State of New Jersey Common Pension Fund D Sells 31,335 Shares of Warner Bros. Discovery, Inc. $WBD

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 810,518 shares of the company’s stock after selling 31,335 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Warner Bros. Discovery were worth $23,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WBD. Vanguard Group Inc. grew its holdings in Warner Bros. Discovery by 7.1% during the 3rd quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock worth $5,492,112,000 after acquiring an additional 18,736,600 shares in the last quarter. Jericho Capital Asset Management L.P. grew its holdings in Warner Bros. Discovery by 108.9% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock worth $685,413,000 after acquiring an additional 18,291,865 shares in the last quarter. Duquesne Family Office LLC bought a new position in Warner Bros. Discovery during the 2nd quarter worth about $74,916,000. Allianz Asset Management GmbH grew its holdings in Warner Bros. Discovery by 170.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 9,326,978 shares of the company’s stock worth $182,156,000 after acquiring an additional 5,873,183 shares in the last quarter. Finally, Amundi grew its holdings in Warner Bros. Discovery by 59.6% during 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. 59.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WBD has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft cut shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating and increased their target price for the stock from $29.50 to $31.00 in a report on Friday, February 27th. Huber Research cut shares of Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 27th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. KeyCorp reiterated an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Finally, Guggenheim reiterated a “buy” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. One research 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.30.

Warner Bros. Discovery Stock Performance

Shares of Warner Bros. Discovery stock opened at $27.05 on Friday. The firm has a market capitalization of $67.08 billion, a P/E ratio of 93.28 and a beta of 1.63. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average price of $27.59 and a 200 day moving average price of $26.35. Warner Bros. Discovery, Inc. has a 52 week low of $8.06 and a 52 week high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.19). The company had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.33 billion. Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.20) earnings per share. Sell-side analysts expect that Warner Bros. Discovery, Inc. will post -0.1 EPS for the current year.

More Warner Bros. Discovery News

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

• Positive Sentiment: European regulator may clear the Paramount–Skydance deal, which lifted shares on hopes the wider industry consolidation (and WBD’s role in the sector) will proceed with fewer regulatory roadblocks. Article Title
• Positive Sentiment: WBD renewed CFO Gunnar Wiedenfels’s contract through April 2028—a sign of financial leadership continuity that reduces execution risk during strategic moves and integration work. Article Title
• Positive Sentiment: Investor David Einhorn is reportedly bullish on WBD, which can attract attention from other value-oriented funds and support the stock via perceived activist/long-term interest. Article Title
• Neutral Sentiment: Regulatory/ownership filing shows the combined Paramount–WBD entity would be ~38.5% owned by Middle Eastern funds — important for deal financing and governance but may raise scrutiny; impact depends on regulator and investor reactions. Article Title
• Neutral Sentiment: Coverage notes WBD is a trending/widely watched stock (Zacks, other outlets); elevated attention can increase volatility but is ambiguous for direction. Article Title
• Neutral Sentiment: Valuation analysis highlights tension between market multiples and WBD’s cash-flow outlook—this keeps investors debating whether the current price already prices in potential merger/streaming upside. Article Title
• Negative Sentiment: CEO David Zaslav’s 2025 pay reportedly more than tripled to $165M—this raises corporate-governance and shareholder-cost concerns that can weigh on sentiment, especially for ESG- and cost-conscious investors. Article Title
• Negative Sentiment: Analysis pieces highlight significant regulatory and strategic hurdles that could still block or complicate a large-scale Paramount–WBD tie-up; lingering deal uncertainty keeps downside risk alive. Article Title

Insider Transactions at Warner Bros. Discovery

In related news, insider Bruce Campbell sold 1,580,331 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $28.00, for a total value of $44,249,268.00. Following the completion of the transaction, the insider directly owned 690,028 shares of the company’s stock, valued at $19,320,784. This trade represents a 69.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gerhard Zeiler sold 600,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total transaction of $16,812,000.00. Following the completion of the transaction, the insider directly owned 672,649 shares of the company’s stock, valued at $18,847,624.98. The trade was a 47.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,206,827 shares of company stock worth $230,674,025 over the last ninety days. 1.90% of the stock is currently owned by insiders.

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.