Warner Bros. Discovery, Inc. $WBD Shares Acquired by Hauser Brothers GmbH

Key Points

• Hauser Brothers GmbH raised its stake in Warner Bros. Discovery by 19.8% in Q3 to 2,877,000 shares (adding 476,000), making WBD 45.3% of the fund's holdings and worth about $56.19 million (≈0.12% of the company).
• Significant insider selling has occurred recently: Priya Aiyar sold 223,512 shares (~$6.31M) and Gerhard Zeiler sold 600,000 shares (~$16.81M), with insiders offloading 7,571,827 shares worth $213.3M in the last 90 days (insiders now own 1.90%).
• Earnings and analyst view: WBD reported Q4 EPS of -$0.10 (missing the $0.09 estimate) while revenue of $9.46B beat estimates but fell 5.7% year-over-year; the consensus analyst rating is Hold with a $26.30 price target and the stock trading near $27.38.

Hauser Brothers GmbH lifted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 19.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,877,000 shares of the company's stock after buying an additional 476,000 shares during the quarter. Warner Bros. Discovery makes up 45.3% of Hauser Brothers GmbH's holdings, making the stock its largest position. Hauser Brothers GmbH owned about 0.12% of Warner Bros. Discovery worth $56,188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC boosted its position in Warner Bros. Discovery by 304.9% in the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company's stock worth $729,000 after purchasing an additional 51,920 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Warner Bros. Discovery by 50.5% during the 1st quarter. NewEdge Advisors LLC now owns 63,254 shares of the company's stock worth $679,000 after purchasing an additional 21,228 shares during the period. Empowered Funds LLC increased its holdings in shares of Warner Bros. Discovery by 6.2% during the 1st quarter. Empowered Funds LLC now owns 65,082 shares of the company's stock valued at $698,000 after purchasing an additional 3,779 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of Warner Bros. Discovery by 91.6% in the 1st quarter. Focus Partners Wealth now owns 116,821 shares of the company's stock valued at $1,254,000 after purchasing an additional 55,837 shares during the period. Finally, AE Wealth Management LLC boosted its holdings in Warner Bros. Discovery by 7.5% during the second quarter. AE Wealth Management LLC now owns 29,745 shares of the company's stock worth $341,000 after buying an additional 2,086 shares in the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WBD has been the subject of a number of recent analyst reports. Benchmark reaffirmed a "hold" rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. Sanford C. Bernstein raised their target price on Warner Bros. Discovery from $23.50 to $27.75 and gave the company a "market perform" rating in a research report on Tuesday, February 24th. Weiss Ratings upgraded Warner Bros. Discovery from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, February 23rd. Argus reduced their price target on Warner Bros. Discovery from $32.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, March 3rd. Finally, Morgan Stanley set a $29.00 price objective on Warner Bros. Discovery in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Warner Bros. Discovery has an average rating of "Hold" and a consensus price target of $26.30.

Insider Buying and Selling

In other Warner Bros. Discovery news, insider Priya Aiyar sold 223,512 shares of Warner Bros. Discovery stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.24, for a total transaction of $6,311,978.88. Following the sale, the insider owned 919,252 shares of the company's stock, valued at $25,959,676.48. The trade was a 19.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gerhard Zeiler sold 600,000 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $28.02, for a total transaction of $16,812,000.00. Following the sale, the insider directly owned 672,649 shares of the company's stock, valued at $18,847,624.98. The trade was a 47.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,571,827 shares of company stock worth $213,302,225 in the last ninety days. Company insiders own 1.90% of the company's stock.

Warner Bros. Discovery Price Performance

WBD stock traded down $0.05 during trading on Friday, hitting $27.38. The stock had a trading volume of 3,179,508 shares, compared to its average volume of 24,881,879. Warner Bros. Discovery, Inc. has a twelve month low of $7.52 and a twelve month high of $30.00. The company's 50-day moving average price is $28.18 and its two-hundred day moving average price is $23.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $67.84 billion, a P/E ratio of 94.50 and a beta of 1.60.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.19). The firm had revenue of $9.46 billion during the quarter, compared to analysts' expectations of $9.33 billion. Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The business's revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.20) EPS. As a group, research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS 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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