Lake Street Advisors Group LLC Sells 3,037 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Lake Street Advisors Group LLC reduced its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 16.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,989 shares of the company’s stock after selling 3,037 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Warner Bros. Discovery were worth $169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Los Angeles Capital Management LLC raised its holdings in shares of Warner Bros. Discovery by 1,586.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 187,526 shares of the company’s stock valued at $1,982,000 after acquiring an additional 176,408 shares in the last quarter. Blackhawk Capital Partners LLC. raised its holdings in Warner Bros. Discovery by 28.0% in the fourth quarter. Blackhawk Capital Partners LLC. now owns 43,219 shares of the company’s stock worth $457,000 after purchasing an additional 9,449 shares in the last quarter. Pine Valley Investments Ltd Liability Co bought a new position in Warner Bros. Discovery in the fourth quarter worth about $23,825,000. IFP Advisors Inc raised its holdings in Warner Bros. Discovery by 124.8% in the fourth quarter. IFP Advisors Inc now owns 58,714 shares of the company’s stock worth $624,000 after purchasing an additional 32,592 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in Warner Bros. Discovery by 8.5% in the fourth quarter. Wealthspire Advisors LLC now owns 22,216 shares of the company’s stock worth $235,000 after purchasing an additional 1,749 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Trading Up 4.2 %

Shares of WBD stock opened at $11.46 on Friday. 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 company has a market cap of $28.11 billion, a price-to-earnings ratio of -2.50, a PEG ratio of 8.64 and a beta of 1.49. The stock has a 50 day simple moving average of $10.32 and a 200-day simple moving average of $9.22. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Raymond James boosted their price target on Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Bank of America restated a “buy” rating and set a $14.00 price target on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. Rosenblatt Securities boosted their price target on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group upped their target price on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Moffett Nathanson upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and upped their target price for the company from $9.00 to $13.00 in a research report on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.75.

Insider Transactions at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the completion of the transaction, the insider now directly owns 599,317 shares of the company’s stock, valued at $7,407,558.12. This represents a 22.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

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.