Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Steward Partners Investment Advisory LLC (2024)

Steward Partners Investment Advisory LLC decreased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,294 shares of the company’s stock after selling 13,405 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Warner Bros. Discovery were worth $766,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WBD. Assenagon Asset Management S.A. increased its stake in shares of Warner Bros. Discovery by 4.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 805,597 shares of the company’s stock valued at $9,168,000 after purchasing an additional 36,405 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $105,000. Ameriprise Financial Inc. increased its stake in shares of Warner Bros. Discovery by 2.4% in the third quarter. Ameriprise Financial Inc. now owns 7,879,216 shares of the company’s stock valued at $85,588,000 after purchasing an additional 186,639 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Warner Bros. Discovery by 11.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,839,596 shares of the company’s stock valued at $20,935,000 after acquiring an additional 187,508 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Warner Bros. Discovery by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 947,261 shares of the company’s stock valued at $11,073,000 after acquiring an additional 3,530 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Down 1.1 %

Shares of NASDAQ:WBD opened at $8.24 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $20.19 billion, a PE ratio of -6.65 and a beta of 1.53. Warner Bros. Discovery, Inc. has a 52 week low of $7.34 and a 52 week high of $14.76. The firm has a 50 day simple moving average of $8.21 and a 200 day simple moving average of $9.53.

Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $9.96 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the company earned $0.18 EPS. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. As a group, research analysts expect that Warner Bros. Discovery, Inc. will post -0.38 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WBD shares. Benchmark reiterated a “buy” rating and issued a $20.00 price objective on shares of Warner Bros. Discovery in a report on Monday, March 4th. Rosenblatt Securities upgraded shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and increased their price objective for the company from $7.00 to $10.00 in a report on Thursday, March 21st. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, May 10th. Citigroup decreased their price objective on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Finally, Sanford C. Bernstein decreased their price objective on shares of Warner Bros. Discovery from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Warner Bros. Discovery presently has an average rating of “Moderate Buy” and an average price target of $13.16.

View Our Latest Stock Analysis on WBD

About Warner Bros. Discovery

(Free Report)

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.

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