Warner Bros. Discovery, Inc. (NASDAQ:WBD) Position Boosted by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,099,247 shares of the company’s stock after purchasing an additional 178,353 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned about 0.13% of Warner Bros. Discovery worth $35,269,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Fortis Group Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the third quarter valued at approximately $25,000. Peoples Bank KS acquired a new position in shares of Warner Bros. Discovery during the third quarter valued at approximately $27,000. Pacifica Partners Inc. increased its stake in shares of Warner Bros. Discovery by 118.2% during the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after acquiring an additional 1,345 shares during the period. Milestone Investment Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the third quarter valued at approximately $28,000. Finally, Headinvest LLC acquired a new position in shares of Warner Bros. Discovery during the third quarter valued at approximately $28,000. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

NASDAQ:WBD traded down $0.18 on Friday, reaching $8.11. The stock had a trading volume of 19,730,287 shares, compared to its average volume of 26,389,982. The company has a market capitalization of $19.79 billion, a P/E ratio of -6.34 and a beta of 1.51. Warner Bros. Discovery, Inc. has a 1-year low of $8.02 and a 1-year high of $14.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90. The stock has a fifty day moving average price of $8.65 and a 200-day moving average price of $9.99.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $10.28 billion during the quarter, compared to analyst estimates of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. Warner Bros. Discovery’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. Research analysts forecast that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WBD. Wolfe Research lowered shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price target on the stock. in a research report on Tuesday. Benchmark reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Warner Bros. Discovery in a research note on Monday, March 4th. Redburn Atlantic lowered shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research note on Thursday, January 11th. Wells Fargo & Company lowered shares of Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $16.00 to $12.00 in a research note on Monday, January 29th. Finally, Rosenblatt Securities raised shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $7.00 to $10.00 in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.83.

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.