Envestnet Asset Management Inc. Reduces Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Envestnet Asset Management Inc. lowered its stake in Warner Bros. Discovery, Inc.

( NASDAQ:WBD – Free Report ) by 6.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,420,357 shares of the company’s stock after selling 91,689 shares during the quarter.



Envestnet Asset Management Inc. owned approximately 0.06% of Warner Bros.

Discovery worth $15,013,000 as of its most recent filing with the SEC. A number of other large investors have also recently bought and sold shares of WBD. Golden State Equity Partners boosted its stake in shares of Warner Bros.

Discovery by 6.5% during the fourth quarter. Golden State Equity Partners now owns 16,124 shares of the company’s stock valued at $170,000 after acquiring an additional 986 shares during the last quarter.

Deseret Mutual Benefit Administrators lifted its holdings in Warner Bros. Discovery by 12.0% in the 4th quarter.

Deseret Mutual Benefit Administrators now owns 9,925 shares of the company’s stock valued at $105,000 after purchasing an additional 1,066 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Warner Bros. Discovery by 7.

4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company’s stock worth $169,000 after purchasing an additional 1,101 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in shares of Warner Bros.

Discovery by 2.8% during the fourth quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company’s stock worth $454,000 after buying an additional 1,174 shares in the last quarter.

Finally, Avestar Capital LLC raised its position in shares of Warner Bros. Discovery by 9.4% in the fourth quarter.

Avestar Capital LLC now owns 14,337 shares of the company’s stock valued at $152,000 after buying an additional 1,228 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Down 4.0 % Shares of WBD opened at $7.

92 on Thursday. 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, Inc. has a 12 month low of $6.64 and a 12 month high of $12.

70. The stock has a market cap of $19.44 billion, a PE ratio of -1.

73, a P/E/G ratio of 8.64 and a beta of 1.43.

The stock’s 50-day moving average is $10.08 and its two-hundred day moving average is $9.74.

Insider Transactions at Warner Bros. Discovery In other Warner Bros. Discovery news, Director Piazza Samuel A.

Jr. Di bought 17,346 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of $11.

41 per share, with a total value of $197,917.86. Following the completion of the transaction, the director now owns 159,932 shares in the company, valued at $1,824,824.

12. The trade was a 12.17 % increase in their ownership of the stock.

The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades A number of analysts recently issued reports on WBD shares. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th.

Barclays lowered their price objective on Warner Bros. Discovery from $12.00 to $7.

00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Raymond James reduced their target price on Warner Bros. Discovery from $14.

00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Benchmark reissued a “buy” rating and issued a $18.

00 price target on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Finally, Moffett Nathanson raised shares of Warner Bros.

Discovery from a “neutral” rating to a “buy” rating and upped their price objective for the company from $9.00 to $13.00 in a research note on Tuesday, January 21st.

Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.

66. Get Our Latest Research Report on WBD Warner Bros. Discovery Profile ( Free Report ) 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.

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