1834 Investment Advisors Co. Reduces Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

1834 Investment Advisors Co. lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 18.4% in the fourth quarter, HoldingsChannel reports. The firm owned 32,545 shares of the company’s stock after selling 7,345 shares during the period. 1834 Investment Advisors Co.’s holdings in Warner Bros. Discovery were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Sugar Maple Asset Management LLC acquired a new position in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $33,000. Rosenberg Matthew Hamilton increased its stake in shares of Warner Bros. Discovery by 448.3% in the fourth quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock worth $48,000 after buying an additional 3,743 shares during the last quarter. Larson Financial Group LLC raised its holdings in Warner Bros. Discovery by 54.1% in the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock valued at $41,000 after acquiring an additional 1,754 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in Warner Bros. Discovery during the 3rd quarter valued at $41,000. Finally, Tompkins Financial Corp grew its holdings in Warner Bros. Discovery by 50.8% during the 4th quarter. Tompkins Financial Corp now owns 5,285 shares of the company’s stock worth $56,000 after acquiring an additional 1,780 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WBD. The Goldman Sachs Group upped their target price on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Barclays increased their target price on Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Moffett Nathanson upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $13.00 in a research note on Tuesday, January 21st. Finally, Macquarie boosted their target price on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.76.

Warner Bros. Discovery Price Performance

Shares of WBD opened at $10.25 on Monday. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The stock’s fifty day moving average is $10.42 and its 200-day moving average is $8.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $25.14 billion, a price-to-earnings ratio of -2.24, a price-to-earnings-growth ratio of 6.12 and a beta of 1.50.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.79 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Warner Bros. Discovery’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.17) EPS. Equities analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insider Buying and Selling

In related news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery stock in a transaction dated 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 transaction, the insider now directly owns 599,317 shares of the company’s stock, valued at $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is 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.