Parkside Investments LLC Sells 33,450 Shares of Warner Bros. Discovery, Inc. $WBD

Parkside Investments LLC lessened its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 313,204 shares of the company’s stock after selling 33,450 shares during the quarter. Parkside Investments LLC’s holdings in Warner Bros. Discovery were worth $6,117,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Concord Wealth Partners grew its stake in shares of Warner Bros. Discovery by 49.9% during the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in shares of Warner Bros. Discovery by 152.1% in the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after buying an additional 847 shares during the last quarter. Grove Bank & Trust grew its position in Warner Bros. Discovery by 66.5% during the third quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after buying an additional 675 shares during the period. Crews Bank & Trust grew its position in Warner Bros. Discovery by 1,242.2% during the third 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. Finally, Meeder Asset Management Inc. increased its holdings in Warner Bros. Discovery by 183.9% during the third quarter. Meeder Asset Management Inc. now owns 1,891 shares of the company’s stock valued at $37,000 after buying an additional 1,225 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Analyst Ratings Changes

WBD has been the topic of several analyst reports. Arete Research lifted their price target on shares of Warner Bros. Discovery from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Rothschild & Co Redburn set a $31.00 target price on Warner Bros. Discovery and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Moffett Nathanson lifted their target price on Warner Bros. Discovery from $26.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, January 30th. The Goldman Sachs Group boosted their price target on Warner Bros. Discovery from $13.00 to $14.75 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Guggenheim cut Warner Bros. Discovery from a “buy” rating to a “neutral” rating and upped their price target for the stock from $25.00 to $30.00 in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.30.

Insider Buying and Selling

In other news, CFO Gunnar Wiedenfels sold 242,994 shares of Warner Bros. Discovery 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 owned 918,940 shares in the company, valued at $27,108,730. This trade represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 directly owned 110,084 shares in the company, valued at $3,040,520.08. This trade represents a 4.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 262,116 shares of company stock worth $7,665,481. 1.80% of the stock is owned by insiders.

Warner Bros. Discovery Stock Performance

NASDAQ WBD opened at $29.15 on Wednesday. The company has a quick ratio of 1.07, a current 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 business has a 50-day moving average price of $28.32 and a 200-day moving average price of $22.45. The firm has a market cap of $72.23 billion, a price-to-earnings ratio of 153.43 and a beta of 1.64.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: WBD’s board determined Paramount Skydance’s revised proposal could reasonably be expected to lead to a “Company Superior Proposal,” opening the door to further talks and a potential higher takeover price for shareholders. WBD Board Determination (PR Newswire)
• Positive Sentiment: Paramount has sweetened its offer (reports cite roughly $31–$32 per share), which could force a bidding contest or a higher merger consideration for WBD holders. That premium outlook is a direct upside catalyst for the stock. Paramount Boosts Bid (Yahoo)
• Positive Sentiment: WBD reported record streaming viewership during the 2026 Winter Olympics — a fundamental win that supports valuation versus peers and strengthens WBD’s operational story independent of the takeover news. Record Streaming Growth (BroadbandTVNews)
• Neutral Sentiment: WBD stresses the Netflix merger agreement remains in place and the Board continues to recommend the Netflix transaction while it reviews Paramount’s revised proposal — Netflix retains matching rights, keeping deal dynamics complex. Board Statement & Netflix Rights (Reuters)
• Neutral Sentiment: Near-term catalyst: WBD is set to report Q4 results on Feb. 26 — earnings could re-focus attention on fundamentals versus takeover speculation. Q4 Preview (Zacks)
• Neutral Sentiment: An analyst update raised a price target (Sanford C. Bernstein to $27.75) but kept a market-perform rating — mixed signal for investors about near-term upside. Bernstein PT Update (MarketScreener)
• Negative Sentiment: The Netflix transaction is under DOJ antitrust review and has drawn political scrutiny (including pressure tied to a Netflix board member), increasing the risk the Netflix deal could face regulatory hurdles — that uncertainty weighs on deal certainty and valuation. Regulatory/Political Scrutiny (Yahoo Finance)
• Negative Sentiment: Potential auction dynamics and matching rights mean a drawn-out, litigious, or regulatorily challenged process is possible (deadline and negotiating windows could extend uncertainty through March), which can depress the stock until resolution. Merger Auction & Deadline (ProactiveInvestors)

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.