Warner Bros. Discovery, Inc. $WBD Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 5,877,052 shares of the company’s stock after buying an additional 176,223 shares during the period. Rhumbline Advisers’ holdings in Warner Bros. Discovery were worth $114,779,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WBD. Norges Bank acquired a new stake in Warner Bros. Discovery during the 2nd quarter worth approximately $306,848,000. Pacer Advisors Inc. lifted its holdings in shares of Warner Bros. Discovery by 4,639.8% during the third quarter. Pacer Advisors Inc. now owns 22,788,847 shares of the company’s stock worth $445,066,000 after purchasing an additional 22,308,046 shares during the period. Sound Shore Management Inc CT acquired a new stake in shares of Warner Bros. Discovery during the second quarter worth $97,951,000. Maverick Capital Ltd. purchased a new position in Warner Bros. Discovery in the 2nd quarter valued at $77,896,000. Finally, Duquesne Family Office LLC acquired a new position in Warner Bros. Discovery in the 2nd quarter valued at $74,916,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on WBD. Raymond James Financial raised their target price on shares of Warner Bros. Discovery from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Rothschild & Co Redburn set a $28.00 price target on shares of Warner Bros. Discovery in a report on Thursday, October 30th. Moffett Nathanson raised their price objective on shares of Warner Bros. Discovery from $26.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Sanford C. Bernstein boosted their target price on Warner Bros. Discovery from $16.00 to $23.50 in a research report on Friday, November 7th. Finally, Guggenheim cut 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 report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.94.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Paramount added a ticking fee and other protections that reduce regulatory/timing risk and committed to cover the $2.8B Netflix breakup cost — making its $30/share hostile offer materially more attractive and increasing the chance shareholders could get a higher cash price. Read More.
• Positive Sentiment: Activist Ancora has built a ~ $200M stake and is threatening to vote against the Netflix deal and launch a proxy fight unless the board seriously considers Paramount’s improved proposal — increasing the odds of a bidding contest or board re‑engagement. Read More.
• Positive Sentiment: Market pricing reflects growing confidence in a competing outcome: WBD is trading above the signed Netflix floor ($27.75), narrowing the arbitrage spread and signaling investor belief Paramount could prevail or force better terms. Read More.
• Neutral Sentiment: Analysts are re‑assessing WBD valuation after recent share momentum and a mixed historical return profile — useful context for investors but not an immediate deal catalyst. Read More.
• Neutral Sentiment: Key near‑term catalysts to watch that could swing the stock: WBD Q4 earnings (Feb. 26), Paramount’s tender expiration (March 2), and the shareholder vote on the Netflix transaction (expected in April). These dates will drive volatility and final deal direction.
• Negative Sentiment: WBD already has a signed, board‑recommended agreement with Netflix at $27.75/share, which establishes a contractual floor and makes a switch to Paramount non‑trivial — regulatory risk and the existing contract still cap downside and complicate a takeover flip. Read More.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, CFO Gunnar Wiedenfels sold 242,994 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total value of $7,168,323.00. Following the sale, the chief financial officer 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 accessible through the SEC website. Also, CAO Lori C. Locke sold 4,122 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer owned 100,962 shares in the company, valued at $2,919,821.04. This represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 267,116 shares of company stock worth $7,781,731. 1.90% of the stock is owned by corporate insiders.

Warner Bros. Discovery Stock Performance

NASDAQ WBD opened at $27.99 on Thursday. The business has a 50 day moving average price of $28.26 and a 200 day moving average price of $21.38. The company has a market capitalization of $69.35 billion, a P/E ratio of 147.30 and a beta of 1.64. Warner Bros. Discovery, Inc. has a 1-year low of $7.52 and a 1-year high of $30.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 1.07.

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.