Mutual Advisors LLC Has $266,000 Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mutual Advisors LLC reduced its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 29.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,192 shares of the company’s stock after selling 10,587 shares during the quarter. Mutual Advisors LLC’s holdings in Warner Bros. Discovery were worth $266,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its holdings in Warner Bros. Discovery by 8.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 159,767 shares of the company’s stock worth $1,689,000 after purchasing an additional 12,910 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at $137,000. Mirabaud & Cie SA increased its holdings in Warner Bros. Discovery by 29.1% during the fourth quarter. Mirabaud & Cie SA now owns 30,000 shares of the company’s stock worth $317,000 after buying an additional 6,756 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of Warner Bros. Discovery during the 4th quarter worth approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Warner Bros. Discovery by 2,914.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 113,723 shares of the company’s stock worth $1,202,000 after buying an additional 109,950 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Down 2.3 %

Shares of NASDAQ:WBD opened at $10.25 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The company has a market cap of $25.14 billion, a PE ratio of -2.24, a P/E/G ratio of 6.12 and a beta of 1.50. The stock’s 50-day moving average is $10.45 and its 200 day moving average is $8.88.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.79 billion. During the same period in the prior year, the firm earned ($0.17) EPS. The company’s revenue was down 3.6% compared to the same quarter last year. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Wall Street Analysts Forecast Growth

WBD has been the topic of several recent research reports. Wolfe Research raised shares of Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. The Goldman Sachs Group upped their target price on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Guggenheim lifted their price target on Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barrington Research reissued an “outperform” rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a research note on Friday, December 13th. Finally, Macquarie increased their price objective on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.76.

Insider Activity

In other news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

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.