IFP Advisors Inc trimmed its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 33.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,956 shares of the company’s stock after selling 19,450 shares during the quarter. IFP Advisors Inc’s holdings in Warner Bros. Discovery were worth $769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently bought and sold shares of WBD. Concord Wealth Partners grew its holdings in Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in shares of Warner Bros. Discovery by 152.1% during the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock valued at $27,000 after purchasing an additional 847 shares during the last quarter. Grove Bank & Trust boosted its position in shares of Warner Bros. Discovery by 66.5% in the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock worth $33,000 after purchasing an additional 675 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Warner Bros. Discovery in the 3rd quarter worth approximately $33,000. Finally, Crews Bank & Trust grew its stake in shares of Warner Bros. Discovery by 1,242.2% in the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock worth $34,000 after buying an additional 1,590 shares during the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.
Warner Bros. Discovery News Roundup
Here are the key news stories impacting Warner Bros. Discovery this week:
- Positive Sentiment: March short-interest fell materially in a prior report — short interest dropped to 47,733,517 shares as of March 13 (down ~22.5% from Feb. 26); days-to-cover ~1.8 days and ~2.0% of float sold short, which can reduce downside pressure from short squeezes.
- Positive Sentiment: Retail and analyst attention has picked up — WBD is being flagged as a trending stock in coverage from Zacks and Yahoo/finance, which can support demand and liquidity. Warner Bros. Discovery, Inc. (WBD) Is a Trending Stock: Facts to Know Before Betting on It
- Neutral Sentiment: Multiple short-interest feeds show conflicting/erroneous data (reports of 0 shares / NaN increases) — data noise may cause confusion about true short positioning and should be treated cautiously by traders.
- Neutral Sentiment: Insider/insider-adjacent trading headlines (e.g., a congressman selling WBD stock after a strong run) are being reported; such items draw attention but don’t necessarily indicate company fundamentals changing. Congressman cashes out Warner Bros. Discovery shares up 150% in last year, here’s why he made less
- Negative Sentiment: Democratic senators have urged the FCC to conduct a “full and independent” foreign-investment review of the proposed Paramount–WBD deal, citing Middle Eastern sovereign fund backing — heightened regulatory scrutiny increases approval risk and timing uncertainty for any merger-related upside. Democratic Senators Call For “Full And Independent” FCC Review Of Foreign Ownership In Paramount-Warner Bros. Discovery Merger
- Negative Sentiment: Opinion pieces and commentary urging antitrust rejection of the tie-up are circulating, which can influence public and regulator sentiment and raise deal skepticism. Why Anti-Trust Regulators Should Reject WBD-Paramount Skydance Link-Up
- Negative Sentiment: A shareholder law firm has announced an investigation into WBD, signaling potential litigation risk tied to disclosures or deal process — another factor that can weigh on sentiment and increase legal/transaction costs. SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Warner Bros. Discovery, Inc. (NASDAQ: WBD)
Warner Bros. Discovery Stock Down 0.4%
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.19). Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The company had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.33 billion. During the same quarter in the prior year, the business posted ($0.20) EPS. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have issued reports on WBD shares. Arete Research reiterated a “neutral” rating and set a $31.25 price objective on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Huber Research cut shares of Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 27th. Weiss Ratings upgraded shares of Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Guggenheim downgraded shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and raised their price target for the company from $25.00 to $30.00 in a research report on Wednesday, January 14th. Finally, Sanford C. Bernstein increased their target price 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. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.30.
Get Our Latest Stock Analysis on WBD
Insider Transactions at Warner Bros. Discovery
In other news, CEO David Zaslav sold 4,004,149 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $28.26, for a total value of $113,157,250.74. Following the transaction, the chief executive officer directly owned 7,200,627 shares in the company, valued at $203,489,719.02. This trade represents a 35.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Bruce Campbell sold 1,580,331 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.00, for a total value of $44,249,268.00. Following the completion of the transaction, the insider directly owned 690,028 shares in the company, valued at $19,320,784. The trade was a 69.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 8,206,827 shares of company stock worth $230,674,025. Company insiders own 1.80% of the company’s stock.
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.
Further Reading
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