Ingalls & Snyder LLC Sells 5,342 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Ingalls & Snyder LLC trimmed its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 186,886 shares of the company’s stock after selling 5,342 shares during the period. Ingalls & Snyder LLC’s holdings in Warner Bros. Discovery were worth $1,975,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new position in Warner Bros. Discovery in the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Warner Bros. Discovery in the fourth quarter worth approximately $33,000. New Wave Wealth Advisors LLC purchased a new position in shares of Warner Bros. Discovery in the fourth quarter worth $37,000. Larson Financial Group LLC raised its holdings in Warner Bros. Discovery by 54.1% during the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock valued at $41,000 after buying an additional 1,754 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in Warner Bros. Discovery by 448.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock valued at $48,000 after buying an additional 3,743 shares during the period. Institutional investors own 59.95% of the company’s stock.

Insider Activity

In other 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 transaction of $2,094,228.96. Following the transaction, the insider now directly owns 599,317 shares of the company’s stock, valued at $7,407,558.12. This represents a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $10.20 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 $25.02 billion, a price-to-earnings ratio of -2.23, a price-to-earnings-growth ratio of 7.98 and a beta of 1.49. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The company’s 50-day moving average is $10.41 and its 200 day moving average is $9.02.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays upped 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 note on Friday, November 8th. Guggenheim raised their price target on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barrington Research reissued an “outperform” rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a research report on Friday, December 13th. JPMorgan Chase & Co. raised their target price on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Finally, Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.00 to $13.00 in a research report on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Warner Bros. Discovery has an average rating of “Moderate Buy” and a consensus target price of $11.76.

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.