Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stock Holdings Lessened by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 74.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 80,834 shares of the company’s stock after selling 239,358 shares during the quarter. D.A. Davidson & CO.’s holdings in Warner Bros. Discovery were worth $854,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new stake in Warner Bros. Discovery in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new stake in Warner Bros. Discovery in the 4th quarter valued at about $33,000. New Wave Wealth Advisors LLC bought a new stake in Warner Bros. Discovery in the 4th quarter valued at about $37,000. Rosenberg Matthew Hamilton lifted its position in Warner Bros. Discovery by 448.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock valued at $48,000 after purchasing an additional 3,743 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Warner Bros. Discovery by 54.1% in the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock valued at $41,000 after purchasing an additional 1,754 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.

Insider Activity at Warner Bros. Discovery

In related news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the transaction, the insider now directly owns 599,317 shares of the company’s stock, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WBD has been the topic of several recent research reports. Macquarie lifted their price objective on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. KeyCorp lifted their price objective on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Guggenheim boosted their price target on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Bank of America restated a “buy” rating and set a $14.00 price target on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Finally, Rosenblatt Securities boosted 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 report 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $11.76.

Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock opened at $11.09 on Tuesday. The firm’s 50 day simple moving average is $10.32 and its 200-day simple moving average is $9.17. 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 market cap of $27.21 billion, a P/E ratio of -2.42, a price-to-earnings-growth ratio of 8.64 and a beta of 1.49. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80.

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.