Danske Bank A S Acquires 73,671 Shares of Warner Bros. Discovery, Inc. $WBD

Key Points

• Danske Bank boosted its stake in Warner Bros. Discovery by 6.8%, buying 73,671 shares to hold 1,156,023 shares worth about $33.3 million as of the latest 13F filing.
• Insiders have been net sellers, offloading 8,206,827 shares valued at $230.7 million over the past three months, leaving insiders with just 1.90% ownership.
• Deal, regulatory and governance risks are driving mixed sentiment—WBD faces an antitrust/viewpoint-diversity suit and scrutiny over CEO compensation while analysts average a "Hold" rating with a $26.30 target after a recent earnings miss.

Danske Bank A S lifted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,156,023 shares of the company's stock after purchasing an additional 73,671 shares during the period. Danske Bank A S's holdings in Warner Bros. Discovery were worth $33,317,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its position in shares of Warner Bros. Discovery by 81.5% during the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company's stock valued at $33,000 after purchasing an additional 521 shares in the last quarter. TOWER TRUST & INVESTMENT Co boosted its position in shares of Warner Bros. Discovery by 4,730.8% during the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company's stock valued at $36,000 after purchasing an additional 1,230 shares in the last quarter. Concord Wealth Partners raised its stake in Warner Bros. Discovery by 49.9% during the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company's stock worth $26,000 after buying an additional 440 shares during the period. Physician Wealth Advisors Inc. raised its stake in Warner Bros. Discovery by 152.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company's stock worth $27,000 after buying an additional 847 shares during the period. Finally, Richardson Financial Services Inc. raised its stake in Warner Bros. Discovery by 226.1% during the 4th quarter. Richardson Financial Services Inc. now owns 1,647 shares of the company's stock worth $47,000 after buying an additional 1,142 shares during the period. Institutional investors own 59.95% of the company's stock.

More Warner Bros. Discovery News

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: Morgan Stanley framed the Paramount–Skydance–Warner combination as “big, bold, and game-changing,” implying material strategic and value upside if the deal clears and assets are reweighted successfully. Paramount Skydance, Warner Bros. merger a 'big, bold, and game-changing move'—Morgan Stanley
• Positive Sentiment: Warner Bros. Discovery renewed CFO Gunnar Wiedenfels’s contract through April 2028 — a governance/stability signal that may reassure investors about execution on finance, integration and deal-related accounting. Warner Bros. Discovery Finance Chief Gunnar Wiedenfels Gets New Contract
• Neutral Sentiment: Analysts maintain an average “Hold” on WBD, reflecting mixed views — upside tied to deal completion, downside tied to regulatory and execution risk. This keeps near-term analyst pressure balanced. Warner Bros. Discovery, Inc. NASDAQ: WBD Given Average Rating of "Hold" by Analysts
• Neutral Sentiment: A recent valuation check highlights a disconnect between market signal and cash-flow estimates — useful framing for long-term investors but not an immediate catalyst absent changes to guidance or deal terms. Warner Bros. Discovery (WBD) Valuation Check As Market Signals Clash With Cash Flow Estimates
• Negative Sentiment: Consumer plaintiffs filed an antitrust and “viewpoint diversity” suit seeking to block the merger, a direct regulatory/legal threat that increases the probability of delays, divestitures or deal rejection. Save CNN: Paramount Hit With Antitrust & “Viewpoint Diversity” Suit By Consumers To Stop WBD Merger; Company Responds
• Negative Sentiment: Coverage of CEO David Zaslav’s compensation tripling to $165M and critical reporting about his role in the proposed sale raise governance and optics concerns that could weigh on sentiment and invite investor scrutiny. Warner Bros. CEO's pay package triples to $165M
• Negative Sentiment: Critical commentary and reporting (NY Post, Vulture) question management incentives and outline legal/competitive obstacles to the merger, amplifying reputational risk and potential regulatory pushback. David Zaslav isn’t just making himself rich selling Warner to Paramount — ask his employees

Insider Buying and Selling at Warner Bros. Discovery

In related news, insider Bruce Campbell sold 41,784 shares of the company's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $27.82, for a total transaction of $1,162,430.88. Following the completion of the sale, the insider owned 604,666 shares in the company, valued at approximately $16,821,808.12. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Fazal F. Merchant sold 35,000 shares of the company's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $27.48, for a total value of $961,800.00. Following the sale, the director owned 95,539 shares of the company's stock, valued at $2,625,411.72. This trade represents a 26.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,206,827 shares of company stock valued at $230,674,025 in the last three months. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WBD shares. Arete Research reaffirmed a "neutral" rating and set a $31.25 price target on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Wells Fargo & Company started coverage on Warner Bros. Discovery in a research note on Monday, March 9th. They set an "equal weight" rating and a $31.00 price target on the stock. Moffett Nathanson raised Warner Bros. Discovery from a "hold" rating to a "strong-buy" rating in a research note on Sunday, March 8th. UBS Group upped their price target on Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 28th. Finally, Sanford C. Bernstein upped their price target on Warner Bros. Discovery from $23.50 to $27.75 and gave the stock a "market perform" rating in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $26.30.

Warner Bros. Discovery Stock Down 0.3%

Shares of NASDAQ:WBD opened at $26.97 on Friday. The stock has a market cap of $67.61 billion, a price-to-earnings ratio of 93.00 and a beta of 1.57. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.87. Warner Bros. Discovery, Inc. has a 12-month low of $8.06 and a 12-month high of $30.00. The business's 50 day moving average is $27.59 and its 200 day moving average is $26.35.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.19). Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The company had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter last year, the company posted ($0.20) EPS. The company's quarterly revenue was down 5.7% compared to the same quarter last year. On average, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -0.1 earnings per share for the current fiscal year.

Warner Bros. Discovery 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.

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