Mercer Global Advisors Inc. ADV Has $905,000 Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mercer Global Advisors Inc. ADV lessened its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 35.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,574 shares of the company's stock after selling 47,001 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Warner Bros. Discovery were worth $905,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. 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 worth $25,000 after acquiring an additional 996 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at about $26,000. SRS Capital Advisors Inc. increased its position 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 acquiring an additional 1,940 shares during the last quarter. Graney & King LLC purchased a new position in shares of Warner Bros. Discovery during the fourth quarter worth $28,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 59.95% of the company's stock.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $11.41 per share, with a total value of $197,917.86. Following the transaction, the director now owns 159,932 shares of the company's stock, valued at approximately $1,824,824.12. This trade represents a 12.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by company insiders.

Warner Bros. Discovery Price Performance

Shares of WBD stock traded down $0.05 during mid-day trading on Tuesday, hitting $9.18. 35,663,642 shares of the stock traded hands, compared to its average volume of 33,179,516. 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 cap of $22.53 billion, a price-to-earnings ratio of -2.00, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46. The company's 50-day simple moving average is $9.27 and its 200-day simple moving average is $9.86. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $9.66 billion. During the same quarter in the prior year, the firm posted ($0.40) EPS. The business's quarterly revenue was down 9.8% compared to the same quarter last year. As a group, equities research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. KeyCorp reduced their price objective on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Rosenblatt Securities restated a "neutral" rating and issued a $13.00 price target on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Raymond James dropped their price objective 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 raised their price target on Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Citigroup lifted their price objective on Warner Bros. Discovery from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $12.22.

Warner Bros. Discovery Company 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.