Kovack Advisors Inc. lowered its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 74.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,734 shares of the company’s stock after selling 31,996 shares during the quarter. Kovack Advisors Inc.’s holdings in Warner Bros. Discovery were worth $210,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in Warner Bros. Discovery by 304.9% in the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock valued at $729,000 after acquiring an additional 51,920 shares during the period. NewEdge Advisors LLC lifted its holdings in Warner Bros. Discovery by 50.5% during the first quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock valued at $679,000 after purchasing an additional 21,228 shares in the last quarter. Empowered Funds LLC grew its position in shares of Warner Bros. Discovery by 6.2% in the first 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 during the period. Focus Partners Wealth increased its stake in shares of Warner Bros. Discovery by 91.6% during the first quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock worth $1,254,000 after purchasing an additional 55,837 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its stake in shares of Warner Bros. Discovery by 13.5% during the second quarter. Bleakley Financial Group LLC now owns 25,542 shares of the company’s stock worth $293,000 after purchasing an additional 3,033 shares in the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Rothschild & Co Redburn set a $31.00 price objective on Warner Bros. Discovery and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Arete Research raised their target price on Warner Bros. Discovery from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Morgan Stanley set a $29.00 price target on Warner Bros. Discovery in a research report on Thursday, December 18th. Guggenheim downgraded Warner Bros. Discovery from a “buy” rating to a “neutral” rating and increased their price objective for the company from $25.00 to $30.00 in a research note on Wednesday, January 14th. Finally, UBS Group lifted their target price on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Hold” and an average price target of $25.09.
Insider Activity
In other news, CAO Lori C. Locke sold 5,000 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $27.62, for a total transaction of $138,100.00. Following the transaction, the chief accounting officer owned 110,084 shares of the company’s stock, valued at approximately $3,040,520.08. The trade was a 4.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the sale, the chief financial officer owned 918,940 shares of the company’s stock, valued at approximately $27,108,730. The trade was a 20.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 267,116 shares of company stock worth $7,781,731. Corporate insiders own 1.80% of the company’s stock.
Warner Bros. Discovery Stock Performance
NASDAQ WBD opened at $28.92 on Tuesday. 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 stock’s fifty day moving average is $28.32 and its two-hundred day moving average is $22.32. The firm has a market capitalization of $71.66 billion, a P/E ratio of 152.22 and a beta of 1.64. Warner Bros. Discovery, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $30.00.
More Warner Bros. Discovery News
Here are the key news stories impacting Warner Bros. Discovery this week:
- Positive Sentiment: Paramount Skydance has submitted a higher, sweetened offer for WBD, escalating a bidding contest that typically pushes the target’s share price higher as acquirers top each other. Paramount submits higher offer for Warner Bros Discovery
- Positive Sentiment: Warner posted record streaming audiences for the 2026 Winter Olympics, evidence of improving operating momentum that supports a higher takeout valuation. Warner Bros. Discovery posts record streaming growth for 2026 Winter Olympics
- Neutral Sentiment: Market reports say Paramount may top $31–$32 per share and has been given a short window to submit its best offer; that sets a potential floor for deal negotiations but also keeps uncertainty high. Paramount Skydance Expected to Offer $32 Per Share for WBD
- Neutral Sentiment: Netflix management and outside voices are publicly sparring with critics of the deal (high-profile statements from Ted Sarandos and others); this shapes headlines but hasn’t changed the fundamental bidding dynamics. Netflix’s Ted Sarandos Blasts James Cameron’s Take on WBD Deal Letter
- Negative Sentiment: The U.S. Department of Justice has opened antitrust scrutiny of Netflix’s proposed acquisition of WBD, requesting details from producers and filmmakers — a material regulatory risk that could delay or derail a deal and pressure the stock. DOJ probes Netflix-WBD deal
- Negative Sentiment: Political intervention (President Trump publicly targeting Netflix board members) adds reputational and political uncertainty around a high-profile media takeover, raising headline risk. Trump demands Netflix fire Susan Rice
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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