Hudson Edge Investment Partners Inc. Sells 211,390 Shares of Warner Bros. Discovery, Inc. $WBD

Hudson Edge Investment Partners Inc. lessened its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 37.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 354,798 shares of the company’s stock after selling 211,390 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Warner Bros. Discovery were worth $6,929,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Grove Bank & Trust grew its holdings in Warner Bros. Discovery by 66.5% during the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after buying an additional 675 shares in the last quarter. Crews Bank & Trust grew its holdings in Warner Bros. Discovery by 1,242.2% during the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock valued at $34,000 after purchasing an additional 1,590 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Warner Bros. Discovery by 183.9% in the third quarter. Meeder Asset Management Inc. now owns 1,891 shares of the company’s stock worth $37,000 after buying an additional 1,225 shares during the period. Cranbrook Wealth Management LLC lifted its position in shares of Warner Bros. Discovery by 73.8% during the third quarter. Cranbrook Wealth Management LLC now owns 1,929 shares of the company’s stock worth $38,000 after purchasing an additional 819 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its position in Warner Bros. Discovery by 69.7% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,075 shares of the company’s stock valued at $39,000 after buying an additional 852 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Netflix converted its bid into an all-cash offer and the WBD board signaled support, which increases certainty on the headline purchase price and speeds the path to a shareholder vote. Netflix submits amended all-cash offer for Warner Bros, wins board support
• Positive Sentiment: The amended all-cash structure removes Netflix stock exposure for WBD shareholders and is being marketed as a way to accelerate shareholder approval — a direct catalyst that tends to lift takeover-target shares. Netflix and Warner Bros. Discovery Amend Agreement to All-Cash Transaction
• Neutral Sentiment: Market commentators and analysts are re-evaluating WBD’s valuation after its run and elevated P/E, creating mixed views on whether the deal price fairly compensates remaining public shareholders. Assessing Warner Bros. Discovery (WBD) Valuation After A Strong Yearly Run And High P/E Multiple
• Neutral Sentiment: Arbitrage and hedge funds are positioning around the takeover spread and probable outcomes, which can amplify intraday volume but does not by itself change the deal fundamentals. The Warner Bros. Discovery Arbitrage Trades
• Negative Sentiment: EU antitrust regulators are expected to review Netflix’s and Paramount’s rival bids at the same time, creating an unusual simultaneous review that raises the odds of regulatory delay or conditions — a clear negative for deal certainty. EU to weigh Netflix, Paramount bids for Warner Bros at the same time, Bloomberg News reports
• Negative Sentiment: Investor concerns persist that the takeover could face antitrust hurdles, potential counterbids (which could delay or change terms), and integration/overpayment risk — themes raised by analysts and commentators that can weigh on sentiment despite a board-backed cash offer. Is Netflix’s Warner Bros. Acquisition a Mistake?

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $28.53 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $70.70 billion, a PE ratio of 150.17 and a beta of 1.56. Warner Bros. Discovery, Inc. has a one year low of $7.52 and a one year high of $30.00. The firm has a fifty day moving average of $26.98 and a 200 day moving average of $19.77.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The company had revenue of $9.05 billion during the quarter, compared to analyst estimates of $9.17 billion. Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 EPS. As a group, research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on WBD. Weiss Ratings upgraded Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Raymond James Financial upped their target price on Warner Bros. Discovery from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Guggenheim downgraded shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $25.00 to $30.00 in a research note on Wednesday, January 14th. The Goldman Sachs Group increased their price target 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. Finally, Rothschild & Co Redburn upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.75.

Insider Activity

In other news, CFO Gunnar Wiedenfels sold 242,994 shares of Warner Bros. Discovery stock in a transaction that occurred 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. The trade was a 20.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lori C. Locke sold 4,122 shares of the 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 completion of the transaction, the chief accounting officer directly owned 100,962 shares of the company’s stock, valued at approximately $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 quarter, insiders sold 489,326 shares of company stock worth $12,781,456. 1.90% of the stock is currently owned by insiders.

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.