Aberdeen Group plc Buys 192,774 Shares of Warner Bros. Discovery, Inc. $WBD

Aberdeen Group plc boosted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,782,031 shares of the company’s stock after acquiring an additional 192,774 shares during the quarter. Aberdeen Group plc owned 0.07% of Warner Bros. Discovery worth $34,803,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Concord Wealth Partners boosted its position in Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after buying an additional 440 shares in the last quarter. Howard Capital Management Inc. raised its stake in shares of Warner Bros. Discovery by 3.1% in the third quarter. Howard Capital Management Inc. now owns 15,559 shares of the company’s stock valued at $304,000 after acquiring an additional 474 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in shares of Warner Bros. Discovery by 3.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 16,860 shares of the company’s stock worth $329,000 after acquiring an additional 512 shares in the last quarter. JB Capital LLC boosted its holdings in shares of Warner Bros. Discovery by 4.2% in the 3rd quarter. JB Capital LLC now owns 13,511 shares of the company’s stock worth $264,000 after acquiring an additional 547 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its position in Warner Bros. Discovery by 1.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 46,314 shares of the company’s stock worth $905,000 after acquiring an additional 581 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

WBD opened at $27.99 on Tuesday. The company has a fifty day moving average price of $28.38 and a two-hundred day moving average price of $21.75. The firm has a market capitalization of $69.36 billion, a PE ratio of 147.32 and a beta of 1.64. Warner Bros. Discovery, Inc. has a 52 week low of $7.52 and a 52 week high of $30.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. TD Cowen boosted their price objective on Warner Bros. Discovery from $14.00 to $22.00 in a research note on Friday, November 7th. Sanford C. Bernstein upped their price target on shares of Warner Bros. Discovery from $16.00 to $23.50 in a research report on Friday, November 7th. UBS Group increased their price objective on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. The Goldman Sachs Group boosted their target price on shares of Warner Bros. Discovery from $13.00 to $14.75 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Moffett Nathanson upped their target price on shares of Warner Bros. Discovery from $26.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.94.

Read Our Latest Stock Report on Warner Bros. Discovery

Key Stories Impacting Warner Bros. Discovery

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Insiders Place Their Bets

In other Warner Bros. Discovery news, CAO Lori C. Locke sold 4,122 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $28.92, for a total value of $119,208.24. Following the transaction, the chief accounting officer owned 100,962 shares of the company’s stock, valued at approximately $2,919,821.04. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total value of $7,168,323.00. Following the transaction, the chief financial officer owned 918,940 shares of the company’s stock, valued at $27,108,730. The trade was a 20.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 267,116 shares of company stock valued at $7,781,731. 1.80% of the stock is owned by insiders.

Warner Bros. Discovery Profile

(Free Report)

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.

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

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