Integrated Advisors Network LLC Sells 3,127 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Integrated Advisors Network LLC decreased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,314 shares of the company’s stock after selling 3,127 shares during the quarter. Integrated Advisors Network LLC’s holdings in Warner Bros. Discovery were worth $197,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Public Employees Retirement Association of Colorado increased its position in Warner Bros. Discovery by 5,128.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 350,559 shares of the company’s stock worth $3,989,000 after acquiring an additional 343,854 shares during the period. Assenagon Asset Management S.A. increased its position in Warner Bros. Discovery by 4.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 805,597 shares of the company’s stock worth $9,168,000 after acquiring an additional 36,405 shares during the period. Anchor Investment Management LLC bought a new position in Warner Bros. Discovery during the fourth quarter worth $105,000. Ameriprise Financial Inc. increased its position in Warner Bros. Discovery by 2.4% during the third quarter. Ameriprise Financial Inc. now owns 7,879,216 shares of the company’s stock worth $85,588,000 after acquiring an additional 186,639 shares during the period. Finally, Fisher Asset Management LLC increased its position in Warner Bros. Discovery by 11.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,839,596 shares of the company’s stock worth $20,935,000 after acquiring an additional 187,508 shares during the period. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Down 2.4 %

Shares of NASDAQ:WBD opened at $6.99 on Thursday. Warner Bros. Discovery, Inc. has a 12 month low of $6.96 and a 12 month high of $14.76. The company’s 50-day moving average price is $8.01 and its two-hundred day moving average price is $9.29. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.87. The firm has a market cap of $17.13 billion, a P/E ratio of -5.64 and a beta of 1.53.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The company had revenue of $9.96 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the company earned $0.18 EPS. The firm’s revenue was down 6.9% compared to the same quarter last year. As a group, research analysts forecast that Warner Bros. Discovery, Inc. will post -0.38 EPS for the current fiscal year.

Analysts Set New Price Targets

WBD has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 26th. Citigroup dropped their price objective on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Sanford C. Bernstein dropped their price objective on shares of Warner Bros. Discovery from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, May 10th. Wolfe Research cut shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective for the company. in a research note on Tuesday, April 23rd. Finally, Barrington Research restated an “outperform” rating and issued a $15.00 price objective on shares of Warner Bros. Discovery in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Warner Bros. Discovery currently has an average rating of “Moderate Buy” and a consensus price target of $13.16.

Warner Bros. Discovery Company 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.