Inlight Wealth Management LLC Has $312,000 Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Inlight Wealth Management LLC lowered its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 88.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,115 shares of the company's stock after selling 219,133 shares during the quarter. Inlight Wealth Management LLC's holdings in Warner Bros. Discovery were worth $312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Colonial Trust Advisors lifted its holdings in shares of Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after buying an additional 996 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of Warner Bros. Discovery by 12.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company's stock worth $105,000 after buying an additional 1,066 shares in the last quarter. Personal CFO Solutions LLC lifted its holdings in shares of Warner Bros. Discovery by 2.8% during the fourth quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company's stock worth $454,000 after buying an additional 1,174 shares in the last quarter. TCTC Holdings LLC lifted its holdings in shares of Warner Bros. Discovery by 18.1% during the fourth quarter. TCTC Holdings LLC now owns 8,156 shares of the company's stock worth $86,000 after buying an additional 1,250 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Warner Bros. Discovery by 11.4% during the fourth quarter. Bessemer Group Inc. now owns 13,047 shares of the company's stock worth $139,000 after buying an additional 1,338 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WBD shares. Barrington Research reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a research note on Monday, June 9th. Guggenheim reaffirmed a "buy" rating on shares of Warner Bros. Discovery in a research note on Tuesday, June 10th. Benchmark reaffirmed a "buy" rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Barclays boosted their price target on Warner Bros. Discovery from $7.00 to $9.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Finally, Morgan Stanley dropped their price target on Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.17.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $10.52 on Friday. The stock has a market cap of $25.82 billion, a P/E ratio of -2.39 and a beta of 1.51. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.99. The stock's 50-day moving average is $9.21 and its 200-day moving average is $9.94. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released 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 the consensus estimate of $9.66 billion. Warner Bros. Discovery had a negative return on equity of 30.56% and a negative net margin of 28.16%. The business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.40) earnings per share. Equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current 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.

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