Warner Bros. Discovery, Inc. $WBD is GABELLI & Co INVESTMENT ADVISERS INC.’s 4th Largest Position

GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 122.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 928,190 shares of the company’s stock after acquiring an additional 510,340 shares during the period. Warner Bros. Discovery accounts for about 3.8% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 4th biggest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Warner Bros. Discovery were worth $25,488,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Warner Bros. Discovery by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 283,180,433 shares of the company’s stock valued at $8,161,260,000 after purchasing an additional 1,966,278 shares during the period. Geode Capital Management LLC lifted its position 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 buying an additional 1,028,346 shares during the period. Norges Bank acquired a new stake in Warner Bros. Discovery in the 4th quarter worth about $1,123,807,000. Morgan Stanley boosted its stake in Warner Bros. Discovery by 4.8% in the 4th quarter. Morgan Stanley now owns 27,462,742 shares of the company’s stock worth $791,476,000 after buying an additional 1,254,813 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Warner Bros. Discovery by 3.9% in the 3rd quarter. Northern Trust Corp now owns 23,496,725 shares of the company’s stock valued at $458,891,000 after buying an additional 876,869 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on WBD shares. KeyCorp reaffirmed an “overweight” rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th. Zacks Research raised shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. UBS Group upped their price target on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Seaport Research Partners raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.04.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ:WBD opened at $25.77 on Friday. The firm has a market capitalization of $64.61 billion, a PE ratio of -36.81 and a beta of 1.54. 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 50-day moving average of $26.72 and a two-hundred day moving average of $27.39. Warner Bros. Discovery, Inc. has a 12 month low of $10.76 and a 12 month high of $30.00.

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

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Warner Bros. Discovery is expected to report second-quarter 2026 results on August 6, giving investors a new near-term catalyst to assess business performance. Warner Bros. Discovery to Report Second Quarter 2026 Results on Thursday, August 6
• Neutral Sentiment: Paramount has reportedly secured EU approval for the merger, reducing one hurdle even as U.S. regulators and courts continue to review the deal. Paramount’s Takeover Of Warner Bros. Discovery Gets EU Greenlight
• Negative Sentiment: A federal judge has extended the pause on the Paramount-Warner Bros. Discovery deal through at least August 17, increasing uncertainty around the transaction. Paramount-Warner-Bros deal paused through August 17, judge rules
• Negative Sentiment: Reports say Paramount may push the closing date out to as late as June 2027 while it fights state lawsuits, and could face large daily fees if the merger does not close on time. Paramount agrees to pause $110B Warner Bros. deal while states’ lawsuit plays out

Warner Bros. Discovery 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.