Warner Bros. Discovery, Inc. $WBD Stock Holdings Lifted by HBK Investments L P

HBK Investments L P increased its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 15.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,965,932 shares of the company’s stock after acquiring an additional 2,604,732 shares during the quarter. Warner Bros. Discovery makes up about 4.9% of HBK Investments L P’s portfolio, making the stock its 6th biggest holding. HBK Investments L P’s holdings in Warner Bros. Discovery were worth $505,632,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Tidal Investments LLC grew its position in shares of Warner Bros. Discovery by 11.5% in the second quarter. Tidal Investments LLC now owns 149,171 shares of the company’s stock valued at $3,977,000 after purchasing an additional 15,374 shares during the period. MCF Advisors LLC lifted its stake in Warner Bros. Discovery by 35.3% in the 2nd quarter. MCF Advisors LLC now owns 2,516 shares of the company’s stock valued at $67,000 after buying an additional 656 shares in the last quarter. National Pension Service boosted its holdings in Warner Bros. Discovery by 3.5% in the 2nd quarter. National Pension Service now owns 6,792,065 shares of the company’s stock worth $181,076,000 after buying an additional 229,635 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Warner Bros. Discovery by 17.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 35,326 shares of the company’s stock worth $942,000 after buying an additional 5,305 shares during the last quarter. Finally, Community Bank N.A. increased its stake in Warner Bros. Discovery by 9.9% during the 2nd quarter. Community Bank N.A. now owns 4,170 shares of the company’s stock worth $111,000 after buying an additional 374 shares in the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery Price Performance

WBD traded up $0.04 during trading on Wednesday, reaching $28.07. The company’s stock had a trading volume of 20,193,223 shares, compared to its average volume of 22,456,980. The company has a market cap of $70.48 billion, a price-to-earnings ratio of -22.10 and a beta of 1.57. The firm has a fifty day simple moving average of $27.31 and a two-hundred day simple moving average of $27.22. Warner Bros. Discovery, Inc. has a 1 year low of $17.08 and a 1 year high of $30.00. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.20. Warner Bros. Discovery had a negative return on equity of 8.91% and a negative net margin of 8.77%.The business had revenue of $8.72 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period in the prior year, the business earned $0.63 earnings per share. The business’s revenue was down 11.2% compared to the same quarter last year. As a group, analysts anticipate that Warner Bros. Discovery, Inc. will post -1.08 EPS for the current year.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: The U.S. Department of Justice backed Paramount Skydance’s request that states challenging the roughly $110 billion WBD transaction post a bond to cover costs caused by delaying the deal. The support could strengthen Paramount’s procedural position and reduce the risk of prolonged litigation-related delays. US DoJ backs bond demand in Paramount-Warner Bros antitrust fight
• Positive Sentiment: A federal judge scheduled settlement discussions between Paramount and the state attorneys general opposing the merger. Negotiations create a potential path to resolve the antitrust case without a lengthy trial, although no settlement has been announced. Judge Sets Date For Settlement Talks In Paramount-WBD Antitrust Case
• Neutral Sentiment: Paramount Skydance extended the expiration dates for its Warner Bros. Discovery tender and exchange offers, keeping the transaction open while regulatory and legal issues remain unresolved. The extension preserves deal optionality but also highlights that closing is taking longer than expected. Paramount Skydance Extends Expiration Dates for Warner Bros. Discovery Tender and Exchange Offers
• Neutral Sentiment: Analyst price targets and forecasts continue to provide market reference points for WBD, but the stock’s near-term outlook is likely to remain dominated by merger developments rather than standalone operating performance. Warner Bros. Discovery, Inc. stock forecast and price target
• Negative Sentiment: Paramount is preparing contingency plans to leave California amid opposition from state attorneys general, underscoring the escalating political and antitrust conflict surrounding the proposed WBD merger. Separate coverage also examines WBD’s uncertain strategic path if the deal collapses, which could pressure the stock by removing a major takeover catalyst. Paramount preps California exit amid state AGs’ Warner Bros. merger battle What’s Warner Bros. Discovery’s path forward if the Paramount deal collapses?
• Neutral Sentiment: WBD Chief Accounting Officer Lori Locke sold 29,115 shares worth approximately $819,000, reducing her holdings by about 25%. The transaction may attract attention, but an individual insider sale does not necessarily signal a change in the company’s fundamentals. Warner Bros. Discovery insider stock sale filing

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Amy Girdwood sold 262,285 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $27.98, for a total value of $7,338,734.30. Following the completion of the sale, the insider directly owned 539,374 shares in the company, valued at $15,091,684.52. This represents a 32.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anton Levy sold 340,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $28.39, for a total value of $9,652,600.00. Following the completion of the sale, the director directly owned 618,067 shares of the company’s stock, valued at $17,546,922.13. This trade represents a 35.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,782,149 shares of company stock valued at $77,455,972 in the last three months. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Huber Research upgraded Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. Freedom Capital raised Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Seaport Research Partners lowered Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a report on Monday, July 27th. Zacks Research raised shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Weiss Ratings raised shares of Warner Bros. Discovery from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.69.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery, Inc is a global media and entertainment company that develops, produces and distributes television, film and digital content. Its portfolio includes Warner Bros. film and television studios, HBO, CNN, Discovery, TLC, HGTV, Food Network, TNT Sports and other well-known brands.

The company operates streaming services including Max, which features HBO programming, Warner Bros. films, original series and other entertainment content, and discovery+, which focuses on lifestyle, documentary and nonfiction programming.