Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 1,376,258 Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,376,258 shares of the company's stock, valued at approximately $14,547,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Warner Bros. Discovery at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in WBD. Norges Bank bought a new position in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $362,210,000. Contrarius Group Holdings Ltd bought a new position in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $168,930,000. FMR LLC raised its stake in shares of Warner Bros. Discovery by 478.5% in the 4th quarter. FMR LLC now owns 14,278,600 shares of the company's stock valued at $150,925,000 after acquiring an additional 11,810,191 shares in the last quarter. Slate Path Capital LP raised its stake in shares of Warner Bros. Discovery by 36.6% in the 4th quarter. Slate Path Capital LP now owns 23,801,000 shares of the company's stock valued at $251,577,000 after acquiring an additional 6,381,000 shares in the last quarter. Finally, Sachem Head Capital Management LP acquired a new stake in Warner Bros. Discovery in the 4th quarter valued at approximately $64,847,000. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Stock Performance

WBD stock remained flat at $10.00 during trading on Tuesday. The company had a trading volume of 10,597,161 shares, compared to its average volume of 33,402,048. The firm's fifty day moving average is $8.92 and its two-hundred day moving average is $9.94. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $24.55 billion, a P/E ratio of -2.18, a P/E/G ratio of 8.64 and a beta of 1.46. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $9.66 billion. During the same quarter in the previous year, the firm posted ($0.40) EPS. The company's revenue for the quarter was down 9.8% compared to the same quarter last year. On average, analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WBD shares. Argus raised Warner Bros. Discovery to a "hold" rating in a research report on Tuesday, May 27th. Morgan Stanley dropped their price target on Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Barrington Research reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a research report on Tuesday, May 13th. Raymond James dropped their price target on Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Warner Bros. Discovery in a report on Friday, February 28th. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.17.

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.