Carmignac Gestion Has $6.49 Million Stock Holdings in Warner Bros. Discovery, Inc. $WBD

Carmignac Gestion increased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 27.1% in the first quarter, Holdings Channel.com reports. The firm owned 236,373 shares of the company’s stock after purchasing an additional 50,418 shares during the quarter. Carmignac Gestion’s holdings in Warner Bros. Discovery were worth $6,491,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Warner Bros. Discovery during the fourth quarter worth $1,123,807,000. Duquesne Family Office LLC bought a new stake in Warner Bros. Discovery in the 2nd quarter valued at $74,916,000. Amundi lifted its position in Warner Bros. Discovery by 59.6% in the 3rd quarter. Amundi now owns 15,523,538 shares of the company’s stock valued at $296,189,000 after acquiring an additional 5,798,592 shares in the last quarter. Marshall Wace LLP bought a new stake in Warner Bros. Discovery in the 3rd quarter valued at $100,135,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Warner Bros. Discovery by 509.5% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 5,981,814 shares of the company’s stock worth $172,396,000 after purchasing an additional 5,000,437 shares during the period. Institutional investors own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

WBD has been the subject of a number of research reports. KeyCorp reiterated an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Seaport Research Partners lowered Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a report on Monday, July 27th. Guggenheim reaffirmed a “neutral” rating on shares of Warner Bros. Discovery in a research report on Thursday, May 7th. UBS Group increased their price objective on Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Huber Research raised Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.04.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $26.30 on Monday. The company has a market cap of $65.94 billion, a P/E ratio of -37.57 and a beta of 1.55. Warner Bros. Discovery, Inc. has a 1-year low of $10.76 and a 1-year high of $30.00. The company has a fifty day simple moving average of $26.57 and a 200 day simple moving average of $27.28. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.10) by ($1.07). Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The business had revenue of $8.89 billion for the quarter, compared to the consensus estimate of $8.89 billion. During the same period last year, the firm earned ($0.18) earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Research analysts anticipate that Warner Bros. Discovery, Inc. will post -1.08 earnings per share for the current fiscal year.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.