Sendero Wealth Management LLC Has $3.94 Million Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Sendero Wealth Management LLC boosted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 1.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 372,846 shares of the company’s stock after purchasing an additional 5,539 shares during the period. Sendero Wealth Management LLC’s holdings in Warner Bros. Discovery were worth $3,941,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new stake in shares of Warner Bros. Discovery during the 3rd quarter worth $41,000. Larson Financial Group LLC increased its stake in Warner Bros. Discovery by 54.1% during the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock valued at $41,000 after acquiring an additional 1,754 shares during the period. Quarry LP grew its holdings in shares of Warner Bros. Discovery by 2,185.1% during the 2nd quarter. Quarry LP now owns 6,307 shares of the company’s stock worth $47,000 after purchasing an additional 6,031 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of Warner Bros. Discovery by 448.3% in the fourth quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock valued at $48,000 after purchasing an additional 3,743 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in Warner Bros. Discovery in the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

WBD has been the topic of several recent research reports. Macquarie lifted their target price on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a report on Thursday, October 10th. Barrington Research reissued an “outperform” rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a report on Friday, December 13th. Barclays boosted their price target on 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. Finally, Bank of America reaffirmed a “buy” rating and set a $14.00 price objective on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.56.

Warner Bros. Discovery Stock Up 0.6 %

Warner Bros. Discovery stock opened at $9.79 on Thursday. The company’s 50 day simple moving average is $10.36 and its 200 day simple moving average is $8.69. The firm has a market capitalization of $24.02 billion, a price-to-earnings ratio of -2.14 and a beta of 1.50. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same period in the prior year, the company earned ($0.17) earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.37 EPS for the current year.

Insider Activity

In other news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the sale, the insider now directly owns 599,317 shares in the company, valued at $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

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.