Warner Bros. Discovery, Inc. $WBD Shares Sold by PFG Investments LLC

PFG Investments LLC cut its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 17.9% in the 3rd quarter, Holdings Channel reports. The fund owned 80,824 shares of the company’s stock after selling 17,604 shares during the quarter. PFG Investments LLC’s holdings in Warner Bros. Discovery were worth $1,578,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of WBD. TriaGen Wealth Management LLC purchased a new position in Warner Bros. Discovery during the 3rd quarter worth $443,000. Penserra Capital Management LLC increased its stake in shares of Warner Bros. Discovery by 29,882.6% during the second quarter. Penserra Capital Management LLC now owns 62,064 shares of the company’s stock worth $710,000 after acquiring an additional 61,857 shares during the period. Country Club Bank increased its stake in shares of Warner Bros. Discovery by 54.3% during the second quarter. Country Club Bank now owns 502,878 shares of the company’s stock worth $5,683,000 after acquiring an additional 176,994 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Warner Bros. Discovery by 7.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 19,463,234 shares of the company’s stock worth $223,049,000 after purchasing an additional 1,333,005 shares in the last quarter. Finally, Swedbank AB lifted its position in Warner Bros. Discovery by 3.7% in the third quarter. Swedbank AB now owns 1,065,445 shares of the company’s stock valued at $20,808,000 after purchasing an additional 37,986 shares during the period. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Warner Bros. Discovery

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

• Positive Sentiment: WBD says over 93% of shareholders have rejected Paramount’s “inferior scheme,” signaling strong shareholder support for the Netflix transaction and reducing near-term takeover uncertainty. Warner Bros. Discovery says over 93% of shareholders have rejected Paramount’s inferior scheme in favor of Netflix deal
• Positive Sentiment: Netflix executives publicly assert they are on track to win WBD shareholder backing and dismiss Paramount’s bid, which supports the probability of the Netflix all-cash $82.7B offer closing (boosts likelihood of deal premium for WBD holders). Netflix says Paramount bid ‘doesn’t pass sniff test’ as Warner battle intensifies, FT says
• Neutral Sentiment: Paramount Skydance has extended its hostile tender deadline to Feb. 20 — the extension buys Paramount time to persuade investors but hasn’t changed WBD’s board backing for Netflix; it prolongs deal uncertainty rather than resolving it. Paramount extends deadline on hostile Warner Bros bid to February 20
• Neutral Sentiment: Regulatory review — especially in Europe — is highlighted as a pivotal hurdle; even with shareholder backing, clearance remains uncertain and could materially affect timing and deal structure. Paramount is betting European regulators won’t approve WBD-Netflix. Here’s how it could play out
• Negative Sentiment: Paramount filed a lawsuit challenging the WBD-Netflix deal, which adds legal risk and could delay closing or increase deal costs if litigation succeeds or forces concessions. Paramount Files Lawsuit Against Warner Bros. Discovery Over Netflix Deal
• Negative Sentiment: Market weakness at Netflix (big recent share decline after its Q4 report) raises questions about Netflix’s financial and market strength to complete an $82.7B all-cash purchase, which could weigh on perceptions of deal certainty and WBD’s near-term premium. Netflix Stock Drops 35%+ After Q4 as WBD Deal Risk Rises
• Negative Sentiment: Regulatory and political scrutiny is intensifying — Netflix execs are slated to testify to U.S. lawmakers about the acquisition, increasing the chance of political/antitrust complications that could slow or block the transaction. Netflix’s Sarandos to testify in Senate hearing on Warner deal, Bloomberg News reports

Insider Activity

In other Warner Bros. Discovery news, CAO Lori C. Locke sold 4,122 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $28.92, for a total transaction of $119,208.24. Following the sale, the chief accounting officer owned 100,962 shares in the company, valued at approximately $2,919,821.04. This represents a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total value of $7,168,323.00. Following the completion of the transaction, the chief financial officer directly owned 918,940 shares of the company’s stock, 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. Insiders sold 489,326 shares of company stock worth $12,781,456 in the last ninety days. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

WBD has been the subject of a number of analyst reports. Guggenheim downgraded Warner Bros. Discovery from a “buy” rating to a “neutral” rating and increased their target price for the stock from $25.00 to $30.00 in a research note on Wednesday, January 14th. Bank of America upped their price objective on Warner Bros. Discovery from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. UBS Group set a $32.00 price objective on Warner Bros. Discovery in a research report on Thursday, January 15th. Argus set a $28.00 target price on shares of Warner Bros. Discovery in a research report on Monday, December 8th. Finally, Benchmark increased their price target on shares of Warner Bros. Discovery from $30.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, Warner Bros. Discovery presently has an average rating of “Moderate Buy” and a consensus price target of $24.75.

Warner Bros. Discovery Stock Up 0.8%

Warner Bros. Discovery stock opened at $28.58 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 firm has a market capitalization of $70.82 billion, a price-to-earnings ratio of 150.43 and a beta of 1.56. The stock’s fifty day moving average is $27.21 and its two-hundred day moving average is $20.02. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07.

Warner Bros. Discovery (NASDAQ:WBD) last released 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). The business had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Warner Bros. Discovery had a return on equity of 1.34% and a net margin of 1.28%.Warner Bros. Discovery’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Warner Bros. Discovery Company 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.