NEOS Investment Management LLC Acquires 463,199 Shares of Warner Bros. Discovery, Inc. $WBD

NEOS Investment Management LLC boosted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 69.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,127,770 shares of the company’s stock after acquiring an additional 463,199 shares during the quarter. NEOS Investment Management LLC’s holdings in Warner Bros. Discovery were worth $22,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Merit Financial Group LLC grew its holdings in shares of Warner Bros. Discovery by 14.1% in the third quarter. Merit Financial Group LLC now owns 32,165 shares of the company’s stock worth $628,000 after purchasing an additional 3,968 shares during the last quarter. Zions Bancorporation National Association UT lifted its holdings in Warner Bros. Discovery by 525.9% during the 3rd quarter. Zions Bancorporation National Association UT now owns 10,408 shares of the company’s stock valued at $203,000 after buying an additional 8,745 shares in the last quarter. Vanguard Group Inc. boosted its position in Warner Bros. Discovery by 7.1% in the 3rd quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock valued at $5,492,112,000 after buying an additional 18,736,600 shares during the period. Northwestern Mutual Investment Management Company LLC grew its stake in Warner Bros. Discovery by 9.9% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 78,908 shares of the company’s stock worth $1,541,000 after acquiring an additional 7,086 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Warner Bros. Discovery by 6.9% during the third quarter. Fifth Third Bancorp now owns 86,272 shares of the company’s stock worth $1,685,000 after acquiring an additional 5,604 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WBD. Singular Research raised Warner Bros. Discovery to a “moderate buy” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $29.50 price target on shares of Warner Bros. Discovery in a research report on Monday, December 8th. 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 research note on Friday, November 7th. UBS Group increased their target price on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Morgan Stanley set a $29.00 price target on shares of Warner Bros. Discovery in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Warner Bros. Discovery currently has an average rating of “Hold” and an average price target of $25.09.

Warner Bros. Discovery Stock Performance

Shares of Warner Bros. Discovery stock opened at $28.75 on Wednesday. The company has a market capitalization of $71.24 billion, a PE ratio of 151.32 and a beta of 1.64. The company has a 50-day simple moving average of $28.39 and a two-hundred day simple moving average of $21.86. Warner Bros. Discovery, Inc. has a one year low of $7.52 and a one year high of $30.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: WBD will engage with Paramount to solicit a best-and-final offer after Netflix granted a seven‑day waiver, creating the chance of a higher takeover price that could lift the stock. Warner Bros Seeks Paramount’s “Best and Final Offer,” Upside Ahead?
• Positive Sentiment: Paramount reportedly signaled willingness to raise its bid to $31+ per share if engaged — a higher cash offer would pressure Netflix to respond and could boost WBD’s takeover value. Warner Reopens Talks With Paramount After Sweetened Offer
• Positive Sentiment: The board unanimously recommends shareholders vote for the Netflix merger and set a March 20 meeting — that endorsement provides downside support if Paramount talks fail, reducing near‑term tail risk. Netflix grants Warner Bros. Discovery 7-day waiver to hold deal talks with Paramount Skydance
• Neutral Sentiment: Opinion and broad press coverage are dissecting which bid is truly superior — useful for sentiment but not an immediate catalyst. Opinion | The Warner Bros. Fight Isn’t Over
• Neutral Sentiment: Investor letters and analyst writeups highlighting WBD’s Q4 performance may attract longer‑term interest but aren’t driving the intraday move. Here’s What Lifted Warner Bros. Discovery (WBD) in Q4
• Negative Sentiment: WBD warns that employees could quit if Paramount’s takeover succeeds — a potential execution and retention risk that could concern investors about post‑deal disruption. Warner Bros. Discovery says it’s worried employees will quit if it picks Paramount’s offer
• Negative Sentiment: WBD and analysts flag structural/financing risks in Paramount’s all‑cash, debt‑backed proposal — if financing weakens the deal could be renegotiated or collapse, adding downside risk. Warner Bros rejects Paramount’s revised offer, but gives studio a week to negotiate better deal

Insider Activity at Warner Bros. Discovery

In other news, CFO Gunnar Wiedenfels sold 242,994 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the transaction, the chief financial officer directly owned 918,940 shares of the company’s stock, valued at approximately $27,108,730. This represents a 20.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Lori C. Locke sold 4,122 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $28.92, for a total value of $119,208.24. Following the sale, the chief accounting officer owned 100,962 shares of the company’s stock, valued at approximately $2,919,821.04. This represents a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 267,116 shares of company stock valued at $7,781,731. 1.80% of the stock is 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.