Prospera Financial Services Inc lifted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 693.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 282,402 shares of the company’s stock after buying an additional 246,825 shares during the quarter. Prospera Financial Services Inc’s holdings in Warner Bros. Discovery were worth $5,515,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Warner Bros. Discovery by 304.9% in the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock worth $729,000 after purchasing an additional 51,920 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Warner Bros. Discovery by 50.5% in the first quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock worth $679,000 after purchasing an additional 21,228 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Warner Bros. Discovery by 6.2% in the first quarter. Empowered Funds LLC now owns 65,082 shares of the company’s stock worth $698,000 after purchasing an additional 3,779 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Warner Bros. Discovery by 91.6% in the first quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock worth $1,254,000 after buying an additional 55,837 shares in the last quarter. Finally, Callan Family Office LLC lifted its position in shares of Warner Bros. Discovery by 88.4% in the second quarter. Callan Family Office LLC now owns 35,132 shares of the company’s stock worth $403,000 after buying an additional 16,486 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Raymond James Financial raised their price target on Warner Bros. Discovery from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, November 7th. UBS Group boosted their price target on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Guggenheim downgraded shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $25.00 to $30.00 in a report on Wednesday, January 14th. Wells Fargo & Company lifted their price target on Warner Bros. Discovery from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Finally, Argus boosted their price objective on Warner Bros. Discovery from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.94.
Warner Bros. Discovery Price Performance
WBD stock opened at $27.80 on Wednesday. The stock has a market cap of $68.89 billion, a PE ratio of 146.32 and a beta of 1.64. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $30.00. The company has a 50-day moving average price of $28.19 and a 200 day moving average price of $21.33. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.90.
Insider Activity at Warner Bros. Discovery
In related news, CAO Lori C. Locke sold 5,000 shares of the business’s stock in a transaction 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 in the company, valued at $3,040,520.08. The trade was a 4.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were 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 in the company, valued at $27,108,730. This trade 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 90 days. Company insiders own 1.80% of the company’s stock.
Trending Headlines about Warner Bros. Discovery
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
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.
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