Prospera Financial Services Inc Has $363,000 Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Posted by on May 14th, 2023

Prospera Financial Services Inc lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) by 15.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,244 shares of the company’s stock after selling 7,050 shares during the quarter. Prospera Financial Services Inc’s holdings in Warner Bros. Discovery were worth $363,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of WBD. Vanguard Group Inc. acquired a new position in shares of Warner Bros. Discovery during the third quarter valued at $2,026,804,000. BlackRock Inc. acquired a new position in shares of Warner Bros. Discovery during the third quarter valued at $1,863,279,000. State Street Corp acquired a new position in shares of Warner Bros. Discovery during the third quarter valued at $1,213,212,000. Baupost Group LLC MA bought a new stake in Warner Bros. Discovery in the third quarter valued at about $333,500,000. Finally, Dimensional Fund Advisors LP bought a new stake in Warner Bros. Discovery in the third quarter valued at about $192,308,000. Institutional investors and hedge funds own 55.18% of the company’s stock.

Warner Bros. Discovery Stock Up 1.1 %

WBD stock opened at $12.51 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.84 and a quick ratio of 0.93. The stock has a market capitalization of $30.40 billion, a P/E ratio of -3.34, a P/E/G ratio of 1.98 and a beta of 1.47. The business has a 50-day moving average of $14.05 and a 200-day moving average of $12.95. Warner Bros. Discovery, Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $18.76.

Warner Bros. Discovery (NASDAQ:WBD – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.45. Warner Bros. Discovery had a positive return on equity of 3.24% and a negative net margin of 21.51%. The company had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $11.03 billion. On average, sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post 1.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on WBD shares. Wells Fargo & Company upgraded Warner Bros. Discovery from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $13.00 to $20.00 in a report on Friday, March 17th. Wolfe Research upgraded Warner Bros. Discovery from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Friday, March 17th. Rosenblatt Securities upped their price objective on Warner Bros. Discovery from $9.00 to $11.00 and gave the company a “sell” rating in a report on Friday, February 24th. 22nd Century Group reiterated a “maintains” rating on shares of Warner Bros. Discovery in a report on Monday, May 8th. Finally, Macquarie upped their price objective on 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 issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.18.

About Warner Bros. Discovery

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

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