Warner Bros. Discovery, Inc. $WBD Holdings Decreased by Aberdeen Group plc

Aberdeen Group plc cut its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,742,937 shares of the company’s stock after selling 39,094 shares during the period. Aberdeen Group plc’s holdings in Warner Bros. Discovery were worth $50,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC grew its position in shares of Warner Bros. Discovery by 12.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 3,425 shares of the company’s stock worth $99,000 after buying an additional 378 shares during the period. Armstrong Advisory Group Inc. grew its holdings in Warner Bros. Discovery by 7.7% during the fourth quarter. Armstrong Advisory Group Inc. now owns 6,095 shares of the company’s stock valued at $176,000 after purchasing an additional 436 shares during the period. Concord Wealth Partners increased its stake in Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares in the last quarter. Howard Capital Management Inc. lifted its holdings in Warner Bros. Discovery by 3.1% during the third quarter. Howard Capital Management Inc. now owns 15,559 shares of the company’s stock worth $304,000 after acquiring an additional 474 shares in the last quarter. Finally, Claro Advisors LLC increased its holdings in shares of Warner Bros. Discovery by 4.4% in the third quarter. Claro Advisors LLC now owns 11,591 shares of the company’s stock worth $226,000 after acquiring an additional 484 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analysts Set New Price Targets

WBD has been the subject of a number of research reports. Wells Fargo & Company assumed coverage on Warner Bros. Discovery in a research note on Monday, March 9th. They set an “equal weight” rating and a $31.00 target price for the company. Sanford C. Bernstein lifted their target price on Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a research report on Tuesday, February 24th. Weiss Ratings upgraded Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Morgan Stanley set a $29.00 price target on Warner Bros. Discovery in a research note on Thursday, December 18th. Finally, Moffett Nathanson upgraded Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.30.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Fazal F. Merchant sold 35,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $27.48, for a total value of $961,800.00. Following the transaction, the director directly owned 95,539 shares of the company’s stock, valued at $2,625,411.72. This trade represents a 26.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce Campbell sold 41,784 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $27.82, for a total transaction of $1,162,430.88. Following the sale, the insider directly owned 604,666 shares of the company’s stock, valued at approximately $16,821,808.12. This trade represents a 6.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,206,827 shares of company stock valued at $230,674,025 over the last three months. 1.90% of the stock is owned by insiders.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ:WBD opened at $27.32 on Friday. The business’s 50 day simple moving average is $27.80 and its 200 day simple moving average is $25.24. Warner Bros. Discovery, Inc. has a 1 year low of $7.52 and a 1 year high of $30.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $67.75 billion, a P/E ratio of 94.21 and a beta of 1.63.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). The company had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The business’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.20) earnings per share. On average, research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

About Warner Bros. Discovery

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.