Excalibur Management Corp Sells 3,018 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Excalibur Management Corp trimmed its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,163 shares of the company’s stock after selling 3,018 shares during the period. Excalibur Management Corp’s holdings in Warner Bros. Discovery were worth $213,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WBD. Pathstone Holdings LLC raised its position in shares of Warner Bros. Discovery by 11.6% during the third quarter. Pathstone Holdings LLC now owns 171,331 shares of the company’s stock worth $1,413,000 after acquiring an additional 17,869 shares during the last quarter. Caprock Group LLC bought a new position in Warner Bros. Discovery during the 3rd quarter worth approximately $99,000. Commerce Bank boosted its stake in shares of Warner Bros. Discovery by 2.4% in the 3rd quarter. Commerce Bank now owns 55,963 shares of the company’s stock valued at $462,000 after purchasing an additional 1,286 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Warner Bros. Discovery by 40.3% during the third quarter. Intech Investment Management LLC now owns 118,531 shares of the company’s stock worth $978,000 after buying an additional 34,050 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Warner Bros. Discovery by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,685,506 shares of the company’s stock valued at $129,405,000 after buying an additional 687,612 shares during the period. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Trading Up 0.1 %

Shares of Warner Bros. Discovery stock opened at $10.98 on Wednesday. The company’s 50-day moving average price is $10.45 and its 200-day moving average price is $9.65. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The company has a market cap of $26.95 billion, a price-to-earnings ratio of -2.40, a PEG ratio of 8.64 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). The firm had revenue of $10.03 billion for the quarter, compared to analysts’ expectations of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. On average, equities analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays increased their price target on Warner Bros. Discovery from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Rosenblatt Securities reiterated a “neutral” rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a report on Friday, March 7th. Moffett Nathanson upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and raised their target price for the company from $9.00 to $13.00 in a research note on Tuesday, January 21st. KeyCorp upped their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.91.

Insider Transactions at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $11.41 per share, with a total value of $197,917.86. Following the completion of the purchase, the director now directly owns 159,932 shares in the company, valued at $1,824,824.12. The trade was a 12.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by 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.