IFP Advisors Inc Reduces Position in Warner Bros. Discovery, Inc. $WBD

IFP Advisors Inc decreased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 33.3% in the third quarter, HoldingsChannel reports. The fund owned 38,956 shares of the company’s stock after selling 19,450 shares during the quarter. IFP Advisors Inc’s holdings in Warner Bros. Discovery were worth $769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Warner Bros. Discovery by 304.9% in the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock worth $729,000 after purchasing an additional 51,920 shares during the period. NewEdge Advisors LLC grew its holdings in Warner Bros. Discovery by 50.5% during the first quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock valued at $679,000 after purchasing an additional 21,228 shares during the period. Empowered Funds LLC increased its position in Warner Bros. Discovery by 6.2% in the first quarter. Empowered Funds LLC now owns 65,082 shares of the company’s stock worth $698,000 after buying an additional 3,779 shares in the last quarter. Focus Partners Wealth increased its position in Warner Bros. Discovery by 91.6% in the first quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock worth $1,254,000 after buying an additional 55,837 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Warner Bros. Discovery by 7.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 19,463,234 shares of the company’s stock worth $223,049,000 after buying an additional 1,333,005 shares during the period. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Stock Down 0.4%

NASDAQ WBD opened at $27.28 on Wednesday. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $30.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The stock has a market cap of $67.65 billion, a PE ratio of 94.07 and a beta of 1.60. The stock’s 50 day moving average is $28.00 and its 200 day moving average is $24.71.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). The company had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $9.33 billion. Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business earned ($0.20) earnings per share. Research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WBD. Deutsche Bank Aktiengesellschaft downgraded Warner Bros. Discovery from a “buy” rating to a “hold” rating and boosted their price objective for the company from $29.50 to $31.00 in a research note on Friday, February 27th. Raymond James Financial reissued an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Sanford C. Bernstein lifted their target price on shares of Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings raised shares of Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.30.

Insider Activity

In other Warner Bros. Discovery news, insider Gerhard Zeiler sold 600,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total value of $16,812,000.00. Following the sale, the insider owned 672,649 shares in the company, valued at $18,847,624.98. The trade was a 47.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce Campbell sold 1,580,331 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $28.00, for a total transaction of $44,249,268.00. Following the transaction, the insider directly owned 690,028 shares of the company’s stock, valued at $19,320,784. This trade represents a 69.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,206,827 shares of company stock valued at $230,674,025 in the last quarter. Company insiders own 1.80% of the company’s stock.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: March short-interest fell materially in a prior report — short interest dropped to 47,733,517 shares as of March 13 (down ~22.5% from Feb. 26); days-to-cover ~1.8 days and ~2.0% of float sold short, which can reduce downside pressure from short squeezes.
• Positive Sentiment: Retail and analyst attention has picked up — WBD is being flagged as a trending stock in coverage from Zacks and Yahoo/finance, which can support demand and liquidity. Warner Bros. Discovery, Inc. (WBD) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Multiple short-interest feeds show conflicting/erroneous data (reports of 0 shares / NaN increases) — data noise may cause confusion about true short positioning and should be treated cautiously by traders.
• Neutral Sentiment: Insider/insider-adjacent trading headlines (e.g., a congressman selling WBD stock after a strong run) are being reported; such items draw attention but don’t necessarily indicate company fundamentals changing. Congressman cashes out Warner Bros. Discovery shares up 150% in last year, here’s why he made less
• Negative Sentiment: Democratic senators have urged the FCC to conduct a “full and independent” foreign-investment review of the proposed Paramount–WBD deal, citing Middle Eastern sovereign fund backing — heightened regulatory scrutiny increases approval risk and timing uncertainty for any merger-related upside. Democratic Senators Call For “Full And Independent” FCC Review Of Foreign Ownership In Paramount-Warner Bros. Discovery Merger
• Negative Sentiment: Opinion pieces and commentary urging antitrust rejection of the tie-up are circulating, which can influence public and regulator sentiment and raise deal skepticism. Why Anti-Trust Regulators Should Reject WBD-Paramount Skydance Link-Up
• Negative Sentiment: A shareholder law firm has announced an investigation into WBD, signaling potential litigation risk tied to disclosures or deal process — another factor that can weigh on sentiment and increase legal/transaction costs. SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Warner Bros. Discovery, Inc. (NASDAQ: WBD)

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.