Warner Bros. Discovery, Inc. $WBD Stock Holdings Raised by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 283,180,433 shares of the company’s stock after purchasing an additional 1,966,278 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of Warner Bros. Discovery worth $8,161,260,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Jericho Capital Asset Management L.P. grew its stake in Warner Bros. Discovery by 108.9% in the third quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock worth $685,413,000 after purchasing an additional 18,291,865 shares in the last quarter. Northern Trust Corp raised its stake in Warner Bros. Discovery by 3.9% during the third quarter. Northern Trust Corp now owns 23,496,725 shares of the company’s stock valued at $458,891,000 after buying an additional 876,869 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Warner Bros. Discovery by 9.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,820,858 shares of the company’s stock worth $367,417,000 after buying an additional 1,658,317 shares during the last quarter. Amundi grew its position in shares of Warner Bros. Discovery by 59.6% in the 3rd quarter. Amundi now owns 15,523,538 shares of the company’s stock worth $296,189,000 after acquiring an additional 5,798,592 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Warner Bros. Discovery by 6.5% in the 3rd quarter. Legal & General Group Plc now owns 14,285,853 shares of the company’s stock worth $279,003,000 after acquiring an additional 869,863 shares in the last quarter. 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: Shareholders overwhelmingly approved the merger agreement with Paramount Skydance, removing a major corporate-governance obstacle and increasing the likelihood the $81B transaction will close — a primary catalyst that supports a takeover premium and M&A re-rating. Warner Bros. Discovery Stockholders Approve Transaction with Paramount Skydance
• Neutral Sentiment: WBD set the date and time for its Q1 2026 earnings call (Wednesday, May 6, after market close) — a scheduled catalyst that could drive near-term volatility depending on revenue/profit guidance and merger-related commentary. Warner Bros. Discovery Updates the Date and Time of its First Quarter 2026 Earnings Call
• Neutral Sentiment: Shareholders voted down the proposed exit/pay package for CEO David Zaslav and other executives — a sign of shareholder activism and governance friction that could complicate management transitions or retention but reduces a perceived large costs tied to the deal. WBD shareholders approve the Paramount mega-merger — but reject David Zaslav’s pay package
• Neutral Sentiment: WBD shares showed recent weakness versus the broader market, underscoring near-term volatility as investors price the merger, integration risk and upcoming earnings. Warner Bros. Discovery (WBD) Falls More Steeply Than Broader Market
• Negative Sentiment: Protests and political criticism claim the merger could threaten jobs (notably in NYC) and draw public/political pushback — potential PR/regulatory headaches that could slow integration or invite stricter conditions. Zohran Mamdani rips Warner Bros. Discovery’s Paramount merger
• Negative Sentiment: Reports that competitors (reportedly Netflix) have been quietly trying to interfere with the merger raise the prospect of industry pushback or competitive maneuvering that could complicate closing or increase deal costs. Netflix reportedly quietly interfering with Warner Bros.-Paramount merger
• Negative Sentiment: Ongoing protests and media scrutiny create reputational and execution risk during the integration phase, which could pressure shares if investors fear delays, divestitures or regulatory remedies. Flurry Of Protests As WBD Shareholders Set To Vote On Paramount Merger

Analysts Set New Price Targets

Several research firms recently issued reports on WBD. Moffett Nathanson raised Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Raymond James Financial reiterated an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. KeyCorp reissued an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday. Wells Fargo & Company started coverage on shares of Warner Bros. Discovery in a research report on Monday, March 9th. They issued an “equal weight” rating and a $31.00 price target on the stock. Finally, Guggenheim reaffirmed a “buy” rating on shares of Warner Bros. Discovery in a report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.30.

Insider Activity at Warner Bros. Discovery

In related news, CEO David Zaslav sold 4,004,149 shares of Warner Bros. Discovery stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $28.26, for a total transaction of $113,157,250.74. Following the sale, the chief executive officer directly owned 7,200,627 shares in the company, valued at $203,489,719.02. The trade was a 35.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce Campbell sold 1,580,331 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.00, for a total transaction of $44,249,268.00. Following the completion of the sale, the insider directly owned 690,028 shares of the company’s stock, valued at $19,320,784. The trade was a 69.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,206,827 shares of company stock worth $230,674,025 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Warner Bros. Discovery Stock Performance

WBD opened at $27.07 on Monday. The business’s 50 day moving average is $27.71 and its 200-day moving average is $26.21. The stock has a market cap of $67.13 billion, a PE ratio of 93.35 and a beta of 1.63. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. Warner Bros. Discovery, Inc. has a twelve month low of $8.06 and a twelve month high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.33 billion. During the same period last year, the company earned ($0.20) earnings per share. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, analysts predict that Warner Bros. Discovery, Inc. will post -0.1 earnings per share for the current 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.