NorthRock Partners LLC Invests $111,000 in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

NorthRock Partners LLC acquired a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 10,510 shares of the company’s stock, valued at approximately $111,000.

A number of other large investors have also recently bought and sold shares of the business. Golden State Equity Partners boosted its holdings in shares of Warner Bros. Discovery by 6.5% during 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 lifted its position in Warner Bros. Discovery by 71.8% during the 4th 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 last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Warner Bros. Discovery by 12.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company’s stock valued at $105,000 after acquiring an additional 1,066 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Warner Bros. Discovery by 7.4% in the fourth 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 last quarter. Finally, Personal CFO Solutions LLC increased its stake in shares of Warner Bros. Discovery by 2.8% in the fourth 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 during the period. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Trading Up 0.2%

Shares of WBD opened at $9.16 on Monday. 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 stock has a market cap of $22.49 billion, a PE ratio of -2.00, a PEG ratio of 8.64 and a beta of 1.46. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The stock has a 50 day simple moving average of $9.18 and a 200-day simple moving average of $9.91.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). 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 $8.98 billion for the quarter, compared to analyst estimates of $9.66 billion. During the same quarter in the prior year, the company earned ($0.40) earnings per share. The business’s revenue was down 9.8% compared to the same quarter last year. On average, sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on WBD. Morgan Stanley decreased their target price on Warner Bros. Discovery from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 6th. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Barclays boosted their target price on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Barrington Research reissued an “outperform” rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a report on Tuesday, May 13th. Finally, Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and raised their price target for the stock from $9.00 to $13.00 in a research report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.22.

Insider Buying and Selling

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% 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.