GTS Securities LLC Decreases Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

GTS Securities LLC decreased its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 93.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,520 shares of the company's stock after selling 306,351 shares during the period. GTS Securities LLC's holdings in Warner Bros. Discovery were worth $217,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Warner Bros. Discovery in the fourth quarter worth approximately $362,210,000. Contrarius Group Holdings Ltd bought a new stake in shares of Warner Bros. Discovery in the 4th quarter worth approximately $168,930,000. FMR LLC raised its stake in Warner Bros. Discovery by 478.5% in the 4th quarter. FMR LLC now owns 14,278,600 shares of the company's stock valued at $150,925,000 after acquiring an additional 11,810,191 shares during the period. Slate Path Capital LP lifted its position in shares of Warner Bros. Discovery by 36.6% during the fourth quarter. Slate Path Capital LP now owns 23,801,000 shares of the company's stock worth $251,577,000 after acquiring an additional 6,381,000 shares in the last quarter. Finally, Sachem Head Capital Management LP purchased a new position in Warner Bros. Discovery during the 4th quarter valued at about $64,847,000. Institutional investors and hedge funds own 59.95% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WBD shares. Barrington Research restated an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research report on Tuesday, May 13th. Barclays boosted their price objective on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Morgan Stanley reduced their target price on shares of Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Finally, Citigroup decreased their price objective on Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.17.

Warner Bros. Discovery Stock Performance

Shares of WBD stock traded down $0.02 during trading hours on Tuesday, reaching $9.98. 22,619,120 shares of the company traded hands, compared to its average volume of 33,447,050. The firm has a 50-day moving average price of $8.92 and a 200 day moving average price of $9.94. The company has a market cap of $24.50 billion, a P/E ratio of -2.18, a P/E/G ratio of 8.64 and a beta of 1.46. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). The firm had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $9.66 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Warner Bros. Discovery's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.40) EPS. As a group, sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

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.