Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Purchased by Nepsis Inc.

Nepsis Inc. lifted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,808,758 shares of the company’s stock after purchasing an additional 106,408 shares during the period. Warner Bros. Discovery makes up 2.7% of Nepsis Inc.’s investment portfolio, making the stock its 11th largest holding. Nepsis Inc.’s holdings in Warner Bros. Discovery were worth $19,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in Warner Bros. Discovery by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 454,013 shares of the company’s stock valued at $3,378,000 after acquiring an additional 18,888 shares in the last quarter. XTX Topco Ltd purchased a new position in Warner Bros. Discovery during the 2nd quarter valued at about $351,000. AE Wealth Management LLC increased its holdings in Warner Bros. Discovery by 10.9% during the 2nd quarter. AE Wealth Management LLC now owns 36,968 shares of the company’s stock valued at $275,000 after acquiring an additional 3,642 shares in the last quarter. Sei Investments Co. increased its holdings in Warner Bros. Discovery by 11.6% during the 2nd quarter. Sei Investments Co. now owns 582,071 shares of the company’s stock valued at $4,330,000 after acquiring an additional 60,458 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its holdings in shares of Warner Bros. Discovery by 58.2% during the second quarter. Ensign Peak Advisors Inc now owns 456,868 shares of the company’s stock worth $3,399,000 after buying an additional 168,050 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Insider Buying and Selling

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the sale, the insider now directly owns 599,317 shares of the company’s stock, valued at approximately $7,407,558.12. This represents a 22.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on WBD. Barrington Research reiterated an “outperform” rating and set a $16.00 price target on shares of Warner Bros. Discovery in a report on Friday, December 13th. Macquarie boosted their target price on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Rosenblatt Securities boosted their target price on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Bank of America restated a “buy” rating and issued a $14.00 target price on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Finally, The Goldman Sachs Group boosted their target price on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a report on Thursday, December 19th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of “Moderate Buy” and an average target price of $11.76.

Warner Bros. Discovery Trading Down 0.3 %

Warner Bros. Discovery stock opened at $10.25 on Friday. The company has a 50-day simple moving average of $10.42 and a 200-day simple moving average of $8.81. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. On average, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

About Warner Bros. Discovery

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.