Holistic Financial Partners Lowers Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Holistic Financial Partners lessened its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 6.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,300 shares of the company’s stock after selling 1,112 shares during the quarter. Holistic Financial Partners’ holdings in Warner Bros. Discovery were worth $183,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its position in 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 worth $21,281,000 after buying an additional 78,653 shares during the last quarter. Hauser Brothers GmbH grew its stake in shares of 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 acquiring an additional 440,000 shares during the period. Private Management Group Inc. grew its stake in shares of Warner Bros. Discovery by 37.7% during the 3rd quarter. Private Management Group Inc. now owns 6,886,143 shares of the company’s stock valued at $56,811,000 after acquiring an additional 1,886,868 shares during the period. Erste Asset Management GmbH bought a new position in shares of Warner Bros. Discovery during the 3rd quarter valued at approximately $1,474,000. Finally, Blueshift Asset Management LLC bought a new position in shares of Warner Bros. Discovery during the 3rd quarter valued at approximately $588,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on WBD. The Goldman Sachs Group boosted their price target on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Guggenheim boosted their price target on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, December 12th. Macquarie boosted their price target on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Moffett Nathanson raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $13.00 in a report on Tuesday, January 21st. Finally, KeyCorp boosted their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of “Moderate Buy” and an average target price of $11.76.

Warner Bros. Discovery Stock Performance

Shares of Warner Bros. Discovery stock opened at $10.78 on Monday. The stock’s fifty day moving average is $10.33 and its two-hundred day moving average is $9.14. The company has a market capitalization of $26.45 billion, a PE ratio of -2.35, a price-to-earnings-growth ratio of 8.64 and a beta of 1.49. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the transaction, the insider now owns 599,317 shares of the company’s stock, valued at $7,407,558.12. This represents a 22.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

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.