Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Acquired by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. increased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 8.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 520,449 shares of the company’s stock after purchasing an additional 40,037 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Warner Bros. Discovery were worth $5,501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WBD. Handelsbanken Fonder AB grew its position in shares of Warner Bros. Discovery by 62.4% in the 4th 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 lifted its stake in Warner Bros. Discovery by 19.3% during the fourth quarter. Good Life Advisors LLC now owns 11,952 shares of the company’s stock worth $126,000 after purchasing an additional 1,930 shares during the last quarter. Summit Place Financial Advisors LLC boosted its holdings in Warner Bros. Discovery by 39.1% in the fourth quarter. Summit Place Financial Advisors LLC now owns 85,153 shares of the company’s stock worth $900,000 after purchasing an additional 23,925 shares during the period. Rye Brook Capital LLC bought a new stake in Warner Bros. Discovery during the fourth quarter valued at $269,000. Finally, Lorne Steinberg Wealth Management Inc. raised its holdings in shares of Warner Bros. Discovery by 1.3% during the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 227,662 shares of the company’s stock worth $2,406,000 after purchasing an additional 2,960 shares during the period. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Stock Down 2.4 %

WBD opened at $10.78 on Friday. 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 company has a market capitalization of $26.45 billion, a PE ratio of -2.35, a P/E/G ratio of 8.52 and a beta of 1.49. The stock’s fifty day moving average is $10.33 and its 200-day moving average is $9.12. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WBD shares. Barclays boosted their price objective on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Barrington Research reaffirmed an “outperform” rating and set a $16.00 target price on shares of Warner Bros. Discovery in a report on Friday, December 13th. The Goldman Sachs Group raised 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. Rosenblatt Securities upped their price objective on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Guggenheim increased their target price on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.76.

Insider Buying and Selling

In other Warner Bros. Discovery 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 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 filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is 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.