Oppenheimer & Co. Inc. Has $5.81 Million Stake in Warner Bros. Discovery, Inc. $WBD

Oppenheimer & Co. Inc. reduced its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 14.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 297,643 shares of the company’s stock after selling 49,362 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Warner Bros. Discovery were worth $5,813,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Warner Bros. Discovery by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 262,477,555 shares of the company’s stock worth $3,007,993,000 after purchasing an additional 5,657,524 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Warner Bros. Discovery by 0.9% in 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 in the last quarter. Invesco Ltd. increased its holdings in Warner Bros. Discovery by 2.8% during the second quarter. Invesco Ltd. now owns 44,574,492 shares of the company’s stock worth $510,824,000 after buying an additional 1,233,195 shares during the last quarter. Norges Bank bought a new stake in Warner Bros. Discovery during the second quarter worth $306,848,000. Finally, Pacer Advisors Inc. lifted its stake in Warner Bros. Discovery by 4,639.8% in the third quarter. Pacer Advisors Inc. now owns 22,788,847 shares of the company’s stock valued at $445,066,000 after acquiring an additional 22,308,046 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: Paramount enhanced its $30 per-share all-cash tender offer by adding a $0.25-per-share “ticking fee” for delays past Dec. 31, 2026, offering to fund Netflix breakup costs and reporting regulatory progress — improving the attractiveness and perceived certainty of Paramount’s alternative. PARAMOUNT ENHANCES ITS SUPERIOR $30 PER SHARE ALL-CASH OFFER FOR WARNER BROS. DISCOVERY
• Positive Sentiment: Short interest in WBD dropped materially in January (about a 29.6% decline vs. mid‑January), reducing immediate downside pressure from short covering dynamics and potentially supporting the stock. (data reported in market notices)
• Neutral Sentiment: Activist investor Ancora built roughly a $200M stake and is pressing Warner Bros. Discovery to walk away from the Netflix deal and favor a pathway toward Paramount/Skydance — this raises the chance of shareholder activism driving a different outcome but is uncertain in effect. Activist investor Ancora pushes Warner Bros to walk away from Netflix deal, WSJ reports
• Neutral Sentiment: Warner’s content pipeline headlines (e.g., the upcoming Harry Potter TV series promoted as a major streaming event) remain positive for long‑term value but are secondary to the takeover/transaction news in driving near‑term price moves. ‘Harry Potter’ Series Set to Be the ‘Streaming Event of the Decade,’ Says Warner Bros. Discovery Streaming Boss
• Negative Sentiment: Regulatory risk: the Netflix acquisition pathway faces antitrust scrutiny in the U.S., which increases the probability of delays, concessions or a blocked transaction — adding deal execution risk and volatility to the stock. Netflix-Warner Bros deal faces anti-trust probe in the US

Insiders Place Their Bets

In other Warner Bros. Discovery news, CAO Lori C. Locke sold 4,122 shares of Warner Bros. Discovery stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $28.92, for a total value of $119,208.24. Following the completion of the sale, the chief accounting officer owned 100,962 shares in the company, valued at $2,919,821.04. The trade was a 3.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the business’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 completion of the sale, the chief financial officer directly owned 918,940 shares of the company’s stock, valued at $27,108,730. This represents a 20.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 267,116 shares of company stock valued at $7,781,731 in the last three months. Insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $27.80 on Wednesday. The stock has a 50 day simple moving average of $28.19 and a 200 day simple moving average of $21.33. The stock has a market cap of $68.89 billion, a P/E ratio of 146.32 and a beta of 1.64. Warner Bros. Discovery, Inc. has a 1-year low of $7.52 and a 1-year high of $30.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WBD shares. Barrington Research cut shares of Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a report on Friday, December 5th. Weiss Ratings downgraded Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. Arete Research upped their price objective on Warner Bros. Discovery from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Benchmark lifted their target price on Warner Bros. Discovery from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Finally, Morgan Stanley set a $29.00 price target on Warner Bros. Discovery in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.94.

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.