Ameritas Advisory Services LLC Invests $101,000 in Warner Bros. Discovery, Inc. $WBD

Ameritas Advisory Services LLC acquired a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,772 shares of the company’s stock, valued at approximately $101,000.

Several other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in Warner Bros. Discovery during the first quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. purchased a new stake in Warner Bros. Discovery in the 1st quarter valued at $27,000. North Capital Inc. purchased a new stake in Warner Bros. Discovery in the 1st quarter valued at $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in Warner Bros. Discovery in the first quarter valued at $29,000. Finally, Golden State Wealth Management LLC raised its position in Warner Bros. Discovery by 448.0% in the first quarter. Golden State Wealth Management LLC now owns 2,877 shares of the company’s stock valued at $31,000 after purchasing an additional 2,352 shares during the period. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock opened at $17.10 on Friday. Warner Bros. Discovery, Inc. has a twelve month low of $7.25 and a twelve month high of $20.24. The stock has a market capitalization of $42.34 billion, a P/E ratio of 57.00, a PEG ratio of 2.07 and a beta of 1.73. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. The business’s fifty day moving average price is $14.93 and its 200 day moving average price is $11.78.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.79. The company had revenue of $9.81 billion for the quarter, compared to analysts’ expectations of $9.73 billion. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($4.07) earnings per share. As a group, research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Transactions at Warner Bros. Discovery

In other news, CFO Gunnar Wiedenfels sold 530,793 shares of Warner Bros. Discovery stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $19.50, for a total transaction of $10,350,463.50. Following the sale, the chief financial officer directly owned 1,141,150 shares of the company’s stock, valued at approximately $22,252,425. The trade was a 31.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruce Campbell sold 150,000 shares of Warner Bros. Discovery stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $18.00, for a total value of $2,700,000.00. Following the sale, the insider directly owned 252,464 shares in the company, valued at approximately $4,544,352. The trade was a 37.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 970,115 shares of company stock valued at $17,818,490. 1.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on WBD. Moffett Nathanson boosted their price objective on Warner Bros. Discovery from $14.00 to $23.00 and gave the company a “buy” rating in a report on Monday, September 22nd. The Goldman Sachs Group upped their target price on Warner Bros. Discovery from $11.50 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, September 30th. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, September 12th. Weiss Ratings raised Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, Barclays set a $20.00 target price on Warner Bros. Discovery in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Hold” and an average target price of $16.61.

Warner Bros. Discovery Company Profile

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.