SVB Wealth LLC Has $213,000 Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

SVB Wealth LLC cut its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 23.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,433 shares of the company’s stock after selling 7,578 shares during the period. SVB Wealth LLC’s holdings in Warner Bros. Discovery were worth $213,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC acquired a new position in Warner Bros. Discovery in the first quarter valued at about $27,000. First Financial Corp IN boosted its position in shares of Warner Bros. Discovery by 577.4% during the first quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock worth $30,000 after buying an additional 2,887 shares during the period. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Warner Bros. Discovery during the fourth quarter worth about $33,000. Future Financial Wealth Managment LLC acquired a new position in shares of Warner Bros. Discovery during the first quarter worth about $33,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Warner Bros. Discovery during the fourth quarter worth about $35,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WBD has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on Warner Bros. Discovery in a report on Tuesday, June 25th. They set a “neutral” rating and a $8.50 target price on the stock. Macquarie lowered Warner Bros. Discovery from an “outperform” rating to a “neutral” rating and set a $9.00 target price on the stock. in a report on Thursday, July 25th. Morgan Stanley dropped their price objective on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday. Wolfe Research lowered Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, April 23rd. Finally, Benchmark restated a “buy” rating and issued a $20.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Warner Bros. Discovery currently has an average rating of “Hold” and an average target price of $11.82.

Warner Bros. Discovery Trading Up 4.3 %

Shares of WBD stock opened at $8.78 on Wednesday. The stock’s fifty day moving average price is $7.73 and its two-hundred day moving average price is $8.53. The company has a market cap of $21.51 billion, a PE ratio of -7.08 and a beta of 1.49. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.94 and a fifty-two week high of $14.76. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.82 and a current ratio of 0.82.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). The business had revenue of $9.96 billion during the quarter, compared to analyst estimates of $10.22 billion. Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS. Equities analysts predict that Warner Bros. Discovery, Inc. will post -0.41 EPS for the current fiscal year.

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.