Warner Bros. Discovery, Inc. $WBD Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,633,650 shares of the company’s stock after selling 65,000 shares during the quarter. Gabelli Funds LLC owned about 0.11% of Warner Bros. Discovery worth $51,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Concord Wealth Partners boosted its position in Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after buying an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in Warner Bros. Discovery by 152.1% during the 3rd 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. Financial Gravity Companies Inc. purchased a new position in Warner Bros. Discovery during the 2nd quarter worth approximately $29,000. Grove Bank & Trust lifted its stake in Warner Bros. Discovery by 66.5% during the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after acquiring an additional 675 shares during the period. Finally, Crews Bank & Trust lifted its stake in Warner Bros. Discovery by 1,242.2% during the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock valued at $34,000 after acquiring an additional 1,590 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WBD shares. Morgan Stanley set a $29.00 price objective on shares of Warner Bros. Discovery in a research note on Thursday, December 18th. Raymond James Financial restated an “underperform” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Barrington Research lowered shares of Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a report on Friday, December 5th. UBS Group increased their price target on Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, Sanford C. Bernstein lifted their price objective on Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Warner Bros. Discovery presently has an average rating of “Hold” and an average target price of $25.99.

Insider Activity at Warner Bros. Discovery

In other news, CFO Gunnar Wiedenfels sold 374,323 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $28.05, for a total transaction of $10,499,760.15. Following the sale, the chief financial officer directly owned 663,380 shares of the company’s stock, valued at $18,607,809. This represents a 36.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Priya Aiyar sold 223,512 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $28.24, for a total transaction of $6,311,978.88. Following the sale, the insider directly owned 919,252 shares in the company, valued at approximately $25,959,676.48. The trade was a 19.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,782,159 shares of company stock valued at $219,565,426 in the last quarter. 1.90% of the stock is currently owned by insiders.

Warner Bros. Discovery Trading Down 0.3%

Warner Bros. Discovery stock opened at $27.93 on Friday. The firm has a market cap of $69.21 billion, a PE ratio of 96.31 and a beta of 1.60. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $30.00. The stock’s 50 day simple moving average is $28.27 and its two-hundred day simple moving average is $23.22. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.19). Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The firm had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $9.33 billion. During the same period last year, the firm earned ($0.20) earnings per share. Warner Bros. Discovery’s revenue for the quarter was down 5.7% compared to the same quarter last year. Analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Key Stories Impacting Warner Bros. Discovery

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

• Positive Sentiment: Paramount/Skydance agreed to buy WBD assets in a deal that could deliver a takeover premium and simplify WBD’s portfolio — this is the primary bullish catalyst for shareholders. Read More.
• Positive Sentiment: Buyer leadership (David Ellison/Paramount/Skydance) publicly pledges to keep CNN independent, reducing regulatory and integration risk that might otherwise erode deal value. Read More.
• Positive Sentiment: Analysts and M&A presentations are framing the transaction as a strategic reset that could unlock value for WBD shareholders (materials outline bidder dynamics and potential synergies). Read More.
• Neutral Sentiment: Netflix has stepped back from the WBD bidding war and is refocusing on core streaming strategy — removes one potential suitor but also leaves bidders like Paramount to set the deal terms. Read More.
• Neutral Sentiment: Coverage notes Netflix received cash from its failed WBD bid and may redeploy capital elsewhere; this is relevant to the competitive landscape but not directly to WBD’s valuation. Read More.
• Neutral Sentiment: Third-party market activity (reports of investors buying Netflix bonds and other opportunistic moves) reflects investor jockeying around the media deal but is peripheral to WBD’s fundamentals. Read More.
• Negative Sentiment: Large, coordinated insider selling reported this week (CEO David Zaslav sold ~4.0M shares; CFO and other senior execs also sold large blocks) — big disposals can pressure sentiment and suggest insiders are taking liquidity or reducing exposure ahead of/after deal activity. Read More.
• Negative Sentiment: Additional insider sales (e.g., Amy Girdwood) and multiple large Form 4s amplify the selling signal and may trigger short-term profit-taking. Read More.
• Negative Sentiment: Analyst pressure: Moffett Nathanson downgraded WBD to neutral (maintains $31 target) and Argus published a pessimistic forecast — bearish notes can cap the stock’s near-term upside and encourage selling. Read More. • Read More.

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.