Gamco Investors INC. ET AL trimmed its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 5.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,967,519 shares of the company's stock after selling 185,816 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.12% of Warner Bros. Discovery worth $57,956,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of WBD. Concord Wealth Partners increased its holdings in shares of Warner Bros. Discovery by 49.9% in the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company's stock worth $26,000 after acquiring an additional 440 shares during the period. Physician Wealth Advisors Inc. boosted 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 valued at $27,000 after purchasing an additional 847 shares during the period. Grove Bank & Trust boosted its stake in Warner Bros. Discovery by 66.5% during the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company's stock valued at $33,000 after purchasing an additional 675 shares during the period. Crews Bank & Trust grew its position in Warner Bros. Discovery by 1,242.2% in the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company's stock worth $34,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in Warner Bros. Discovery by 183.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,891 shares of the company's stock worth $37,000 after purchasing an additional 1,225 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on WBD. Wells Fargo & Company lifted their price target on Warner Bros. Discovery from $21.00 to $25.00 and gave the company an "equal weight" rating in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft lowered Warner Bros. Discovery from a "buy" rating to a "hold" rating and increased their price objective for the stock from $29.50 to $31.00 in a report on Friday, February 27th. TD Cowen upped their price objective on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a "hold" rating in a report on Friday, February 27th. Morgan Stanley set a $29.00 target price on shares of Warner Bros. Discovery in a research report on Thursday, December 18th. Finally, Barrington Research cut shares of Warner Bros. Discovery from an "outperform" rating to a "hold" rating in a research note on Friday, December 5th. Five analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Warner Bros. Discovery presently has an average rating of "Hold" and a consensus target price of $25.99.
Check Out Our Latest Stock Analysis on WBD
Insider Buying and Selling
In other news, CFO Gunnar Wiedenfels sold 374,323 shares of Warner Bros. Discovery stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $28.05, for a total value of $10,499,760.15. Following the transaction, the chief financial officer owned 663,380 shares of the company's stock, valued at $18,607,809. The trade was a 36.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bruce Campbell sold 55,118 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $28.00, for a total transaction of $1,543,304.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,782,159 shares of company stock worth $219,565,426 in the last ninety days. Insiders own 1.90% of the company's stock.
Warner Bros. Discovery News Summary
Here are the key news stories impacting Warner Bros. Discovery this week:
- Positive Sentiment: Paramount/Skydance agreed to buy WBD assets in a deal that could deliver a takeover premium and simplify WBD’s portfolio — this is the primary bullish catalyst for shareholders. Read More.
- Positive Sentiment: Buyer leadership (David Ellison/Paramount/Skydance) publicly pledges to keep CNN independent, reducing regulatory and integration risk that might otherwise erode deal value. Read More.
- Positive Sentiment: Analysts and M&A presentations are framing the transaction as a strategic reset that could unlock value for WBD shareholders (materials outline bidder dynamics and potential synergies). Read More.
- Neutral Sentiment: Netflix has stepped back from the WBD bidding war and is refocusing on core streaming strategy — removes one potential suitor but also leaves bidders like Paramount to set the deal terms. Read More.
- Neutral Sentiment: Coverage notes Netflix received cash from its failed WBD bid and may redeploy capital elsewhere; this is relevant to the competitive landscape but not directly to WBD’s valuation. Read More.
- Neutral Sentiment: Third-party market activity (reports of investors buying Netflix bonds and other opportunistic moves) reflects investor jockeying around the media deal but is peripheral to WBD’s fundamentals. Read More.
- Negative Sentiment: Large, coordinated insider selling reported this week (CEO David Zaslav sold ~4.0M shares; CFO and other senior execs also sold large blocks) — big disposals can pressure sentiment and suggest insiders are taking liquidity or reducing exposure ahead of/after deal activity. Read More.
- Negative Sentiment: Additional insider sales (e.g., Amy Girdwood) and multiple large Form 4s amplify the selling signal and may trigger short-term profit-taking. Read More.
- Negative Sentiment: Analyst pressure: Moffett Nathanson downgraded WBD to neutral (maintains $31 target) and Argus published a pessimistic forecast — bearish notes can cap the stock’s near-term upside and encourage selling. Read More. • Read More.
Warner Bros. Discovery Stock Down 0.3%
Shares of WBD stock opened at $27.93 on Friday. Warner Bros. Discovery, Inc. has a 1 year low of $7.52 and a 1 year high of $30.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.06. The business's fifty day moving average is $28.27 and its 200-day moving average is $23.22. The stock has a market cap of $69.21 billion, a PE ratio of 96.31 and a beta of 1.60.
Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $9.33 billion. Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The company's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.20) EPS. Equities analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.
Warner Bros. Discovery Profile
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Free Report)
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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Want to see what other hedge funds are holding WBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report).
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