Warner Bros. Discovery, Inc. $WBD Shares Sold by Iridian Asset Management LLC CT

Iridian Asset Management LLC CT trimmed its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 73.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 143,177 shares of the company’s stock after selling 405,885 shares during the period. Warner Bros. Discovery makes up about 1.1% of Iridian Asset Management LLC CT’s holdings, making the stock its 27th largest holding. Iridian Asset Management LLC CT’s holdings in Warner Bros. Discovery were worth $2,796,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Grove Bank & Trust grew its holdings in shares of Warner Bros. Discovery by 66.5% during the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock worth $33,000 after purchasing an additional 675 shares during the period. Crews Bank & Trust raised its holdings in Warner Bros. Discovery by 1,242.2% in the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock valued at $34,000 after buying an additional 1,590 shares during the period. Cranbrook Wealth Management LLC raised its holdings in Warner Bros. Discovery by 73.8% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 1,929 shares of the company’s stock valued at $38,000 after buying an additional 819 shares during the period. Salomon & Ludwin LLC lifted its position in Warner Bros. Discovery by 69.7% in the third quarter. Salomon & Ludwin LLC now owns 2,075 shares of the company’s stock valued at $39,000 after buying an additional 852 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in Warner Bros. Discovery by 408.3% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,267 shares of the company’s stock worth $44,000 after buying an additional 1,821 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WBD shares. UBS Group boosted their price target on shares of Warner Bros. Discovery from $10.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Warner Bros. Discovery in a research report on Monday, December 29th. Bank of America raised their price target on Warner Bros. Discovery from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Barclays set a $20.00 price objective on Warner Bros. Discovery in a research note on Wednesday, October 8th. Finally, Argus set a $28.00 target price on Warner Bros. Discovery in a research note on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.22.

Warner Bros. Discovery News Summary

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

• Positive Sentiment: Market analysts note WBD could benefit if Paramount raises its bid or more suitors emerge, creating a potential bidding war that would lift the stock above current levels. Warner Bros. Rejects Paramount’s Offer—How It Affects WBD, NFLX, PSKY
• Positive Sentiment: Paramount Skydance has publicly reaffirmed its $30 per share all‑cash offer, keeping pressure on WBD’s board and preserving the possibility of a higher cash bid that would be immediately valuable to shareholders. PARAMOUNT REAFFIRMS COMMITMENT TO DELIVERING SUPERIOR $30 PER SHARE ALL-CASH OFFER TO WARNER BROS. DISCOVERY SHAREHOLDERS
• Neutral Sentiment: Some large WBD investors are split on Paramount’s offer, meaning shareholder votes could become decisive — this keeps the outcome uncertain but preserves upside if holders defect from the board’s recommendation. Some of Warner Bros’ biggest investors are split on Paramount offer
• Neutral Sentiment: Retail and momentum interest in WBD is elevated (ranked as a trending stock by some services), which can amplify intraday moves during takeover news. Is Trending Stock Warner Bros. Discovery, Inc. (WBD) a Buy Now?
• Negative Sentiment: Paramount has taken an antitrust argument to lawmakers, calling the Netflix‑WBD combination “presumptively unlawful,” which increases regulatory risk and could slow or block the Netflix deal — a headwind for near‑term certainty. Paramount Tells Lawmakers That Netflix-WBD Merger Is “Presumptively Unlawful”
• Negative Sentiment: Paramount is publicly attacking WBD’s planned asset spin‑offs and valuation assumptions (e.g., arguing the cable network spin‑off adds little value), escalating legal and narrative battles that add execution risk for any deal. Why Paramount is now saying the TV networks it wants to buy from WBD are worth $0.00 per share

Warner Bros. Discovery Stock Up 2.0%

Warner Bros. Discovery stock opened at $28.89 on Monday. The firm has a market capitalization of $71.59 billion, a P/E ratio of 152.06 and a beta of 1.56. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a twelve month low of $7.52 and a twelve month high of $30.00. The stock’s fifty day simple moving average is $26.03 and its 200-day simple moving average is $18.86.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, November 6th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Warner Bros. Discovery had a return on equity of 1.34% and a net margin of 1.28%.The company had revenue of $9.05 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the firm earned $0.05 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, equities analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Insider Transactions at Warner Bros. Discovery

In related news, CFO Gunnar Wiedenfels sold 242,994 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 918,940 shares in the company, valued at approximately $27,108,730. This represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lori C. Locke sold 5,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $27.62, for a total transaction of $138,100.00. Following the completion of the transaction, the chief accounting officer owned 110,084 shares of the company’s stock, valued at $3,040,520.08. This represents a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 489,326 shares of company stock valued at $12,781,456. Corporate insiders own 1.80% of the company’s stock.

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.