Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Founders Financial Alliance LLC

Founders Financial Alliance LLC cut its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 19.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,562 shares of the company’s stock after selling 3,875 shares during the period. Founders Financial Alliance LLC’s holdings in Warner Bros. Discovery were worth $188,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Bridgeworth LLC boosted its holdings in Warner Bros. Discovery by 7.4% in the 4th quarter. Bridgeworth LLC now owns 13,845 shares of the company’s stock worth $158,000 after buying an additional 952 shares during the last quarter. Czech National Bank boosted its holdings in Warner Bros. Discovery by 0.3% in the 4th quarter. Czech National Bank now owns 388,660 shares of the company’s stock worth $4,423,000 after buying an additional 996 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in Warner Bros. Discovery by 1.8% in the 4th quarter. Harbour Capital Advisors LLC now owns 56,833 shares of the company’s stock worth $642,000 after buying an additional 1,025 shares during the last quarter. Blue Trust Inc. boosted its holdings in Warner Bros. Discovery by 20.8% in the 4th quarter. Blue Trust Inc. now owns 6,254 shares of the company’s stock worth $68,000 after buying an additional 1,076 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. boosted its holdings in Warner Bros. Discovery by 0.6% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 183,745 shares of the company’s stock worth $2,091,000 after buying an additional 1,124 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Trading Up 0.3 %

Shares of NASDAQ:WBD traded up $0.02 during trading on Friday, hitting $7.73. The company’s stock had a trading volume of 23,370,921 shares, compared to its average volume of 33,981,716. Warner Bros. Discovery, Inc. has a fifty-two week low of $7.34 and a fifty-two week high of $14.76. The business has a 50 day moving average price of $8.28 and a two-hundred day moving average price of $9.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.82 and a current ratio of 0.82.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The firm had revenue of $9.96 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -0.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WBD shares. Morgan Stanley lowered their price objective on Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Citigroup decreased their target price on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Barclays decreased their target price on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 29th. Wolfe Research lowered shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 target price on the stock. in a research note on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Moderate Buy” and an average target price of $13.32.

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.