Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 40.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,693 shares of the company’s stock after selling 43,250 shares during the period. Atria Wealth Solutions Inc.’s holdings in Warner Bros. Discovery were worth $684,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of WBD. Stonebridge Financial Group LLC acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in Warner Bros. Discovery in the 4th quarter valued at about $33,000. New Wave Wealth Advisors LLC bought a new position in Warner Bros. Discovery in the 4th quarter valued at about $37,000. Larson Financial Group LLC grew its position in Warner Bros. Discovery by 54.1% in the 3rd 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 in the last quarter. Finally, Rosenberg Matthew Hamilton grew its position in Warner Bros. Discovery by 448.3% in the 4th 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 in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WBD. Guggenheim raised their price objective on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, December 12th. KeyCorp raised their price objective on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. raised their price objective on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Raymond James raised their price objective on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Rosenblatt Securities raised their price objective on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.76.

Insiders Place Their Bets

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery 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 $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Trading Down 3.6 %

Shares of Warner Bros. Discovery stock opened at $10.69 on Wednesday. The company’s fifty day simple moving average is $10.31 and its 200-day simple moving average is $9.19. The company has a market cap of $26.22 billion, a price-to-earnings ratio of -2.33, a PEG ratio of 8.64 and a beta of 1.49. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70.

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.