Voya Investment Management LLC Has $60.58 Million Stock Position in Warner Bros. Discovery, Inc. $WBD

Voya Investment Management LLC lowered its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 45.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,101,738 shares of the company’s stock after selling 2,541,993 shares during the period. Voya Investment Management LLC owned 0.13% of Warner Bros. Discovery worth $60,577,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Warner Bros. Discovery by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 262,477,555 shares of the company’s stock valued at $3,007,993,000 after purchasing an additional 5,657,524 shares during the period. Geode Capital Management LLC grew its holdings in shares of Warner Bros. Discovery by 0.9% during the second quarter. Geode Capital Management LLC now owns 60,091,463 shares of the company’s stock valued at $685,798,000 after buying an additional 551,548 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Warner Bros. Discovery by 2.8% during the second quarter. Invesco Ltd. now owns 44,574,492 shares of the company’s stock valued at $510,824,000 after buying an additional 1,233,195 shares during the last quarter. Sessa Capital IM L.P. increased its position in shares of Warner Bros. Discovery by 4.0% during the first quarter. Sessa Capital IM L.P. now owns 29,555,277 shares of the company’s stock worth $317,128,000 after acquiring an additional 1,144,849 shares in the last quarter. Finally, Norges Bank bought a new position in Warner Bros. Discovery in the 2nd quarter valued at about $306,848,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Warner Bros. Discovery

In related news, CAO Lori C. Locke sold 5,000 shares of Warner Bros. Discovery stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $27.62, for a total value of $138,100.00. Following the completion of the sale, the chief accounting officer owned 110,084 shares of the company’s stock, valued at approximately $3,040,520.08. This trade represents a 4.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the sale, the chief financial officer directly owned 918,940 shares in the company, valued at approximately $27,108,730. This trade represents a 20.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 489,326 shares of company stock valued at $12,781,456. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WBD shares. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, September 12th. Benchmark increased their price target on Warner Bros. Discovery from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Argus set a $28.00 price objective on Warner Bros. Discovery in a research note on Monday, December 8th. Morgan Stanley set a $29.00 target price on shares of Warner Bros. Discovery in a research note on Thursday. Finally, UBS Group raised their price target on shares of Warner Bros. Discovery from $10.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.22.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $27.77 on Friday. Warner Bros. Discovery, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $30.00. The company’s 50-day moving average is $23.39 and its 200 day moving average is $16.81. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $68.81 billion, a P/E ratio of 146.17 and a beta of 1.60.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Warner Bros. Discovery had a return on equity of 1.34% and a net margin of 1.28%.The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the prior year, the firm posted $0.05 EPS. The business’s revenue was down 6.0% on a year-over-year basis. On average, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: WBD’s board formally rejected Paramount Skydance’s hostile approach and urged shareholders to reject that offer in favor of the Netflix proposal, reinforcing management’s preferred path and lowering the chance of an unsolicited break-up at current terms. Read More.
• Positive Sentiment: Analysis shows a Netflix–Warner Bros. combination would be a strategic powerhouse (projected to eclipse Disney’s TV demand share), which supports the argument that the Netflix bid could create significant long‑term value for WBD shareholders. Read More.
• Positive Sentiment: Reports that activist/hedge fund Standard General has been approached about buying or investing in WBD’s cable networks (including CNN) raise the prospect of asset sales or minority investments that could unlock value outside a full sale. That potential monetization pathway is viewed favorably by investors. Read More.
• Neutral Sentiment: Harris Associates, a top-five WBD shareholder, said it would be “very open” to a revised Paramount offer if it is superior and fixes deal-term issues — this keeps the door open for a higher competing bid but also prolongs deal uncertainty. Read More.
• Neutral Sentiment: Market write-ups this week highlight the sudden entry of Paramount into the bidding contest and the sector‑wide reaction; broader market sentiment and rotation also influence WBD’s trading alongside deal news. Read More.
• Negative Sentiment: Paramount’s reported all‑cash $108 billion/$30‑per‑share approach escalates the takeover fight and could force protracted negotiations or a bidding war, increasing execution risk and near‑term volatility for the stock. Read More.
• Negative Sentiment: WBD has pressed for stronger assurances from the Ellison family trust (a personal guarantee) around Paramount’s financing, signaling the board’s doubts about deal certainty — that pushback could complicate or delay any deal and sustain share‑price swings. Read More.

About Warner Bros. Discovery

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.