Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Purchased by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators boosted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,925 shares of the company’s stock after purchasing an additional 1,066 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Warner Bros. Discovery were worth $105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WBD. AMF Tjanstepension AB acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter worth $1,031,000. Creative Planning increased its stake in shares of Warner Bros. Discovery by 14.1% in the 3rd quarter. Creative Planning now owns 357,699 shares of the company’s stock worth $2,951,000 after acquiring an additional 44,129 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Warner Bros. Discovery by 132.9% in the 3rd quarter. Blue Trust Inc. now owns 15,449 shares of the company’s stock worth $127,000 after acquiring an additional 8,815 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Warner Bros. Discovery by 1.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 107,240 shares of the company’s stock worth $885,000 after purchasing an additional 1,651 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Warner Bros. Discovery by 35.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 56,127 shares of the company’s stock worth $463,000 after purchasing an additional 14,548 shares during the period. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Price Performance

WBD stock opened at $10.78 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $26.45 billion, a P/E ratio of -2.35, a P/E/G ratio of 8.64 and a beta of 1.49. The business’s 50-day moving average is $10.33 and its two-hundred day moving average is $9.13. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70.

Insider Buying and Selling 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 transaction of $2,094,228.96. Following the sale, the insider now owns 599,317 shares of the company’s stock, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WBD shares. Rosenblatt Securities increased their price target on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Barrington Research reiterated an “outperform” rating and set a $16.00 price target on shares of Warner Bros. Discovery in a report on Friday, December 13th. JPMorgan Chase & Co. increased their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. KeyCorp increased their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, Bank of America reiterated a “buy” rating and set a $14.00 price target on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.