Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 801,874 shares of the company’s stock after selling 5,515 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Warner Bros. Discovery were worth $9,220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WBD. Country Trust Bank purchased a new stake in Warner Bros. Discovery during the third quarter worth $25,000. JCIC Asset Management Inc. purchased a new stake in Warner Bros. Discovery during the third quarter worth $25,000. Financial Management Professionals Inc. purchased a new stake in Warner Bros. Discovery during the third quarter worth $26,000. Guardian Wealth Advisors LLC purchased a new stake in Warner Bros. Discovery during the third quarter worth $26,000. Finally, CVA Family Office LLC purchased a new stake in Warner Bros. Discovery during the third quarter worth $26,000. Institutional investors and hedge funds own 55.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WBD shares. Macquarie increased their price target on shares of Warner Bros. Discovery from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday, January 31st. Rosenblatt Securities increased their price target on shares of Warner Bros. Discovery from $9.00 to $11.00 and gave the stock a “sell” rating in a report on Friday, February 24th. Wells Fargo & Company raised shares of Warner Bros. Discovery from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $13.00 to $20.00 in a report on Friday. Morgan Stanley increased their price objective on shares of Warner Bros. Discovery from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Monday, January 30th. Finally, Guggenheim raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $16.50 price objective on the stock in a report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.31.

Warner Bros. Discovery Price Performance

Shares of WBD opened at $14.34 on Friday. Warner Bros. Discovery, Inc. has a 1-year low of $8.82 and a 1-year high of $27.50. The stock has a market cap of $34.85 billion, a PE ratio of -5.47, a P/E/G ratio of 0.94 and a beta of 1.50. The firm has a 50-day simple moving average of $14.46 and a two-hundred day simple moving average of $12.55. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.93 and a quick ratio of 0.93.

About Warner Bros. Discovery

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Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.