Octavia Wealth Advisors LLC purchased a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,100 shares of the company’s stock, valued at approximately $115,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Fortis Group Advisors LLC acquired a new stake in shares of Warner Bros. Discovery during the third quarter valued at about $25,000. Peoples Bank KS acquired a new stake in shares of Warner Bros. Discovery during the third quarter valued at about $27,000. Pacifica Partners Inc. grew its stake in shares of Warner Bros. Discovery by 118.2% during the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after acquiring an additional 1,345 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Warner Bros. Discovery during the third quarter valued at about $28,000. Finally, Headinvest LLC acquired a new stake in shares of Warner Bros. Discovery during the third quarter valued at about $28,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.
Warner Bros. Discovery Stock Performance
WBD opened at $8.23 on Thursday. The business’s 50 day moving average is $8.82 and its 200-day moving average is $10.07. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a twelve month low of $8.02 and a twelve month high of $14.76.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Benchmark restated a “buy” rating and set a $20.00 target price on shares of Warner Bros. Discovery in a research note on Monday, March 4th. Barrington Research reduced their price target on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Macquarie reduced their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, January 22nd. Redburn Atlantic cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research report on Thursday, January 11th. Finally, Morgan Stanley reduced their price target on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.24.
View Our Latest Stock Analysis on WBD
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.
Read More
- Five stocks we like better than Warner Bros. Discovery
- What is MarketRankā¢? How to Use it
- These are the Top 4 Stocks for Buybacks in 2024
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Planet Labs Soars Fueled by AI Data Demand
- Stock Splits, Do They Really Impact Investors?
- United Airlines Soars on Earnings Beat
Want to see what other hedge funds are holding WBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report).
Receive News & Ratings for Warner Bros. Discovery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warner Bros. Discovery and related companies with MarketBeat.com's FREE daily email newsletter.