Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stake Trimmed by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL lessened its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 20.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,240 shares of the company’s stock after selling 3,669 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Warner Bros. Discovery were worth $151,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Warner Bros. Discovery by 3.1% in the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock worth $21,281,000 after buying an additional 78,653 shares during the period. Hauser Brothers GmbH boosted its position in Warner Bros. Discovery by 56.1% during the 3rd quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company’s stock worth $10,106,000 after acquiring an additional 440,000 shares during the period. Private Management Group Inc. grew its stake in Warner Bros. Discovery by 37.7% during the 3rd quarter. Private Management Group Inc. now owns 6,886,143 shares of the company’s stock valued at $56,811,000 after acquiring an additional 1,886,868 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Warner Bros. Discovery in the 3rd quarter valued at about $1,474,000. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Warner Bros. Discovery in the third quarter worth approximately $588,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the transaction, the insider now directly owns 599,317 shares of the company’s stock, valued at $7,407,558.12. The trade was a 22.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Price Performance

NASDAQ WBD opened at $10.69 on Wednesday. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The company has a fifty day simple moving average of $10.31 and a 200 day simple moving average of $9.19. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a market cap of $26.22 billion, a P/E ratio of -2.33, a P/E/G ratio of 8.64 and a beta of 1.49.

Analyst Upgrades and Downgrades

WBD has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.00 to $13.00 in a report on Tuesday, January 21st. The Goldman Sachs Group increased their price objective on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Guggenheim lifted their price objective on Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research note on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.