Howard Capital Management Inc. Has $180,000 Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Howard Capital Management Inc. lessened its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 76.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,034 shares of the company’s stock after selling 55,325 shares during the quarter. Howard Capital Management Inc.’s holdings in Warner Bros. Discovery were worth $180,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WBD. AMF Tjanstepension AB bought a new position in Warner Bros. Discovery in the third quarter valued at about $1,031,000. Blue Trust Inc. grew its position in Warner Bros. Discovery by 132.9% in the third quarter. Blue Trust Inc. now owns 15,449 shares of the company’s stock valued at $127,000 after acquiring an additional 8,815 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Warner Bros. Discovery by 1.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 107,240 shares of the company’s stock valued at $885,000 after acquiring an additional 1,651 shares during the last quarter. International Assets Investment Management LLC grew its position in Warner Bros. Discovery by 629.4% in the third quarter. International Assets Investment Management LLC now owns 189,239 shares of the company’s stock valued at $1,561,000 after acquiring an additional 163,295 shares during the last quarter. Finally, Allworth Financial LP grew its position in Warner Bros. Discovery by 1.3% in the third quarter. Allworth Financial LP now owns 155,174 shares of the company’s stock valued at $1,280,000 after acquiring an additional 1,954 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 599,317 shares of the company’s stock, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $10.69 on Wednesday. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year 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. The business’s 50 day simple moving average is $10.31 and its 200 day simple moving average is $9.19. The stock has a market capitalization of $26.22 billion, a PE ratio of -2.33, a PEG ratio of 8.64 and a beta of 1.49.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wolfe Research upgraded Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. The Goldman Sachs Group boosted their price target on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Macquarie boosted their price target on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Rosenblatt Securities boosted their price target on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Barclays boosted their price target on Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.