Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Bfsg LLC

Bfsg LLC reduced its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 229,600 shares of the company’s stock after selling 6,880 shares during the quarter. Bfsg LLC’s holdings in Warner Bros. Discovery were worth $2,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fortis Group Advisors LLC acquired a new position in Warner Bros. Discovery in the third quarter valued at $25,000. Peoples Bank KS purchased a new stake in shares of Warner Bros. Discovery in the third quarter valued at about $27,000. Pacifica Partners Inc. boosted its holdings in shares of Warner Bros. Discovery by 118.2% in the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after acquiring an additional 1,345 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Warner Bros. Discovery in the third quarter valued at about $28,000. Finally, Headinvest LLC purchased a new stake in shares of Warner Bros. Discovery in the third quarter valued at about $28,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WBD has been the topic of a number of research analyst reports. Barclays decreased their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, February 29th. JPMorgan Chase & Co. reduced their price target on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 26th. Wolfe Research downgraded shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price target on the stock. in a report on Tuesday. Macquarie reduced their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, January 22nd. Finally, Barrington Research reduced their price target on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.83.

Warner Bros. Discovery Trading Down 2.7 %

Shares of Warner Bros. Discovery stock traded down $0.23 during trading hours on Thursday, hitting $8.15. The company’s stock had a trading volume of 6,760,436 shares, compared to its average volume of 26,241,453. Warner Bros. Discovery, Inc. has a 1-year low of $8.02 and a 1-year high of $14.76. The business has a fifty day moving average of $8.69 and a 200 day moving average of $10.01. The company has a market capitalization of $19.88 billion, a PE ratio of -6.47 and a beta of 1.51. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business had revenue of $10.28 billion during the quarter, compared to analyst estimates of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. Warner Bros. Discovery’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. As a group, equities analysts forecast that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current year.

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.