Bleakley Financial Group LLC Sells 5,201 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Bleakley Financial Group LLC cut its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 25.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,594 shares of the company’s stock after selling 5,201 shares during the quarter. Bleakley Financial Group LLC’s holdings in Warner Bros. Discovery were worth $165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Equity Partners increased its stake in Warner Bros. Discovery by 6.5% during the 4th quarter. Golden State Equity Partners now owns 16,124 shares of the company’s stock worth $170,000 after acquiring an additional 986 shares during the period. Cornerstone Wealth Management LLC increased its stake in shares of Warner Bros. Discovery by 7.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company’s stock valued at $169,000 after purchasing an additional 1,101 shares during the last quarter. Commerce Bank lifted its position in shares of Warner Bros. Discovery by 2.4% during the 3rd quarter. Commerce Bank now owns 55,963 shares of the company’s stock worth $462,000 after buying an additional 1,286 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Warner Bros. Discovery by 0.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 183,462 shares of the company’s stock worth $1,939,000 after acquiring an additional 1,387 shares in the last quarter. Finally, GAM Holding AG boosted its stake in shares of Warner Bros. Discovery by 0.3% in the 3rd quarter. GAM Holding AG now owns 457,685 shares of the company’s stock valued at $3,776,000 after purchasing an additional 1,437 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Insiders Place Their Bets

In other news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the sale, the insider now owns 599,317 shares in the company, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by insiders.

Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock opened at $9.82 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The company has a fifty day moving average of $10.41 and a 200-day moving average of $9.02. The stock has a market capitalization of $24.09 billion, a price-to-earnings ratio of -2.14, a price-to-earnings-growth ratio of 7.98 and a beta of 1.49.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Macquarie raised their price objective on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Barclays boosted their price target on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Bank of America reissued a “buy” rating and set a $14.00 target price on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. Finally, Raymond James increased their price target on Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.76.

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.