Prosperitas Financial LLC Raises Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Prosperitas Financial LLC grew its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 139,293 shares of the company’s stock after purchasing an additional 12,324 shares during the quarter. Prosperitas Financial LLC’s holdings in Warner Bros. Discovery were worth $1,472,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in Warner Bros. Discovery during the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Warner Bros. Discovery during the fourth quarter worth about $33,000. New Wave Wealth Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the fourth quarter worth about $37,000. Rosenberg Matthew Hamilton increased its stake in shares of Warner Bros. Discovery by 448.3% during the fourth quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock worth $48,000 after buying an additional 3,743 shares during the period. Finally, Larson Financial Group LLC raised its holdings in Warner Bros. Discovery by 54.1% in the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock valued at $41,000 after acquiring an additional 1,754 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Ratings Changes

WBD has been the topic of a number of recent analyst reports. Macquarie increased their price objective on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Barrington Research reiterated an “outperform” rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research note on Thursday. Wolfe Research upgraded Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Benchmark reaffirmed a “buy” rating and set a $18.00 price target on shares of Warner Bros. Discovery in a report on Wednesday. Finally, Barclays increased their price objective on Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.76.

Insiders Place Their Bets

In other news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the sale, the insider now owns 599,317 shares in the company, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by insiders.

Warner Bros. Discovery Stock Up 4.8 %

Shares of NASDAQ:WBD opened at $11.00 on Friday. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70. 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 stock has a market cap of $26.98 billion, a P/E ratio of -2.40, a P/E/G ratio of 8.64 and a beta of 1.49. The firm has a fifty day moving average price of $10.31 and a 200 day moving average price of $9.20.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.30). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $10.03 billion for the quarter, compared to analyst estimates of $10.16 billion. Sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 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.