Three Seasons Wealth LLC Purchases New Position in Warner Bros. Discovery, Inc. $WBD

Three Seasons Wealth LLC acquired a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 109,473 shares of the company’s stock, valued at approximately $3,155,000. Warner Bros. Discovery comprises about 0.3% of Three Seasons Wealth LLC’s portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors have also recently bought and sold shares of WBD. Vanguard Group Inc. increased its stake in Warner Bros. Discovery by 7.1% in the third quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock valued at $5,492,112,000 after purchasing an additional 18,736,600 shares in the last quarter. Invesco Ltd. boosted its position 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 worth $510,824,000 after purchasing an additional 1,233,195 shares in the last quarter. Jericho Capital Asset Management L.P. grew its holdings in shares of Warner Bros. Discovery by 108.9% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock valued at $685,413,000 after buying an additional 18,291,865 shares during the period. Northern Trust Corp grew its holdings in shares of Warner Bros. Discovery by 3.9% in the 3rd 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 during the period. Finally, Pacer Advisors Inc. increased its position in shares of Warner Bros. Discovery by 4,639.8% in the 3rd quarter. Pacer Advisors Inc. now owns 22,788,847 shares of the company’s stock valued at $445,066,000 after buying an additional 22,308,046 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

WBD has been the topic of several recent analyst reports. Raymond James Financial reiterated an “underperform” rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft downgraded Warner Bros. Discovery from a “buy” rating to a “hold” rating and increased their price target for the stock from $29.50 to $31.00 in a report on Friday, February 27th. Argus cut their price objective on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Moffett Nathanson upgraded Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Finally, UBS Group increased their target price on 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 equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.30.

Insiders Place Their Bets

In related news, CFO Gunnar Wiedenfels sold 374,323 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.05, for a total transaction of $10,499,760.15. Following the sale, the chief financial officer owned 663,380 shares in the company, valued at approximately $18,607,809. This represents a 36.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul A. Gould sold 600,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $27.35, for a total value of $16,410,000.00. Following the transaction, the director directly owned 244,357 shares of the company’s stock, valued at $6,683,163.95. This trade represents a 71.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,206,827 shares of company stock valued at $230,674,025 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: Paramount Skydance executives and WBD management are highlighting potential cost savings, tech and AI-enabled efficiencies from the proposed merger—news that supports upside from deal synergies if the transaction closes. David Ellison On Cost Savings, Growth, The Tech Stack & AI As WBD Merger
• Positive Sentiment: FIE extended its partnership with WBD, signaling steady international distribution demand for WBD content and supporting recurring revenue streams outside the U.S. FIE extends WBD partnership
• Positive Sentiment: WBD Access launched a production incubator tied to a Food Network format—an example of low-risk content development that can feed streaming and linear schedules and reduce content costs over time. WBD Access Launches Production Incubator for Food Network Show
• Positive Sentiment: Seasonal promotions like the Looney Tunes spring event boost short-term engagement, merchandising and advertising opportunities across networks and streaming — incremental revenue drivers. WBD Celebrates Spring with Looney Tunes Seasonal Event
• Neutral Sentiment: The boards of WBD and Paramount Skydance have scheduled a shareholder vote on the proposed merger and are recommending approval; the vote is a near-term catalyst but outcome timing and investor reception remain event risks. Warner Bros Discovery Vote Weighs Cash Offer Against Streaming Future
• Neutral Sentiment: Industry commentary on Netflix’s withdrawal from the WBD bidding war highlights that competitive consolidation can reshape peers’ strategies; this is more material to rivals (NFLX) than to WBD’s fundamentals. Why Losing the Warner Bros Deal May Be the Best Outcome for Netflix Stock (WBD)
• Negative Sentiment: The U.S. Department of Justice issued a subpoena related to Paramount Skydance’s acquisition of WBD, introducing regulatory risk that could delay, alter or even block the deal—this is the main near-term downside risk for the stock. US DOJ Issues Subpoena for Paramount Sky (PSKY.US) Acquisition of Warner Bros. Discovery (WBD.US)

Warner Bros. Discovery Stock Up 1.4%

Warner Bros. Discovery stock opened at $27.46 on Wednesday. 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 1-year low of $7.52 and a 1-year high of $30.00. The company has a fifty day simple moving average of $27.86 and a 200 day simple moving average of $25.16. The company has a market cap of $68.10 billion, a P/E ratio of 94.69 and a beta of 1.60.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $9.33 billion. During the same period last year, the firm earned ($0.20) earnings per share. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. Research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

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.