Parkside Investments LLC Cuts Holdings in Warner Bros. Discovery, Inc. $WBD

Parkside Investments LLC lessened its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 313,204 shares of the company’s stock after selling 33,450 shares during the quarter. Parkside Investments LLC’s holdings in Warner Bros. Discovery were worth $6,117,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of WBD. Concord Wealth Partners increased its position in shares of Warner Bros. Discovery by 49.9% during the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares during the last quarter. Howard Capital Management Inc. boosted its stake in Warner Bros. Discovery by 3.1% during the third quarter. Howard Capital Management Inc. now owns 15,559 shares of the company’s stock worth $304,000 after buying an additional 474 shares during the period. Clearstead Advisors LLC increased its position in Warner Bros. Discovery by 0.6% during the third quarter. Clearstead Advisors LLC now owns 91,414 shares of the company’s stock valued at $1,785,000 after acquiring an additional 506 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of Warner Bros. Discovery by 3.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 16,860 shares of the company’s stock valued at $329,000 after acquiring an additional 512 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Warner Bros. Discovery by 10.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 5,961 shares of the company’s stock worth $116,000 after acquiring an additional 544 shares during the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: WBD’s board determined Paramount Skydance’s revised proposal could reasonably be expected to lead to a “Company Superior Proposal,” opening the door to further talks and a potential higher takeover price for shareholders. WBD Board Determination (PR Newswire)
• Positive Sentiment: Paramount has sweetened its offer (reports cite roughly $31–$32 per share), which could force a bidding contest or a higher merger consideration for WBD holders. That premium outlook is a direct upside catalyst for the stock. Paramount Boosts Bid (Yahoo)
• Positive Sentiment: WBD reported record streaming viewership during the 2026 Winter Olympics — a fundamental win that supports valuation versus peers and strengthens WBD’s operational story independent of the takeover news. Record Streaming Growth (BroadbandTVNews)
• Neutral Sentiment: WBD stresses the Netflix merger agreement remains in place and the Board continues to recommend the Netflix transaction while it reviews Paramount’s revised proposal — Netflix retains matching rights, keeping deal dynamics complex. Board Statement & Netflix Rights (Reuters)
• Neutral Sentiment: Near-term catalyst: WBD is set to report Q4 results on Feb. 26 — earnings could re-focus attention on fundamentals versus takeover speculation. Q4 Preview (Zacks)
• Neutral Sentiment: An analyst update raised a price target (Sanford C. Bernstein to $27.75) but kept a market-perform rating — mixed signal for investors about near-term upside. Bernstein PT Update (MarketScreener)
• Negative Sentiment: The Netflix transaction is under DOJ antitrust review and has drawn political scrutiny (including pressure tied to a Netflix board member), increasing the risk the Netflix deal could face regulatory hurdles — that uncertainty weighs on deal certainty and valuation. Regulatory/Political Scrutiny (Yahoo Finance)
• Negative Sentiment: Potential auction dynamics and matching rights mean a drawn-out, litigious, or regulatorily challenged process is possible (deadline and negotiating windows could extend uncertainty through March), which can depress the stock until resolution. Merger Auction & Deadline (ProactiveInvestors)

Warner Bros. Discovery Stock Performance

Shares of NASDAQ:WBD opened at $29.15 on Wednesday. The company has a market capitalization of $72.23 billion, a price-to-earnings ratio of 153.43 and a beta of 1.64. Warner Bros. Discovery, Inc. has a 52 week low of $7.52 and a 52 week high of $30.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average of $28.32 and a 200 day moving average of $22.45.

Insiders Place Their Bets

In related news, CAO Lori C. Locke sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $27.62, for a total transaction of $138,100.00. Following the sale, the chief accounting officer owned 110,084 shares of the company’s stock, valued at $3,040,520.08. This trade represents a 4.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gunnar Wiedenfels sold 242,994 shares of Warner Bros. Discovery stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total value of $7,168,323.00. Following the completion of the transaction, the chief financial officer owned 918,940 shares in the company, valued at $27,108,730. This trade represents a 20.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 262,116 shares of company stock worth $7,665,481 over the last quarter. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

WBD has been the subject of a number of research analyst reports. Moffett Nathanson lifted their price objective on shares of Warner Bros. Discovery from $26.00 to $31.00 and gave the company a “buy” rating in a report on Friday, January 30th. UBS Group raised their target price on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Rothschild & Co Redburn set a $31.00 price target on shares of Warner Bros. Discovery and gave the company a “neutral” rating in a research note on Tuesday, February 17th. TD Cowen boosted their price target on Warner Bros. Discovery from $14.00 to $22.00 in a report on Friday, November 7th. Finally, Raymond James Financial raised their price objective on Warner Bros. Discovery from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Warner Bros. Discovery has an average rating of “Moderate Buy” and a consensus target price of $25.30.

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.