PFG Investments LLC cut its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 17.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,824 shares of the company’s stock after selling 17,604 shares during the quarter. PFG Investments LLC’s holdings in Warner Bros. Discovery were worth $1,578,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Grove Bank & Trust boosted its holdings in Warner Bros. Discovery by 66.5% in the third quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after purchasing an additional 675 shares during the period. Crews Bank & Trust raised its position in Warner Bros. Discovery by 1,242.2% in 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 in the last quarter. Meeder Asset Management Inc. raised its position in Warner Bros. Discovery by 183.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,891 shares of the company’s stock valued at $37,000 after purchasing an additional 1,225 shares in the last quarter. Cranbrook Wealth Management LLC boosted its stake in shares of Warner Bros. Discovery by 73.8% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 1,929 shares of the company’s stock valued at $38,000 after buying an additional 819 shares during the period. Finally, Salomon & Ludwin LLC grew its position in shares of Warner Bros. Discovery by 69.7% during the third quarter. Salomon & Ludwin LLC now owns 2,075 shares of the company’s stock worth $39,000 after buying an additional 852 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.
Insider Activity at Warner Bros. Discovery
In other news, CAO Lori C. Locke sold 5,000 shares of Warner Bros. Discovery stock in a transaction on Monday, December 8th. The shares were sold at an average price of $27.62, for a total value of $138,100.00. Following the transaction, the chief accounting officer directly owned 110,084 shares of the company’s stock, valued at $3,040,520.08. The trade was a 4.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the completion of the sale, the chief financial officer owned 918,940 shares of the company’s stock, valued at approximately $27,108,730. This trade represents a 20.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 489,326 shares of company stock worth $12,781,456. 1.90% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Research Report on Warner Bros. Discovery
Key Warner Bros. Discovery News
Here are the key news stories impacting Warner Bros. Discovery this week:
- Positive Sentiment: WBD says over 93% of shareholders have rejected Paramount’s “inferior scheme,” signaling strong shareholder support for the Netflix transaction and reducing near-term takeover uncertainty. Warner Bros. Discovery says over 93% of shareholders have rejected Paramount’s inferior scheme in favor of Netflix deal
- Positive Sentiment: Netflix executives publicly assert they are on track to win WBD shareholder backing and dismiss Paramount’s bid, which supports the probability of the Netflix all-cash $82.7B offer closing (boosts likelihood of deal premium for WBD holders). Netflix says Paramount bid ‘doesn’t pass sniff test’ as Warner battle intensifies, FT says
- Neutral Sentiment: Paramount Skydance has extended its hostile tender deadline to Feb. 20 — the extension buys Paramount time to persuade investors but hasn’t changed WBD’s board backing for Netflix; it prolongs deal uncertainty rather than resolving it. Paramount extends deadline on hostile Warner Bros bid to February 20
- Neutral Sentiment: Regulatory review — especially in Europe — is highlighted as a pivotal hurdle; even with shareholder backing, clearance remains uncertain and could materially affect timing and deal structure. Paramount is betting European regulators won’t approve WBD-Netflix. Here’s how it could play out
- Negative Sentiment: Paramount filed a lawsuit challenging the WBD-Netflix deal, which adds legal risk and could delay closing or increase deal costs if litigation succeeds or forces concessions. Paramount Files Lawsuit Against Warner Bros. Discovery Over Netflix Deal
- Negative Sentiment: Market weakness at Netflix (big recent share decline after its Q4 report) raises questions about Netflix’s financial and market strength to complete an $82.7B all-cash purchase, which could weigh on perceptions of deal certainty and WBD’s near-term premium. Netflix Stock Drops 35%+ After Q4 as WBD Deal Risk Rises
- Negative Sentiment: Regulatory and political scrutiny is intensifying — Netflix execs are slated to testify to U.S. lawmakers about the acquisition, increasing the chance of political/antitrust complications that could slow or block the transaction. Netflix’s Sarandos to testify in Senate hearing on Warner deal, Bloomberg News reports
Warner Bros. Discovery Price Performance
Shares of NASDAQ:WBD opened at $28.58 on Friday. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $30.00. The firm has a market capitalization of $70.82 billion, a P/E ratio of 150.43 and a beta of 1.56. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 1.07. The company’s fifty day moving average price is $27.21 and its 200 day moving average price is $20.02.
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last issued its quarterly earnings data 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). Warner Bros. Discovery had a return on equity of 1.34% and a net margin of 1.28%.The firm had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the previous year, the business posted $0.05 EPS. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.
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.
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