Warner Bros. Discovery, Inc. $WBD Shares Bought by Andra AP fonden

Andra AP fonden grew its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 38.9% in the second quarter, Holdings Channel reports. The institutional investor owned 718,435 shares of the company’s stock after buying an additional 201,200 shares during the period. Andra AP fonden’s holdings in Warner Bros. Discovery were worth $19,153,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in WBD. Bank of America Corp DE lifted its holdings in shares of Warner Bros. Discovery by 21.9% in the 1st quarter. Bank of America Corp DE now owns 16,616,949 shares of the company’s stock valued at $456,301,000 after buying an additional 2,980,900 shares during the period. Geode Capital Management LLC grew its holdings in Warner Bros. Discovery by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 66,597,575 shares of the company’s stock worth $1,912,634,000 after acquiring an additional 1,028,346 shares during the period. Norges Bank purchased a new position in Warner Bros. Discovery in the fourth quarter worth $1,123,807,000. Empyrean Capital Partners LP raised its position in Warner Bros. Discovery by 29.1% in the first quarter. Empyrean Capital Partners LP now owns 2,583,000 shares of the company’s stock worth $70,929,000 after acquiring an additional 583,000 shares in the last quarter. Finally, Swedbank AB lifted its holdings in Warner Bros. Discovery by 44.1% in the fourth quarter. Swedbank AB now owns 1,535,742 shares of the company’s stock valued at $44,260,000 after acquiring an additional 470,297 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Insider Activity

In other news, insider Amy Girdwood sold 262,285 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $27.98, for a total value of $7,338,734.30. Following the completion of the transaction, the insider owned 539,374 shares of the company’s stock, valued at $15,091,684.52. The trade was a 32.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Zaslav sold 194,999 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $28.02, for a total transaction of $5,463,871.98. Following the transaction, the chief executive officer directly owned 6,807,934 shares in the company, valued at $190,758,310.68. The trade was a 2.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,782,149 shares of company stock worth $77,455,972 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Seaport Research Partners cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a research note on Monday, July 27th. Zacks Research upgraded shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. 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. Huber Research upgraded shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. Finally, Barclays began coverage on shares of Warner Bros. Discovery in a research report on Thursday, September 17th. They set an “equal weight” rating and a $29.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.34.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Merger approval risk has fallen: The multi-state settlement resolves litigation that had threatened to delay or block the transaction. Investors now appear focused on closing logistics rather than a potential regulatory failure. Paramount Skydance Clears a Major Warner Bros. Discovery Hurdle
• Positive Sentiment: Potential scale and streaming synergies: Combining WBD’s Max with Paramount+ could expand subscriber reach, reduce churn and improve the economics of competing in streaming. The combined company would also have roughly $66 billion in annual revenue and greater content-distribution scale. Paramount Skydance Rises on 12-State Settlement
• Positive Sentiment: Analyst target increased: Morgan Stanley raised its WBD price target from $29 to $31 while maintaining an “equal weight” rating, signaling limited additional upside but recognizing the improved deal outlook.
• Neutral Sentiment: Settlement concessions could preserve operations: Terms reportedly include $1.5 billion of domestic production investment over five years, commitments to maintain major studio locations, theatrical release targets and labor funding. These requirements may protect WBD’s production base but could restrict cost-cutting opportunities.
• Negative Sentiment: Leverage and execution remain key risks: Paramount is expected to assume substantial debt, while management must complete debt tenders, integrate two large media businesses and achieve projected streaming and cost synergies. Critics also argue the settlement provides insufficient protection for competition and workers, leaving room for continued political or legal scrutiny. Critics Say California Got Too Little in Deal

Warner Bros. Discovery Price Performance

WBD stock traded up $0.01 on Tuesday, reaching $30.80. The company had a trading volume of 51,764,596 shares, compared to its average volume of 23,911,623. The company’s fifty day moving average is $27.48 and its 200 day moving average is $27.23. The company has a market cap of $77.34 billion, a P/E ratio of -24.26 and a beta of 1.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.78 and a current ratio of 0.78. Warner Bros. Discovery, Inc. has a 1 year low of $17.08 and a 1 year high of $30.92.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping 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 company had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. On average, research analysts forecast that Warner Bros. Discovery, Inc. will post -1.08 earnings per share for the current year.

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.