Nepsis Inc. Sells 413,969 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Nepsis Inc. lowered its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 22.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,394,789 shares of the company's stock after selling 413,969 shares during the quarter. Warner Bros. Discovery accounts for approximately 3.7% of Nepsis Inc.'s investment portfolio, making the stock its 16th biggest holding. Nepsis Inc. owned 0.06% of Warner Bros. Discovery worth $14,966,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Colonial Trust Advisors increased its holdings in Warner Bros. Discovery by 71.8% in the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after acquiring an additional 996 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in Warner Bros. Discovery in the 4th quarter worth $26,000. SRS Capital Advisors Inc. boosted its stake in shares of Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock valued at $27,000 after purchasing an additional 1,940 shares during the period. Graney & King LLC bought a new position in Warner Bros. Discovery during the 4th quarter valued at approximately $28,000. Finally, Ethos Financial Group LLC bought a new position in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD traded up $0.50 during trading on Wednesday, hitting $10.51. The company had a trading volume of 52,078,049 shares, compared to its average volume of 34,568,419. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month 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 firm has a market capitalization of $25.80 billion, a P/E ratio of -2.29, a price-to-earnings-growth ratio of 8.64 and a beta of 1.51. The stock has a 50 day simple moving average of $8.90 and a 200 day simple moving average of $9.94.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates 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 27.56% and a negative net margin of 28.34%. Warner Bros. Discovery's revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.40) EPS. As a group, analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on WBD. Argus raised Warner Bros. Discovery to a "hold" rating in a research report on Tuesday, May 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Warner Bros. Discovery in a report on Tuesday. KeyCorp lowered their price target on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company lifted their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, Morgan Stanley lowered 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 research note on Tuesday, May 6th. Eleven 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 has a consensus rating of "Moderate Buy" and an average target price of $12.17.

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.