Skandinaviska Enskilda Banken AB publ Has $8.65 Million Stock Holdings in Warner Bros. Discovery, Inc. $WBD

Skandinaviska Enskilda Banken AB publ trimmed its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 7.2% in the third quarter, Holdings Channel.com reports. The fund owned 443,101 shares of the company’s stock after selling 34,316 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Warner Bros. Discovery were worth $8,652,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Warner Bros. Discovery by 7.1% during the 3rd quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock worth $5,492,112,000 after purchasing an additional 18,736,600 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Warner Bros. Discovery by 0.9% during the second quarter. Geode Capital Management LLC now owns 60,091,463 shares of the company’s stock worth $685,798,000 after buying an additional 551,548 shares during the period. Invesco Ltd. increased its position in shares of Warner Bros. Discovery by 2.8% during the second quarter. Invesco Ltd. now owns 44,574,492 shares of the company’s stock worth $510,824,000 after buying an additional 1,233,195 shares during the period. Norges Bank bought a new position in Warner Bros. Discovery during the second quarter worth $306,848,000. Finally, Pacer Advisors Inc. lifted its holdings in Warner Bros. Discovery by 4,639.8% in the third quarter. Pacer Advisors Inc. now owns 22,788,847 shares of the company’s stock valued at $445,066,000 after buying an additional 22,308,046 shares during the period. 59.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. 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 report on Wednesday, January 28th. Moffett Nathanson raised their target price on Warner Bros. Discovery from $26.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Argus lifted their target price on Warner Bros. Discovery from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Singular Research upgraded Warner Bros. Discovery to a “moderate buy” rating in a report on Wednesday, October 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Warner Bros. Discovery from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Hold” and an average target price of $25.09.

Insider Buying and Selling at Warner Bros. Discovery

In other news, CAO Lori C. Locke sold 4,122 shares of Warner Bros. Discovery stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $28.92, for a total transaction of $119,208.24. Following the completion of the transaction, the chief accounting officer directly owned 100,962 shares in the company, valued at $2,919,821.04. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the completion of the sale, the chief financial officer owned 918,940 shares in the company, valued at $27,108,730. This represents a 20.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 267,116 shares of company stock valued at $7,781,731. 1.90% of the stock is currently owned by insiders.

Key Stories Impacting Warner Bros. Discovery

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

• Positive Sentiment: WBD has asked Paramount Skydance for a “best and final” offer, reopening the possibility of a bidding contest that could lift the takeover price and provide upside for shareholders. Warner Bros Seeks Paramount’s “Best and Final Offer,” Upside Ahead?
• Positive Sentiment: Paramount has indicated it could raise its cash offer (reports suggest $31+ per share), and Netflix has granted a short waiver — both actions increase the chance of a higher headline price or matching bids. Warner Reopens Talks With Paramount After Sweetened Offer
• Neutral Sentiment: WBD set a special shareholder meeting for March 20 and continues to recommend voting in favor of the Netflix transaction — a procedural step that keeps the Netflix deal as the baseline value for the company. Warner Bros. Discovery gives Paramount one week to present its ‘best and final’ offer
• Neutral Sentiment: Exhibitors remain cautious: Cinemark’s CEO said theater chains are “apprehensive” and want firmer commitments from Netflix on theatrical windows — this matters for regulatory optics and the valuation of theatrical rights. In Warner Merger Battle, Netflix Needs To Take “More Action” To Prove It Loves Movie Theaters, Cinemark CEO Says
• Negative Sentiment: The U.S. DOJ has begun private meetings with major theater chains to probe how a Warner sale would affect theaters — a regulatory risk that could complicate or slow approval of any transaction. US DOJ probes Warner Bros’ planned sale impact on theaters, Bloomberg News reports
• Negative Sentiment: Rothschild & Co Redburn downgraded WBD from Buy to Hold (now $31 PT), signaling more cautious analyst sentiment despite deal activity. Warner-Bros-downgraded-to-Neutral-from-Buy-at-Rothschild-&-Co-Redburn
• Negative Sentiment: Consensus analyst price target (~$24.94) sits below the current market level, and WBD warned of employee attrition risk if Paramount’s offer proceeds — both represent downside and execution risks. Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives $24.94 Consensus PT from Analysts Warner Bros. Discovery says it’s worried employees will quit if it picks Paramount’s offer

Warner Bros. Discovery Trading Up 0.1%

Shares of Warner Bros. Discovery stock opened at $28.79 on Thursday. The stock has a market capitalization of $71.34 billion, a PE ratio of 151.53 and a beta of 1.64. Warner Bros. Discovery, Inc. has a 52 week low of $7.52 and a 52 week high of $30.00. The stock has a 50 day moving average price of $28.38 and a two-hundred day moving average price of $21.91. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07.

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.