Universal Beteiligungs und Servicegesellschaft mbH Has $16.70 Million Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 13.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,556,295 shares of the company's stock after acquiring an additional 180,037 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Warner Bros. Discovery worth $16,699,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Prudential PLC boosted its position in shares of Warner Bros. Discovery by 31.1% during the 4th quarter. Prudential PLC now owns 135,163 shares of the company's stock worth $1,429,000 after purchasing an additional 32,102 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Warner Bros. Discovery during the 4th quarter worth $4,914,000. Polar Asset Management Partners Inc. acquired a new position in shares of Warner Bros. Discovery during the 4th quarter worth $3,022,000. Hi Line Capital Management LLC raised its stake in shares of Warner Bros. Discovery by 17.8% during the 1st quarter. Hi Line Capital Management LLC now owns 597,478 shares of the company's stock worth $6,411,000 after buying an additional 90,462 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Warner Bros. Discovery during the 4th quarter worth $362,210,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on WBD. Wells Fargo & Company lifted their price target on Warner Bros. Discovery from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Guggenheim reaffirmed a "buy" rating on shares of Warner Bros. Discovery in a research note on Tuesday, June 10th. Barrington Research reaffirmed an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research note on Monday, June 9th. Barclays boosted their target price on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Finally, Huber Research raised shares of Warner Bros. Discovery from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, June 9th. Twelve research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Warner Bros. Discovery has an average rating of "Moderate Buy" and a consensus target price of $12.41.

Warner Bros. Discovery Price Performance

WBD traded down $0.01 during trading on Friday, hitting $13.49. The company's stock had a trading volume of 74,364,318 shares, compared to its average volume of 72,897,584. The firm's 50 day moving average price is $10.76 and its two-hundred day moving average price is $10.10. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.99. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $13.68. The stock has a market capitalization of $33.11 billion, a price-to-earnings ratio of -3.07 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). The company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $9.66 billion. Warner Bros. Discovery had a negative net margin of 28.16% and a negative return on equity of 30.56%. The company's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.40) EPS. Sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

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.