Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,710 shares of the company’s stock after selling 8,484 shares during the period. VisionPoint Advisory Group LLC’s holdings in Warner Bros. Discovery were worth $519,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Handelsbanken Fonder AB increased its position in shares of Warner Bros. Discovery by 62.4% in the fourth quarter. Handelsbanken Fonder AB now owns 589,484 shares of the company’s stock worth $6,231,000 after acquiring an additional 226,456 shares in the last quarter. Good Life Advisors LLC grew its holdings in Warner Bros. Discovery by 19.3% during the 4th quarter. Good Life Advisors LLC now owns 11,952 shares of the company’s stock valued at $126,000 after purchasing an additional 1,930 shares in the last quarter. Summit Place Financial Advisors LLC grew its holdings in Warner Bros. Discovery by 39.1% during the 4th quarter. Summit Place Financial Advisors LLC now owns 85,153 shares of the company’s stock valued at $900,000 after purchasing an additional 23,925 shares in the last quarter. Rye Brook Capital LLC acquired a new stake in Warner Bros. Discovery during the 4th quarter valued at $269,000. Finally, Lorne Steinberg Wealth Management Inc. grew its holdings in Warner Bros. Discovery by 1.3% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 227,662 shares of the company’s stock valued at $2,406,000 after purchasing an additional 2,960 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WBD shares. The Goldman Sachs Group raised their price target on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a report on Thursday, December 19th. Barclays raised their price target on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Rosenblatt Securities raised their price target on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, December 13th. KeyCorp raised their price target on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Guggenheim increased their price objective on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of “Moderate Buy” and an average price target of $11.76.

Insider Transactions at Warner Bros. Discovery

In related news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery stock in a transaction dated 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 sale, the insider now directly owns 599,317 shares in the company, valued at $7,407,558.12. This trade represents a 22.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $11.04 on Friday. The firm’s 50-day moving average is $10.36 and its 200-day moving average is $9.10. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70.

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.