Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Mariner LLC

Mariner LLC decreased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 27.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 512,148 shares of the company's stock after selling 192,842 shares during the period. Mariner LLC's holdings in Warner Bros. Discovery were worth $5,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SageView Advisory Group LLC purchased a new position in Warner Bros. Discovery during the 4th quarter valued at $110,000. Keystone Financial Group bought a new stake in shares of Warner Bros. Discovery during the fourth quarter worth $168,000. Summit Investment Advisors Inc. boosted its stake in shares of Warner Bros. Discovery by 4.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 100,727 shares of the company's stock valued at $1,065,000 after purchasing an additional 4,270 shares during the period. Sagespring Wealth Partners LLC purchased a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at $168,000. Finally, Sterling Capital Management LLC grew its holdings in shares of Warner Bros. Discovery by 55.5% in the fourth quarter. Sterling Capital Management LLC now owns 143,882 shares of the company's stock worth $1,521,000 after purchasing an additional 51,329 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Stock Up 1.5 %

NASDAQ WBD traded up $0.13 during trading on Friday, hitting $8.63. The company's stock had a trading volume of 10,720,020 shares, compared to its average volume of 32,859,711. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a market cap of $21.17 billion, a PE ratio of -1.88, a P/E/G ratio of 8.64 and a beta of 1.43. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The business's 50 day simple moving average is $9.85 and its 200-day simple moving average is $9.75.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company had revenue of $10.03 billion during the quarter, compared to analyst estimates of $10.16 billion. On average, equities analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Analysts Set New Price Targets

WBD has been the subject of several research reports. Needham & Company LLC reissued a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Raymond James decreased their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Barclays dropped their price target on Warner Bros. Discovery from $12.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Benchmark restated a "buy" rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Finally, Citigroup increased their target price on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.01.

Insider Activity

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of $11.41 per share, with a total value of $197,917.86. Following the purchase, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. The trade was a 12.17 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company's stock.

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.