180 Wealth Advisors LLC Sells 9,664 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

180 Wealth Advisors LLC trimmed its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 32.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,713 shares of the company’s stock after selling 9,664 shares during the period. 180 Wealth Advisors LLC’s holdings in Warner Bros. Discovery were worth $214,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. New South Capital Management Inc. grew its stake in Warner Bros. Discovery by 21.1% during the third quarter. New South Capital Management Inc. now owns 4,082,322 shares of the company’s stock valued at $44,334,000 after acquiring an additional 711,820 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in Warner Bros. Discovery by 47.8% during the second quarter. Frontier Capital Management Co. LLC now owns 5,030,467 shares of the company’s stock valued at $63,082,000 after acquiring an additional 1,627,205 shares in the last quarter. State Street Corp grew its stake in shares of Warner Bros. Discovery by 7.7% in the 2nd quarter. State Street Corp now owns 118,339,932 shares of the company’s stock worth $1,483,983,000 after buying an additional 8,495,066 shares in the last quarter. Pegasus Partners Ltd. purchased a new position in shares of Warner Bros. Discovery in the 2nd quarter worth $152,000. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Warner Bros. Discovery by 156.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,324 shares of the company’s stock worth $29,000 after buying an additional 1,419 shares in the last quarter. 58.26% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery Trading Down 1.8 %

NASDAQ:WBD opened at $10.16 on Thursday. Warner Bros. Discovery, Inc. has a one year low of $9.27 and a one year high of $16.34. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a 50-day simple moving average of $11.05 and a 200-day simple moving average of $11.58.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last issued its quarterly earnings data on Wednesday, November 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.16). The firm had revenue of $9.98 billion during the quarter, compared to analysts’ expectations of $9.97 billion. Warner Bros. Discovery had a negative return on equity of 0.47% and a negative net margin of 11.48%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. On average, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -1.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WBD. Redburn Atlantic cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research note on Thursday, January 11th. Guggenheim dropped their price target on shares of Warner Bros. Discovery from $18.00 to $15.00 in a research note on Wednesday, October 4th. UBS Group dropped their price target on shares of Warner Bros. Discovery from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, October 10th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Warner Bros. Discovery in a research note on Friday, October 6th. Finally, Raymond James dropped their price target on shares of Warner Bros. Discovery from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.38.

View Our Latest Analysis on WBD

Insider Transactions at Warner Bros. Discovery

In other news, Director Programming P. Advance/Newhouse sold 10,000,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $12.49, for a total value of $124,900,000.00. Following the completion of the sale, the director now owns 184,023,290 shares of the company’s stock, valued at approximately $2,298,450,892.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Warner Bros. Discovery Profile

(Free Report)

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 third parties and networks 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.

See Also

Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

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