Diversified Investment Strategies LLC Has $4.46 Million Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Diversified Investment Strategies LLC reduced its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 11.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 421,495 shares of the company’s stock after selling 54,575 shares during the period. Warner Bros. Discovery comprises approximately 2.9% of Diversified Investment Strategies LLC’s portfolio, making the stock its 13th biggest position. Diversified Investment Strategies LLC’s holdings in Warner Bros. Discovery were worth $4,455,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WBD. Robeco Institutional Asset Management B.V. raised its position in Warner Bros. Discovery by 25.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,550,885 shares of the company’s stock worth $37,533,000 after acquiring an additional 724,393 shares during the period. Perigon Wealth Management LLC raised its stake in shares of Warner Bros. Discovery by 21.1% in the fourth quarter. Perigon Wealth Management LLC now owns 18,541 shares of the company’s stock valued at $196,000 after buying an additional 3,231 shares during the period. Nilsine Partners LLC purchased a new stake in Warner Bros. Discovery in the 4th quarter worth about $150,000. Parkside Investments LLC lifted its holdings in Warner Bros. Discovery by 297.9% during the fourth quarter. Parkside Investments LLC now owns 260,494 shares of the company’s stock valued at $2,753,000 after purchasing an additional 195,026 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in Warner Bros. Discovery by 27.3% during the fourth quarter. Pacer Advisors Inc. now owns 363,983 shares of the company’s stock worth $3,847,000 after purchasing an additional 78,123 shares during the period. 59.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WBD. Wolfe Research upgraded Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Macquarie increased their price target on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. The Goldman Sachs Group increased their target price on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Bank of America reiterated a “buy” rating and issued a $14.00 price objective on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of “Moderate Buy” and an average price target of $11.76.

Warner Bros. Discovery Price Performance

Shares of WBD opened at $10.45 on Wednesday. The firm has a fifty day simple moving average of $10.45 and a two-hundred day simple moving average of $8.88. The firm has a market cap of $25.62 billion, a PE ratio of -2.28, a P/E/G ratio of 6.12 and a beta of 1.50. 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 (NASDAQ:WBD) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same period in the previous year, the company posted ($0.17) EPS. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insider Activity at Warner Bros. Discovery

In related news, insider Savalle Sims sold 169,436 shares of the business’s 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 transaction, the insider now directly owns 599,317 shares of the company’s stock, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently 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.