Handelsbanken Fonder AB Raises Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Handelsbanken Fonder AB increased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 62.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 589,484 shares of the company’s stock after purchasing an additional 226,456 shares during the period. Handelsbanken Fonder AB’s holdings in Warner Bros. Discovery were worth $6,231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Good Life Advisors LLC grew its stake in shares of Warner Bros. Discovery by 19.3% in the fourth quarter. Good Life Advisors LLC now owns 11,952 shares of the company’s stock worth $126,000 after acquiring an additional 1,930 shares during the last quarter. Summit Place Financial Advisors LLC grew its stake in shares of Warner Bros. Discovery by 39.1% in the fourth quarter. Summit Place Financial Advisors LLC now owns 85,153 shares of the company’s stock worth $900,000 after acquiring an additional 23,925 shares during the last quarter. Rye Brook Capital LLC purchased a new stake in shares of Warner Bros. Discovery in the fourth quarter worth $269,000. Lorne Steinberg Wealth Management Inc. grew its stake in shares of Warner Bros. Discovery by 1.3% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 227,662 shares of the company’s stock worth $2,406,000 after acquiring an additional 2,960 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Warner Bros. Discovery by 3.6% in the fourth quarter. CIBC Asset Management Inc now owns 761,209 shares of the company’s stock worth $8,046,000 after acquiring an additional 26,184 shares during the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery Stock Down 2.4 %

NASDAQ WBD opened at $10.78 on Friday. The stock’s 50-day moving average price is $10.33 and its 200-day moving average price is $9.13. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a market capitalization of $26.45 billion, a P/E ratio of -2.35, a price-to-earnings-growth ratio of 8.64 and a beta of 1.49.

Insider Transactions at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction dated 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 owns 599,317 shares of the company’s stock, valued at $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Raymond James increased their target price 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 Warner Bros. Discovery from a “neutral” rating to a “buy” rating and increased their target price for the stock from $9.00 to $13.00 in a research note on Tuesday, January 21st. Guggenheim upped their price target on Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, December 12th. Macquarie upped their price target on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Rosenblatt Securities upped their price target on Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Warner Bros. Discovery has a consensus rating of “Moderate Buy” and a consensus target price of $11.76.

About Warner Bros. Discovery

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.