Brighton Jones LLC Purchases 51,920 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Brighton Jones LLC boosted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 304.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,950 shares of the company’s stock after acquiring an additional 51,920 shares during the quarter. Brighton Jones LLC’s holdings in Warner Bros. Discovery were worth $729,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WBD. Nisa Investment Advisors LLC raised its holdings in shares of Warner Bros. Discovery by 8.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 159,767 shares of the company’s stock valued at $1,689,000 after purchasing an additional 12,910 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in Warner Bros. Discovery during the fourth quarter worth $137,000. Mirabaud & Cie SA raised its holdings in Warner Bros. Discovery by 29.1% during the fourth quarter. Mirabaud & Cie SA now owns 30,000 shares of the company’s stock valued at $317,000 after buying an additional 6,756 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of Warner Bros. Discovery in the fourth quarter worth about $33,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Warner Bros. Discovery by 2,914.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 113,723 shares of the company’s stock worth $1,202,000 after acquiring an additional 109,950 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery 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 completion of the transaction, the insider now owns 599,317 shares in the company, valued at approximately $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 SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WBD shares. KeyCorp raised their price objective on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Barclays boosted their price objective on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Rosenblatt Securities raised their target price on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Macquarie boosted their target price on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Raymond James raised their price target on Warner Bros. Discovery from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.76.

Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock opened at $10.25 on Friday. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. 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 cap of $25.14 billion, a P/E ratio of -2.24, a price-to-earnings-growth ratio of 6.12 and a beta of 1.50. The firm’s 50-day simple moving average is $10.42 and its 200-day simple moving average is $8.82.

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

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.