Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Bought by Sendero Wealth Management LLC

Sendero Wealth Management LLC raised its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 401,208 shares of the company's stock after purchasing an additional 28,362 shares during the quarter. Sendero Wealth Management LLC's holdings in Warner Bros. Discovery were worth $4,305,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Colonial Trust Advisors raised its position in Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock valued at $25,000 after acquiring an additional 996 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Warner Bros. Discovery during the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. lifted its stake in shares of Warner Bros. Discovery by 313.4% in the 4th 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 purchased a new stake in Warner Bros. Discovery during the fourth quarter worth $28,000. Finally, Ethos Financial Group LLC acquired a new stake in Warner Bros. Discovery during the fourth quarter valued at $29,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WBD has been the topic of several recent analyst reports. 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. Barrington Research reiterated an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research report on Tuesday, May 13th. Citigroup dropped 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. Barclays upped their target price on Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Finally, Argus raised shares of Warner Bros. Discovery to a "hold" rating in a research note on Tuesday, May 27th. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $12.17.

Warner Bros. Discovery Trading Down 1.4%

NASDAQ WBD traded down $0.14 on Thursday, reaching $9.65. 44,327,727 shares of the company were exchanged, compared to its average volume of 33,613,094. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The business's fifty day moving average price is $8.89 and its 200 day moving average price is $9.94. The stock has a market capitalization of $23.69 billion, a P/E ratio of -2.11, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) earnings per share (EPS) 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 analyst estimates 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 for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.40) earnings per share. Analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

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.