Diversified Investment Strategies LLC Decreases Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Diversified Investment Strategies LLC trimmed its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 11.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 421,495 shares of the company’s stock after selling 54,575 shares during the quarter. Warner Bros. Discovery accounts for approximately 2.9% of Diversified Investment Strategies LLC’s investment portfolio, making the stock its 13th largest position. Diversified Investment Strategies LLC’s holdings in Warner Bros. Discovery were worth $4,455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of WBD. Robeco Institutional Asset Management B.V. boosted its stake in shares of Warner Bros. Discovery by 25.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,550,885 shares of the company’s stock worth $37,533,000 after purchasing an additional 724,393 shares during the period. Perigon Wealth Management LLC raised its position in Warner Bros. Discovery by 21.1% in the 4th quarter. Perigon Wealth Management LLC now owns 18,541 shares of the company’s stock worth $196,000 after purchasing an additional 3,231 shares during the period. Nilsine Partners LLC bought a new stake in Warner Bros. Discovery in the fourth quarter worth about $150,000. Parkside Investments LLC boosted its position in shares of Warner Bros. Discovery by 297.9% during the fourth quarter. Parkside Investments LLC now owns 260,494 shares of the company’s stock valued at $2,753,000 after buying an additional 195,026 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of Warner Bros. Discovery by 27.3% during the fourth quarter. Pacer Advisors Inc. now owns 363,983 shares of the company’s stock valued at $3,847,000 after buying an additional 78,123 shares during the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the company’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 sale, the insider now directly owns 599,317 shares of the company’s stock, valued at approximately $7,407,558.12. This represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Trading Up 1.9 %

NASDAQ WBD opened at $10.45 on Wednesday. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a 50 day moving average price of $10.45 and a 200 day moving average price of $8.88. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a market cap of $25.62 billion, a PE ratio of -2.28, a price-to-earnings-growth ratio of 6.12 and a beta of 1.50.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. 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 $9.62 billion for the quarter, compared to the consensus estimate of $9.79 billion. During the same period in the prior year, the firm posted ($0.17) earnings per share. The business’s quarterly revenue was down 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. KeyCorp raised their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Wolfe Research raised shares of Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Rosenblatt Securities raised their price target on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. lifted their price objective on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Finally, Barclays upped their target price on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.76.

Warner Bros. Discovery 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.