Lido Advisors LLC Cuts Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Lido Advisors LLC lessened its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 26.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,057 shares of the company's stock after selling 44,263 shares during the quarter. Lido Advisors LLC's holdings in Warner Bros. Discovery were worth $1,290,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Colonial Trust Advisors boosted its position 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 purchasing an additional 996 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Warner Bros. Discovery during the fourth quarter worth $26,000. SRS Capital Advisors Inc. increased its holdings in Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock valued at $27,000 after buying an additional 1,940 shares in the last quarter. Graney & King LLC acquired a new position in shares of Warner Bros. Discovery in the fourth quarter worth about $28,000. Finally, Ethos Financial Group LLC purchased a new position in Warner Bros. Discovery during the fourth quarter worth approximately $29,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the purchase, the director now owns 159,932 shares of the company's stock, valued at $1,824,824.12. This trade represents a 12.17 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Warner Bros. Discovery Price Performance

Shares of WBD stock traded up $0.06 during trading hours on Tuesday, hitting $8.43. The company's stock had a trading volume of 37,882,613 shares, compared to its average volume of 32,916,100. 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 has a fifty day moving average of $9.54 and a 200-day moving average of $9.82. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of -1.84, a P/E/G ratio of 8.64 and a beta of 1.46.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced 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 net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $10.03 billion for the quarter, compared to analyst estimates of $10.16 billion. As a group, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on WBD. Needham & Company LLC reaffirmed a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Barrington Research restated an "outperform" rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. KeyCorp decreased their price objective on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Moffett Nathanson raised Warner Bros. Discovery from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $9.00 to $13.00 in a report on Tuesday, January 21st. Finally, Benchmark restated a "buy" rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.07.

About Warner Bros. Discovery

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.