Personal CFO Solutions LLC Buys 1,174 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Personal CFO Solutions LLC lifted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,935 shares of the company’s stock after purchasing an additional 1,174 shares during the quarter. Personal CFO Solutions LLC’s holdings in Warner Bros. Discovery were worth $454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WBD. Principal Financial Group Inc. lifted its stake in shares of Warner Bros. Discovery by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock valued at $21,281,000 after acquiring an additional 78,653 shares during the last quarter. Hauser Brothers GmbH raised its position in Warner Bros. Discovery by 56.1% during the 3rd quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company’s stock valued at $10,106,000 after purchasing an additional 440,000 shares during the last quarter. Erste Asset Management GmbH bought a new position in Warner Bros. Discovery during the 3rd quarter valued at approximately $1,474,000. Blueshift Asset Management LLC bought a new position in Warner Bros. Discovery during the 3rd quarter valued at approximately $588,000. Finally, Natixis Advisors LLC raised its position in Warner Bros. Discovery by 22.7% during the 3rd quarter. Natixis Advisors LLC now owns 280,982 shares of the company’s stock valued at $2,318,000 after purchasing an additional 52,051 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on WBD shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $13.00 price target on shares of Warner Bros. Discovery in a research report on Friday. JPMorgan Chase & Co. increased their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Benchmark reissued a “buy” rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. The Goldman Sachs Group increased their target price on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, Citigroup increased their target price on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a “buy” rating in a research report 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.91.

Warner Bros. Discovery Price Performance

NASDAQ WBD opened at $11.07 on Monday. The stock’s fifty day moving average price is $10.39 and its 200 day moving average price is $9.39. The company has a market cap of $27.16 billion, a price-to-earnings ratio of -2.42, a PEG ratio of 8.64 and a beta of 1.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. 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 quarterly 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). 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 for the quarter, compared to analyst estimates of $10.16 billion. As a group, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the transaction, the insider now directly owns 599,317 shares of the company’s stock, valued at $7,407,558.12. This trade represents a 22.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was acquired 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 directly owns 159,932 shares in the company, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by corporate insiders.

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.