Asset Management One Co. Ltd. Raises Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Asset Management One Co. Ltd. increased its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 0.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 927,027 shares of the company’s stock after buying an additional 7,416 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Warner Bros. Discovery were worth $9,836,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WBD. Stonebridge Financial Group LLC bought a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at about $33,000. New Wave Wealth Advisors LLC bought a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at about $37,000. Larson Financial Group LLC increased its position in shares of Warner Bros. Discovery by 54.1% during the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock valued at $41,000 after buying an additional 1,754 shares during the period. Finally, Rosenberg Matthew Hamilton increased its position in shares of Warner Bros. Discovery by 448.3% during the fourth quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock valued at $48,000 after buying an additional 3,743 shares during the period. 59.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WBD has been the topic of several research analyst reports. Barrington Research restated an “outperform” rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a research report on Friday, December 13th. Bank of America restated a “buy” rating and issued a $14.00 price objective on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. The Goldman Sachs Group upped their price objective on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Macquarie upped their price objective on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Rosenblatt Securities upped their price objective on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.76.

Warner Bros. Discovery Stock Up 1.4 %

WBD stock opened at $10.34 on Tuesday. The business’s 50-day moving average price is $10.39 and its 200-day moving average price is $9.06. The stock has a market cap of $25.37 billion, a P/E ratio of -2.26, a PEG ratio of 7.98 and a beta of 1.49. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

Insider Activity at Warner Bros. Discovery

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

Warner Bros. Discovery 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.