MML Investors Services LLC Reduces Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

MML Investors Services LLC lessened its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 20.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 339,036 shares of the company's stock after selling 85,373 shares during the period. MML Investors Services LLC's holdings in Warner Bros. Discovery were worth $3,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WBD. Golden State Equity Partners boosted its holdings in Warner Bros. Discovery by 6.5% in the 4th quarter. Golden State Equity Partners now owns 16,124 shares of the company's stock worth $170,000 after buying an additional 986 shares during the period. Colonial Trust Advisors boosted its stake in shares of Warner Bros. Discovery by 71.8% in 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. Deseret Mutual Benefit Administrators grew its position in shares of Warner Bros. Discovery by 12.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company's stock worth $105,000 after purchasing an additional 1,066 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in Warner Bros. Discovery by 7.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock valued at $169,000 after purchasing an additional 1,101 shares during the period. Finally, Personal CFO Solutions LLC lifted its holdings in Warner Bros. Discovery by 2.8% in the 4th quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company's stock worth $454,000 after purchasing an additional 1,174 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. KeyCorp cut 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 report on Monday, April 14th. Citigroup lifted their price target on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Rosenblatt Securities reissued a "neutral" rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a report on Friday, March 7th. Moffett Nathanson raised Warner Bros. Discovery from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $9.00 to $13.00 in a report on Tuesday, January 21st. Finally, Raymond James decreased their price objective on Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.01.

Insider Buying and Selling

In other news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the acquisition, the director now owns 159,932 shares of the company's stock, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by insiders.

Warner Bros. Discovery Stock Up 2.8 %

Shares of WBD stock traded up $0.24 on Friday, hitting $8.67. The stock had a trading volume of 16,147,257 shares, compared to its average volume of 37,368,629. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The business has a 50 day moving average price of $9.63 and a 200 day moving average price of $9.78. The company has a market cap of $21.27 billion, a PE ratio of -1.89, a P/E/G ratio of 8.64 and a beta of 1.43. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted 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 business had revenue of $10.03 billion for the quarter, compared to analysts' expectations of $10.16 billion. Research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

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.