Swedbank AB Has $40.37 Million Stock Holdings in Warner Bros. Discovery, Inc. $WBD

Swedbank AB trimmed its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,470,035 shares of the company’s stock after selling 65,707 shares during the quarter. Swedbank AB’s holdings in Warner Bros. Discovery were worth $40,367,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Whittier Trust Co. grew its holdings in Warner Bros. Discovery by 19.3% during the first quarter. Whittier Trust Co. now owns 2,737 shares of the company’s stock worth $75,000 after purchasing an additional 442 shares during the period. Ascentis Independent Advisors bought a new stake in Warner Bros. Discovery in the first quarter valued at approximately $57,000. NBT Bank N A NY lifted its position in shares of Warner Bros. Discovery by 88.7% in the first quarter. NBT Bank N A NY now owns 6,219 shares of the company’s stock valued at $171,000 after buying an additional 2,923 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of Warner Bros. Discovery by 1.3% in the first quarter. V Square Quantitative Management LLC now owns 69,181 shares of the company’s stock valued at $1,900,000 after buying an additional 868 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Warner Bros. Discovery by 12.7% during the 1st quarter. QRG Capital Management Inc. now owns 279,816 shares of the company’s stock worth $7,684,000 after acquiring an additional 31,494 shares during the period. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on WBD. Weiss Ratings lowered Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Seaport Research Partners upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Monday, June 29th. KeyCorp reissued an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a research note on Thursday, May 7th. Finally, Zacks Research raised shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.04.

Warner Bros. Discovery Stock Performance

WBD opened at $26.15 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.73 and a quick ratio of 0.73. The business has a fifty day simple moving average of $26.86 and a 200 day simple moving average of $27.57. Warner Bros. Discovery, Inc. has a 1 year low of $10.76 and a 1 year high of $30.00. The company has a market capitalization of $65.56 billion, a PE ratio of -37.36 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($1.07). Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The firm had revenue of $8.89 billion for the quarter, compared to the consensus estimate of $8.89 billion. During the same quarter in the previous year, the business earned ($0.18) EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. Research analysts expect that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current year.

Key Warner Bros. Discovery News

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

• Positive Sentiment: Warner Bros. launched an agentic AI-powered advertising product built on AWS, which could help improve ad targeting, strengthen its ad-tech capabilities, and create a new growth avenue for the company. Warner Bros launches agentic AI-powered advertising built on AWS
• Positive Sentiment: HBO Max received 122 Emmy nominations, reinforcing the strength of Warner Bros. Discovery’s content slate and supporting the case for subscriber and advertising momentum. Warner Bros.’ HBO Max nabs 122 Emmy nominations
• Neutral Sentiment: Warner Bros. Discovery’s AEW partnership with Twitch for “Dynamite Beach Break” adds another distribution and promotional tie-up, but the stock impact is likely limited unless it drives measurable audience growth or revenue. AEW & WBD Partnering With Twitch For Dynamite Beach Break Livestreams
• Negative Sentiment: Reports that U.S. states may sue to block Paramount’s acquisition of Warner Bros. Discovery have increased uncertainty around the pending deal, which can weigh on the stock as investors reassess the odds and timing of a takeover. US states could sue next week to block Paramount-Warner Bros deal, sources say
• Negative Sentiment: Paramount delaying closure of the deal amid an Oregon probe suggests regulatory hurdles are still unresolved, adding to near-term uncertainty for WBD shareholders. Paramount delays Warner Bros deal closure amid Oregon probe
• Negative Sentiment: Unusual options activity skewed heavily toward puts, signaling that some traders are positioning for downside in WBD shares amid the growing deal and regulatory risk. WBD, AEW And Twitch Announce Creator Collaboration For AEW Dynamite Beach Break

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.