Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Becker Capital Management Inc.

Becker Capital Management Inc. trimmed its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 32.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 406,496 shares of the company's stock after selling 192,394 shares during the quarter. Becker Capital Management Inc.'s holdings in Warner Bros. Discovery were worth $4,297,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in 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 valued at $21,281,000 after acquiring an additional 78,653 shares during the period. Coronation Fund Managers Ltd. increased its holdings in shares of Warner Bros. Discovery by 54.1% during the 4th quarter. Coronation Fund Managers Ltd. now owns 5,644,290 shares of the company's stock valued at $59,660,000 after purchasing an additional 1,981,050 shares in the last quarter. Prudential PLC boosted its holdings in Warner Bros. Discovery by 31.1% during the fourth quarter. Prudential PLC now owns 135,163 shares of the company's stock worth $1,429,000 after buying an additional 32,102 shares in the last quarter. SVB Wealth LLC acquired a new stake in Warner Bros. Discovery during the fourth quarter valued at $168,000. Finally, Natixis Advisors LLC increased its holdings in Warner Bros. Discovery by 3.6% in the fourth quarter. Natixis Advisors LLC now owns 291,006 shares of the company's stock valued at $3,076,000 after buying an additional 10,024 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barrington Research reissued an "outperform" rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research note on Wednesday, March 5th. Rosenblatt Securities reiterated a "neutral" rating and set a $13.00 price target on shares of Warner Bros. Discovery in a research report on Friday, March 7th. KeyCorp cut their price objective on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Benchmark reiterated a "buy" rating and set a $18.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $12.01.

Insider Activity

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the acquisition, the director now owns 159,932 shares in the company, valued at $1,824,824.12. This trade represents a 12.17 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% of the company's stock.

Warner Bros. Discovery Trading Up 1.3 %

NASDAQ WBD traded up $0.11 on Friday, reaching $8.54. 31,717,126 shares of the company were exchanged, compared to its average volume of 32,865,911. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The stock has a market capitalization of $20.96 billion, a P/E ratio of -1.86, a price-to-earnings-growth ratio of 8.64 and a beta of 1.43. The business's fifty day moving average price is $9.58 and its 200 day moving average price is $9.79. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03.

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

Warner Bros. Discovery Company 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.