Warner Bros. Discovery, Inc. $WBD Position Lessened by Jump Financial LLC

Jump Financial LLC decreased its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 79.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,170 shares of the company's stock after selling 125,644 shares during the period. Jump Financial LLC's holdings in Warner Bros. Discovery were worth $356,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Flagship Harbor Advisors LLC lifted its holdings in shares of Warner Bros. Discovery by 9.7% in the 1st quarter. Flagship Harbor Advisors LLC now owns 14,955 shares of the company's stock worth $160,000 after purchasing an additional 1,318 shares during the last quarter. CX Institutional lifted its holdings in shares of Warner Bros. Discovery by 5.7% in the 1st quarter. CX Institutional now owns 27,324 shares of the company's stock worth $293,000 after purchasing an additional 1,465 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Warner Bros. Discovery by 9.0% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 18,825 shares of the company's stock worth $202,000 after purchasing an additional 1,561 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Warner Bros. Discovery by 2.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 62,966 shares of the company's stock valued at $676,000 after acquiring an additional 1,588 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in Warner Bros. Discovery by 8.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 19,756 shares of the company's stock valued at $212,000 after acquiring an additional 1,618 shares during the period. Institutional investors own 59.95% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on WBD. Argus upgraded Warner Bros. Discovery to a "hold" rating in a research report on Tuesday, May 27th. Benchmark restated a "buy" rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a research report on Monday, July 14th. Wells Fargo & Company raised their target price on Warner Bros. Discovery from $11.00 to $13.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Raymond James Financial lowered their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Finally, KeyCorp lowered their target price on Warner Bros. Discovery from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Warner Bros. Discovery presently has an average rating of "Moderate Buy" and a consensus price target of $13.14.

Warner Bros. Discovery Stock Down 0.2%

Shares of WBD stock opened at $11.62 on Wednesday. Warner Bros. Discovery, Inc. has a 1 year low of $6.78 and a 1 year high of $13.86. The stock has a market cap of $28.77 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 1.55 and a beta of 1.59. The business's fifty day moving average is $12.02 and its 200-day moving average is $10.51. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.04.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.79. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.The company had revenue of $9.81 billion for the quarter, compared to analysts' expectations of $9.73 billion. During the same period last year, the firm earned ($4.07) EPS. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

In related news, Director Anton J. Levy acquired 75,000 shares of Warner Bros. Discovery stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of $11.00 per share, with a total value of $825,000.00. Following the purchase, the director directly owned 949,000 shares in the company, valued at $10,439,000. The trade was a 8.58% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

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.

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