GeoWealth Management LLC Has $27,000 Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

GeoWealth Management LLC reduced its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 43.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,566 shares of the company’s stock after selling 1,983 shares during the quarter. GeoWealth Management LLC’s holdings in Warner Bros. Discovery were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Colonial Trust Advisors lifted its stake in shares of Warner Bros. Discovery by 71.8% in the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock valued at $25,000 after purchasing an additional 996 shares during the period. Stonebridge Financial Group LLC acquired a new position in Warner Bros. Discovery in the fourth quarter valued at about $26,000. SRS Capital Advisors Inc. boosted its holdings in Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock worth $27,000 after buying an additional 1,940 shares during the last quarter. Graney & King LLC acquired a new position in shares of Warner Bros. Discovery during the 4th quarter worth about $28,000. Finally, Ethos Financial Group LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at about $29,000. 59.95% of the stock is owned by institutional investors.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of Warner Bros. Discovery stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the purchase, the director now owns 159,932 shares of the company’s stock, valued at $1,824,824.12. The trade was a 12.17 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Benchmark reissued a “buy” rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Moffett Nathanson raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $9.00 to $13.00 in a research report on Tuesday, January 21st. KeyCorp lowered their price objective on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Wells Fargo & Company reduced their target price on Warner Bros. Discovery from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Finally, Raymond James lowered their price target on Warner Bros. Discovery from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.01.

Warner Bros. Discovery Price Performance

NASDAQ:WBD opened at $8.59 on Friday. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The company has a market cap of $21.09 billion, a P/E ratio of -1.88, a P/E/G ratio of 8.64 and a beta of 1.43. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50-day simple moving average is $9.81 and its 200 day simple moving average is $9.77.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). The company had revenue of $10.03 billion for the quarter, compared to the consensus estimate of $10.16 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. As a group, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

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.