Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 20,100 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 442,100 shares of the company’s stock after selling 20,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Warner Bros. Discovery were worth $4,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in WBD. AMF Tjanstepension AB acquired a new stake in shares of Warner Bros. Discovery in the third quarter valued at about $1,031,000. 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 valued at $127,000 after acquiring an additional 8,815 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Warner Bros. Discovery by 1.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 107,240 shares of the company’s stock valued at $885,000 after purchasing an additional 1,651 shares in the last quarter. International Assets Investment Management LLC increased its stake in Warner Bros. Discovery by 629.4% during the 3rd quarter. International Assets Investment Management LLC now owns 189,239 shares of the company’s stock valued at $1,561,000 after purchasing an additional 163,295 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Warner Bros. Discovery by 1.3% during the 3rd quarter. Allworth Financial LP now owns 155,174 shares of the company’s stock valued at $1,280,000 after buying an additional 1,954 shares during the last quarter. 59.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

WBD has been the subject of several analyst reports. Barclays raised their price objective on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. KeyCorp lifted their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Bank of America reiterated a “buy” rating and issued a $14.00 target price on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Rosenblatt Securities increased their price target on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.76.

Warner Bros. Discovery Trading Down 3.6 %

WBD opened at $10.69 on Wednesday. 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 stock has a market cap of $26.22 billion, a PE ratio of -2.33, a PEG ratio of 8.64 and a beta of 1.49. The business has a 50 day moving average of $10.31 and a 200-day moving average of $9.19. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70.

Insider Transactions at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 599,317 shares in the company, valued at $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

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.