Intrua Financial LLC Sells 9,761 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Posted by Defense World Staff on Mar 31st, 2023

Intrua Financial LLC lowered its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) by 37.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,416 shares of the company’s stock after selling 9,761 shares during the quarter. Intrua Financial LLC’s holdings in Warner Bros. Discovery were worth $205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WBD. Country Trust Bank bought a new position in Warner Bros. Discovery during the third quarter worth $25,000. JCIC Asset Management Inc. bought a new position in Warner Bros. Discovery during the third quarter worth $25,000. Peoples Financial Services CORP. bought a new position in Warner Bros. Discovery during the fourth quarter worth $25,000. Financial Management Professionals Inc. bought a new stake in Warner Bros. Discovery in the 3rd quarter valued at $26,000. Finally, Guardian Wealth Advisors LLC bought a new stake in Warner Bros. Discovery in the 3rd quarter valued at $26,000. Institutional investors own 55.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WBD shares. Wolfe Research raised shares of Warner Bros. Discovery from a “peer perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Friday, March 17th. Morgan Stanley boosted their price target on shares of Warner Bros. Discovery from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Monday, January 30th. Wells Fargo & Company raised shares of Warner Bros. Discovery from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $13.00 to $20.00 in a report on Friday, March 17th. Guggenheim raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $16.50 price target on the stock in a report on Wednesday, January 11th. Finally, Macquarie boosted their price target on shares of Warner Bros. Discovery from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Moderate Buy” and an average target price of $22.31.

Warner Bros. Discovery Stock Up 1.3 %

Shares of NASDAQ WBD opened at $14.85 on Friday. The firm’s 50-day simple moving average is $14.79 and its 200 day simple moving average is $12.65. The company has a market cap of $36.09 billion, a price-to-earnings ratio of -5.67, a price-to-earnings-growth ratio of 2.16 and a beta of 1.50. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.01. Warner Bros. Discovery, Inc. has a 12-month low of $8.82 and a 12-month high of $27.50.

Warner Bros. Discovery Company Profile

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Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.