LPL Financial LLC Increases Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

LPL Financial LLC grew its stake in Warner Bros. Discovery, Inc. ( NASDAQ:WBD – Free Report ) by 22.

3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 994,319 shares of the company’s stock after buying an additional 181,176 shares during the quarter.



LPL Financial LLC’s holdings in Warner Bros. Discovery were worth $10,510,000 at the end of the most recent reporting period. Other institutional investors have also recently made changes to their positions in the company.

Golden State Equity Partners lifted its holdings in shares of Warner Bros. Discovery by 6.5% in the 4th quarter.

Golden State Equity Partners now owns 16,124 shares of the company’s stock worth $170,000 after acquiring an additional 986 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in Warner Bros. Discovery by 12.

0% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company’s stock worth $105,000 after purchasing an additional 1,066 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in Warner Bros.

Discovery by 7.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company’s stock valued at $169,000 after buying an additional 1,101 shares during the period.

Personal CFO Solutions LLC grew its stake 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 valued at $454,000 after buying an additional 1,174 shares during the last quarter. Finally, Avestar Capital LLC increased its holdings 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 worth $152,000 after buying an additional 1,228 shares during the period. Institutional investors own 59.

95% of the company’s stock. Insider Transactions at Warner Bros. Discovery In related news, Director Piazza Samuel A.

Jr. Di purchased 17,346 shares of the stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of $11.

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

12. This trade represents a 12.17 % increase in their ownership of the stock.

The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades Check Out Our Latest Report on Warner Bros. Discovery Warner Bros. Discovery Stock Performance Shares of Warner Bros.

Discovery stock opened at $9.16 on Friday. The business has a fifty day simple moving average of $10.

54 and a two-hundred day simple moving average of $9.76. The firm has a market capitalization of $22.

49 billion, a P/E ratio of -2.00, a P/E/G ratio of 8.64 and a beta of 1.

48. The company has a current ratio of 0.80, a quick ratio of 0.

80 and a debt-to-equity ratio of 1.03. Warner Bros.

Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.

70. Warner Bros. Discovery ( NASDAQ:WBD – Get Free Report ) last posted its quarterly earnings data on Thursday, February 27th.

The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.

30). The business had revenue of $10.03 billion for the quarter, compared to the consensus estimate of $10.

16 billion. Warner Bros. Discovery had a negative return on equity of 27.

56% and a negative net margin of 28.34%. On average, equities analysts forecast that Warner Bros.

Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

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. Read More Want to see what other hedge funds are holding WBD? Visit HoldingsChannel.

com to get the latest 13F filings and insider trades for Warner Bros. Discovery, Inc. ( NASDAQ:WBD – Free Report ).

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