Warner Bros. Discovery, Inc. $WBD Holdings Decreased by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 17.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 7,411,707 shares of the company’s stock after selling 1,569,554 shares during the period. SG Americas Securities LLC’s holdings in Warner Bros. Discovery were worth $203,525,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. JFS Wealth Advisors LLC boosted its position in Warner Bros. Discovery by 12.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 3,425 shares of the company’s stock worth $99,000 after acquiring an additional 378 shares during the period. Salomon & Ludwin LLC increased its holdings in shares of Warner Bros. Discovery by 20.2% in the 4th quarter. Salomon & Ludwin LLC now owns 2,494 shares of the company’s stock valued at $71,000 after purchasing an additional 419 shares during the period. CYBER HORNET ETFs LLC increased its holdings in shares of Warner Bros. Discovery by 7.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 6,396 shares of the company’s stock valued at $184,000 after purchasing an additional 425 shares during the period. Root Financial Partners LLC lifted its position in shares of Warner Bros. Discovery by 17.5% in the fourth quarter. Root Financial Partners LLC now owns 2,879 shares of the company’s stock worth $83,000 after purchasing an additional 429 shares in the last quarter. Finally, Optas LLC lifted its position in shares of Warner Bros. Discovery by 3.0% in the fourth quarter. Optas LLC now owns 15,120 shares of the company’s stock worth $436,000 after purchasing an additional 435 shares in the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WBD has been the topic of a number of research analyst reports. KeyCorp reaffirmed an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. Sanford C. Bernstein increased their target price on shares of Warner Bros. Discovery from $23.50 to $27.75 and gave the stock a “market perform” rating in a research report on Tuesday, February 24th. Arete Research reissued a “neutral” rating and set a $31.25 target price on shares of Warner Bros. Discovery in a research note on Friday, February 27th. TD Cowen lifted their target price on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, February 27th. Finally, Benchmark restated a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Warner Bros. Discovery currently has an average rating of “Hold” and an average target price of $27.04.

Warner Bros. Discovery Stock Performance

Shares of WBD opened at $26.20 on Monday. The company’s fifty day moving average is $27.02 and its 200-day moving average is $27.65. Warner Bros. Discovery, Inc. has a 12 month low of $10.27 and a 12 month high of $30.00. The firm has a market cap of $65.69 billion, a price-to-earnings ratio of -37.43 and a beta of 1.54. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.92.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). The business had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.18) earnings per share. Equities analysts expect that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current fiscal year.

Warner Bros. Discovery Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.