Mosaic Financial Group LLC Has $496,000 Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mosaic Financial Group LLC cut its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 20.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,964 shares of the company’s stock after selling 12,074 shares during the quarter. Mosaic Financial Group LLC’s holdings in Warner Bros. Discovery were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of WBD. Cerity Partners LLC lifted its position in shares of Warner Bros. Discovery by 81.0% during the 3rd quarter. Cerity Partners LLC now owns 210,104 shares of the company’s stock worth $1,733,000 after buying an additional 94,050 shares in the last quarter. Townsquare Capital LLC increased its position in shares of Warner Bros. Discovery by 47.9% during the third quarter. Townsquare Capital LLC now owns 27,134 shares of the company’s stock valued at $224,000 after acquiring an additional 8,784 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Warner Bros. Discovery by 3.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 435,989 shares of the company’s stock worth $3,597,000 after acquiring an additional 15,414 shares during the period. Public Sector Pension Investment Board boosted its position in Warner Bros. Discovery by 14.0% in the third quarter. Public Sector Pension Investment Board now owns 84,525 shares of the company’s stock worth $697,000 after purchasing an additional 10,400 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new position in Warner Bros. Discovery in the 3rd quarter valued at $1,474,000. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

NASDAQ WBD opened at $10.73 on Tuesday. 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 1 year low of $6.64 and a 1 year high of $12.70. The stock has a market capitalization of $26.34 billion, a PE ratio of -2.34, a P/E/G ratio of 8.64 and a beta of 1.48. The company’s 50 day simple moving average is $10.54 and its two-hundred day simple moving average is $9.75.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). The business had revenue of $10.03 billion during 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%. Analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Insider Activity at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the transaction, the director now owns 159,932 shares of the company’s stock, valued at approximately $1,824,824.12. The trade was a 12.17 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. KeyCorp boosted their price target on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Citigroup increased their target price on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Bank of America reaffirmed a “buy” rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a report on Thursday, December 12th. JPMorgan Chase & Co. increased their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Finally, Moffett Nathanson upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and boosted their target price 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.91.

Warner Bros. Discovery 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.