Elo Mutual Pension Insurance Co Trims Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Elo Mutual Pension Insurance Co decreased its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 17.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 170,691 shares of the company’s stock after selling 36,077 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Warner Bros. Discovery were worth $1,804,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in Warner Bros. Discovery in the 4th quarter valued at $26,000. SRS Capital Advisors Inc. raised its position in shares of Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock worth $27,000 after buying an additional 1,940 shares in the last quarter. Graney & King LLC bought a new stake in Warner Bros. Discovery during the fourth quarter valued at $28,000. Ethos Financial Group LLC purchased a new position in Warner Bros. Discovery during the fourth quarter worth about $29,000. Finally, Briaud Financial Planning Inc increased its stake in Warner Bros. Discovery by 258.1% in the 4th quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company’s stock worth $29,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WBD shares. The Goldman Sachs Group lifted their price target on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Rosenblatt Securities reiterated a “neutral” rating and set a $13.00 target price on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Citigroup increased their price target on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Benchmark reaffirmed a “buy” rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Finally, Barclays increased their target price on Warner Bros. Discovery from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Warner Bros. Discovery currently has an average rating of “Moderate Buy” and an average target price of $11.91.

Insider Activity

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of Warner Bros. Discovery stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of $11.41 per share, with a total value of $197,917.86. Following the completion of the purchase, the director now owns 159,932 shares of the company’s stock, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $10.37 on Friday. The company has a market capitalization of $25.46 billion, a P/E ratio of -2.26, a PEG ratio of 8.64 and a beta of 1.48. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a 50 day moving average price of $10.52 and a two-hundred day moving average price of $9.70.

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

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.