Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC reduced its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 32.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,172 shares of the company’s stock after selling 8,669 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Warner Bros. Discovery were worth $207,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WBD. Aspire Private Capital LLC boosted its stake in shares of Warner Bros. Discovery by 33.2% in the 4th quarter. Aspire Private Capital LLC now owns 2,823 shares of the company’s stock valued at $26,762,040,000 after buying an additional 704 shares during the period. Park Place Capital Corp boosted its stake in shares of Warner Bros. Discovery by 33.4% in the 3rd quarter. Park Place Capital Corp now owns 3,677 shares of the company’s stock valued at $40,000 after buying an additional 921 shares during the period. Forum Financial Management LP boosted its stake in shares of Warner Bros. Discovery by 2.3% in the 3rd quarter. Forum Financial Management LP now owns 42,179 shares of the company’s stock valued at $458,000 after buying an additional 948 shares during the period. Bridgeworth LLC boosted its stake in shares of Warner Bros. Discovery by 7.4% in the 4th quarter. Bridgeworth LLC now owns 13,845 shares of the company’s stock valued at $158,000 after buying an additional 952 shares during the period. Finally, Czech National Bank boosted its stake in shares of Warner Bros. Discovery by 0.3% in the 4th quarter. Czech National Bank now owns 388,660 shares of the company’s stock valued at $4,423,000 after buying an additional 996 shares during the period. 59.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WBD. Wells Fargo & Company cut Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $16.00 to $12.00 in a research note on Monday, January 29th. Morgan Stanley decreased their price objective on Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Macquarie decreased their price objective on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, January 22nd. Redburn Atlantic cut Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research note on Thursday, January 11th. Finally, Benchmark restated a “buy” rating and set a $20.00 target price on shares of Warner Bros. Discovery in a research note 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, Warner Bros. Discovery has a consensus rating of “Moderate Buy” and a consensus target price of $14.24.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $8.14 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a twelve month low of $8.02 and a twelve month high of $14.76. The stock has a 50 day moving average of $8.86 and a two-hundred day moving average of $10.08. The stock has a market cap of $19.86 billion, a P/E ratio of -6.36 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. Warner Bros. Discovery’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. On average, research analysts forecast that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current year.

About Warner Bros. Discovery

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.