Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stock Position Trimmed by Savant Capital LLC

Savant Capital LLC decreased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,525 shares of the company’s stock after selling 2,710 shares during the period. Savant Capital LLC’s holdings in Warner Bros. Discovery were worth $893,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WBD. 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 shares of Warner Bros. Discovery in the fourth quarter valued at approximately $37,000. Larson Financial Group LLC increased its stake 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 acquiring an additional 1,754 shares during the period. Rosenberg Matthew Hamilton raised its holdings in Warner Bros. Discovery by 448.3% during the fourth quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock worth $48,000 after purchasing an additional 3,743 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Warner Bros. Discovery in the third quarter worth approximately $51,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Up 1.4 %

Warner Bros. Discovery stock opened at $10.34 on Friday. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 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. The stock has a market cap of $25.37 billion, a P/E ratio of -2.26, a P/E/G ratio of 7.98 and a beta of 1.49. The company’s fifty day simple moving average is $10.40 and its 200-day simple moving average is $9.04.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the sale, the insider now directly owns 599,317 shares of the company’s stock, 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 legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on WBD shares. Raymond James boosted their price objective on Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Moffett Nathanson raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.00 to $13.00 in a report on Tuesday, January 21st. KeyCorp lifted their price objective on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Barclays increased their target price on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Bank of America restated a “buy” rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.76.

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.