Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,674,966 shares of the company’s stock after selling 134,924 shares during the period. Raymond James & Associates owned approximately 0.07% of Warner Bros. Discovery worth $19,061,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Moneta Group Investment Advisors LLC boosted its stake in shares of Warner Bros. Discovery by 124,559.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 28,075,738 shares of the company’s stock valued at $266,158,000 after purchasing an additional 28,053,216 shares during the period. Norges Bank purchased a new position in shares of Warner Bros. Discovery in the fourth quarter valued at $196,222,000. State Street Corp boosted its stake in Warner Bros. Discovery by 7.7% during the 2nd quarter. State Street Corp now owns 118,339,932 shares of the company’s stock valued at $1,483,983,000 after acquiring an additional 8,495,066 shares during the last quarter. Boston Partners boosted its stake in Warner Bros. Discovery by 43.0% during the 3rd quarter. Boston Partners now owns 14,225,819 shares of the company’s stock valued at $153,713,000 after acquiring an additional 4,275,994 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in Warner Bros. Discovery during the 3rd quarter valued at $49,058,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on WBD shares. Citigroup reduced their price objective on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Barrington Research reduced their price objective on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Wells Fargo & Company lowered shares of Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $16.00 to $12.00 in a report on Monday, January 29th. Macquarie decreased their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, January 22nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of Warner Bros. Discovery in a report on Monday, March 4th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.24.

Read Our Latest Stock Analysis on Warner Bros. Discovery

Warner Bros. Discovery Trading Up 0.7 %

Shares of NASDAQ:WBD opened at $8.79 on Tuesday. Warner Bros. Discovery, Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $15.56. The company has a market cap of $21.44 billion, a PE ratio of -6.87 and a beta of 1.51. The company’s 50-day moving average price is $9.27 and its 200 day moving average price is $10.30. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last released its quarterly earnings results on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The company had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.34 billion. During the same quarter last year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -0.34 earnings per share for the current year.

Warner Bros. Discovery Company 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 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.

Further Reading

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

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