ratio of -2.42, a price-to-earnings-growth ratio of 8.64 and a beta of 1.49.

Insider Activity

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 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 owns 599,317 shares in the company, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Macquarie increased their price objective on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Moffett Nathanson raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and increased their price objective for the company from $9.00 to $13.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Rosenblatt Securities raised their target price on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Wolfe Research raised Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.76.

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.