ING Groep NV Buys 254,128 Shares of Warner Bros. Discovery, Inc. $WBD

ING Groep NV boosted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 688.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 291,059 shares of the company’s stock after purchasing an additional 254,128 shares during the period. ING Groep NV’s holdings in Warner Bros. Discovery were worth $5,684,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Concord Wealth Partners grew its holdings in shares of 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 last quarter. Physician Wealth Advisors Inc. boosted 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 valued at $27,000 after buying an additional 847 shares during the period. Financial Gravity Companies Inc. bought a new stake in Warner Bros. Discovery in the 2nd quarter worth $29,000. Grove Bank & Trust increased its position in shares of Warner Bros. Discovery by 66.5% in the third 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 increased its position in shares of Warner Bros. Discovery by 1,242.2% in the third 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 own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Warner Bros. Discovery from $13.00 to $14.75 and gave the stock a “buy” rating in a report on Friday, November 7th. UBS Group upped their price target on Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Raymond James Financial increased their price objective on Warner Bros. Discovery from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Sanford C. Bernstein boosted their target price on Warner Bros. Discovery from $16.00 to $23.50 in a research note on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $29.50 target price on shares of Warner Bros. Discovery in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.94.

Warner Bros. Discovery Stock Up 0.4%

WBD stock opened at $28.11 on Friday. Warner Bros. Discovery, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $30.00. The company has a market capitalization of $69.66 billion, a price-to-earnings ratio of 147.96 and a beta of 1.64. The business’s 50 day moving average price is $28.33 and its two-hundred day moving average price is $21.43. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07.

Insider Buying and Selling at Warner Bros. Discovery

In related 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 value of $7,168,323.00. Following the sale, the chief financial officer directly owned 918,940 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this link. Also, CAO Lori C. Locke sold 4,122 shares of the firm’s 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 transaction, the chief accounting officer directly owned 100,962 shares of the company’s stock, valued at $2,919,821.04. This represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 267,116 shares of company stock worth $7,781,731. 1.90% of the stock is owned by insiders.

Key Stories Impacting Warner Bros. Discovery

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

• Positive Sentiment: Paramount materially improved its hostile $30 per‑share tender by adding a quarterly “ticking fee” that raises the price if the deal is delayed and committing to cover the $2.8B termination fee owed to Netflix — reducing the board’s regulatory/contract objections and making a $30 outcome more plausible. Read More.
• Positive Sentiment: Activist Ancora has built a multi‑hundred‑million dollar stake in WBD and publicly urged the company to oppose the Netflix deal and engage with Paramount, threatening a proxy fight — pressure that could force the board to reconsider and boost takeover prospects (and the stock’s takeover premium). Read More.
• Positive Sentiment: Paramount/Skydance and allies are exploring governance routes too — reports say Paramount is eyeing investor Matthew Halbower (Pentwater) as a potential director-candidate to contest the WBD board — a possible move to shift board dynamics in favor of Paramount’s offer. Read More.
• Neutral Sentiment: Options and sentiment indicators show mixed positioning — elevated volume and option activity reflect a market split between accepting the Netflix floor and speculating on a Paramount upside. This supports higher volatility but is not definitive on deal outcome. Read More.
• Neutral Sentiment: Analysts/valuation pieces note WBD’s recovery from single‑digit levels and emphasize the binary nature of current valuation (Netflix floor vs. Paramount upside) — fundamentals matter for longer‑term holders but near‑term moves are deal‑driven. Read More.
• Negative Sentiment: Regulatory and closing risk remain material — antitrust review could delay or block a deal, keeping an arbitrage spread and volatility. Also, proxy fights and board resistance could prolong uncertainty and trading dispersion between the $27.75 Netflix floor and possible $30+ outcomes. Read More.

Warner Bros. Discovery Company 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.