Warner Bros. Discovery, Inc. $WBD Position Raised by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 45.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 282,987 shares of the company’s stock after acquiring an additional 88,461 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Warner Bros. Discovery were worth $5,527,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Financial Gravity Companies Inc. bought a new stake in Warner Bros. Discovery in the 2nd quarter valued at about $29,000. Grove Bank & Trust raised its holdings in shares of Warner Bros. Discovery by 66.5% during the third quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after buying an additional 675 shares during the last quarter. Trifecta Capital Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the second quarter worth approximately $34,000. Crews Bank & Trust grew its holdings 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 worth $34,000 after buying an additional 1,590 shares in the last quarter. Finally, Cranbrook Wealth Management LLC increased its position in 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 acquiring an additional 819 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

More Warner Bros. Discovery News

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

• Positive Sentiment: Market analysts note WBD could benefit if Paramount raises its bid or more suitors emerge, creating a potential bidding war that would lift the stock above current levels. Warner Bros. Rejects Paramount’s Offer—How It Affects WBD, NFLX, PSKY
• Positive Sentiment: Paramount Skydance has publicly reaffirmed its $30 per share all‑cash offer, keeping pressure on WBD’s board and preserving the possibility of a higher cash bid that would be immediately valuable to shareholders. PARAMOUNT REAFFIRMS COMMITMENT TO DELIVERING SUPERIOR $30 PER SHARE ALL-CASH OFFER TO WARNER BROS. DISCOVERY SHAREHOLDERS
• Neutral Sentiment: Some large WBD investors are split on Paramount’s offer, meaning shareholder votes could become decisive — this keeps the outcome uncertain but preserves upside if holders defect from the board’s recommendation. Some of Warner Bros’ biggest investors are split on Paramount offer
• Neutral Sentiment: Retail and momentum interest in WBD is elevated (ranked as a trending stock by some services), which can amplify intraday moves during takeover news. Is Trending Stock Warner Bros. Discovery, Inc. (WBD) a Buy Now?
• Negative Sentiment: Paramount has taken an antitrust argument to lawmakers, calling the Netflix‑WBD combination “presumptively unlawful,” which increases regulatory risk and could slow or block the Netflix deal — a headwind for near‑term certainty. Paramount Tells Lawmakers That Netflix-WBD Merger Is “Presumptively Unlawful”
• Negative Sentiment: Paramount is publicly attacking WBD’s planned asset spin‑offs and valuation assumptions (e.g., arguing the cable network spin‑off adds little value), escalating legal and narrative battles that add execution risk for any deal. Why Paramount is now saying the TV networks it wants to buy from WBD are worth $0.00 per share

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Redburn Partners set a $28.00 target price on Warner Bros. Discovery in a research note on Thursday, October 30th. Arete Research lifted their price objective on shares of Warner Bros. Discovery from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Raymond James Financial upped their price objective on shares of Warner Bros. Discovery from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Moffett Nathanson raised their target price on shares of Warner Bros. Discovery from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Warner Bros. Discovery in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.22.

Insider Activity at Warner Bros. Discovery

In other news, CFO Gunnar Wiedenfels sold 242,994 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was 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 directly owned 918,940 shares of the company’s stock, valued at $27,108,730. This trade represents a 20.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Lori C. Locke sold 5,000 shares of Warner Bros. Discovery stock in a transaction on Monday, December 8th. The stock was sold at an average price of $27.62, for a total value of $138,100.00. Following the completion of the transaction, the chief accounting officer owned 110,084 shares in the company, valued at $3,040,520.08. The trade was a 4.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 489,326 shares of company stock worth $12,781,456. 1.90% of the stock is currently owned by company insiders.

Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock opened at $28.89 on Friday. Warner Bros. Discovery, Inc. has a 52 week low of $7.52 and a 52 week high of $30.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.90. The stock has a market cap of $71.59 billion, a PE ratio of 152.06 and a beta of 1.56. The company’s 50-day moving average price is $26.03 and its two-hundred day moving average price is $18.80.

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

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.