Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. reduced its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 8.8% in the 4th quarter, HoldingsChannel reports. The fund owned 23,218 shares of the company’s stock after selling 2,228 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Warner Bros. Discovery were worth $245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WBD. Stonebridge Financial Group LLC purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at about $33,000. New Wave Wealth Advisors LLC purchased a new stake in Warner Bros. Discovery during the 4th quarter valued at approximately $37,000. Larson Financial Group LLC raised its stake in Warner Bros. Discovery by 54.1% during the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock valued at $41,000 after acquiring an additional 1,754 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its stake 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 acquiring an additional 3,743 shares during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the stock in a transaction on 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 sale, the insider now owns 599,317 shares in the company, valued at approximately $7,407,558.12. This represents a 22.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on WBD shares. JPMorgan Chase & Co. upped their price objective 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. Moffett Nathanson raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and upped their price objective for the company from $9.00 to $13.00 in a research note on Tuesday, January 21st. Wolfe Research raised Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Guggenheim boosted their target price on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Macquarie boosted their target price on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Ten investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $11.76.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $10.69 on Wednesday. The business’s fifty day moving average price is $10.31 and its two-hundred day moving average price is $9.19. The stock has a market cap of $26.22 billion, a PE ratio of -2.33, a price-to-earnings-growth ratio of 8.64 and a beta of 1.49. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70.

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.