Warner Bros. Discovery, Inc. (NASDAQ: WBD) has experienced significant fluctuations in institutional ownership and analyst ratings, giving a dynamic picture of the stock’s future. With the company’s most recent financial reports and market moves, investors are still focused on its strategic stance in the changing entertainment industry.
Institutional Activity at Warner Bros. Discovery:
Clifford Swan Investment Counsel LLC decreased its interest in WBD by 9.4% in the fourth quarter, selling 44,740 shares to bring its total holdings to 428,775 shares worth $4.53 million. This change mirrors more significant institutional action, with several hedge funds altering their positions.
- Golden State Equity Partners upped their investment by 6.5% to 16,124 shares.
- Deseret Mutual Benefit Administrators increased their holdings by 12% to 9,925 shares.
- Cornerstone Wealth Management LLC grew its holdings by 7.4% and now owns 15,995 shares.
- Avestar Capital LLC increased its holdings by 9.4%, totaling 14,337 shares.
- Commerce Bank upped its holdings by 2.4% to 55,963 shares.
- With institutional investors and hedge funds owning 59.95% of WBD’s shares, large-scale financial institutions still significantly impact the company’s shareholder base.
Analyst Opinions and Stock Success
WBD has received various analyst ratings, expressing cautious optimism and skepticism about its recovery approach. Several businesses have lately modified their price targets:
- Raymond James boosted its target from $11.00 to $12.00 while keeping its “outperform” rating.
- JPMorgan Chase & Co. raised its target from $9.00 to $10.00 and assigned a “neutral” rating.
- Barrington Research confirmed its “outperform” rating with a target price of $16.00.
- Goldman Sachs raised its target price from $9.50 to $10.75, maintaining a “neutral” rating.
- Wolfe Research has raised WBD from “underperform” to “peer perform.”
- Ten analysts rank WBD as a hold and then suggest it as a buy, resulting in a moderate-buy” consensus with an average price target of $11.75.
