34,135 Shares in Warner Bros. Discovery, Inc. $WBD Purchased by Net Worth Advisory Group

Net Worth Advisory Group acquired a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 34,135 shares of the company’s stock, valued at approximately $984,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WBD. TriaGen Wealth Management LLC bought a new stake in shares of Warner Bros. Discovery during the 3rd quarter valued at about $443,000. Swedbank AB increased its position in shares of Warner Bros. Discovery by 3.7% in the third quarter. Swedbank AB now owns 1,065,445 shares of the company’s stock worth $20,808,000 after purchasing an additional 37,986 shares during the last quarter. Mackay Shields LLC bought a new position in shares of Warner Bros. Discovery in the third quarter worth approximately $7,812,000. New York State Teachers Retirement System raised its stake in Warner Bros. Discovery by 4.1% in the third quarter. New York State Teachers Retirement System now owns 1,775,964 shares of the company’s stock valued at $34,685,000 after purchasing an additional 69,141 shares in the last quarter. Finally, Hauser Brothers GmbH lifted its position in Warner Bros. Discovery by 19.8% during the third quarter. Hauser Brothers GmbH now owns 2,877,000 shares of the company’s stock valued at $56,188,000 after purchasing an additional 476,000 shares during the last quarter. 59.95% of the stock is currently 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 formally set a Special Meeting for shareholders on April 23, 2026 at 10:00 a.m. ET to vote on the Paramount Skydance merger; the company has begun mailing the definitive proxy and the board unanimously recommends shareholders vote FOR the transaction. This official timetable and proxy distribution increases the odds of the deal closing if approvals follow. Warner Bros. Discovery Sets Shareholder Meeting Date of April 23, 2026 to Approve Transaction with Paramount Skydance
• Positive Sentiment: Major outlets report the deal size at roughly $110 billion and confirm the April 23 shareholder vote — higher clarity on price and timing reduces deal uncertainty that can weigh on the stock. Warner Bros shareholders to vote on $110 billion Paramount deal on April 23, WSJ reports
• Positive Sentiment: Netflix reportedly walked away from talks to acquire WBD, removing a potential competing bidder and making the Paramount transaction more likely to close without a higher offer — this supports the deal’s probability and reduces takeover speculation. Netflix Ends Warner Deal Talks To Focus On Core Growth Choices
• Neutral Sentiment: Local government steps are proceeding: the Los Angeles County Board of Supervisors greenlighted an economic analysis of the proposed merger, a routine but necessary part of assessing local impacts — not a direct blocker but part of the regulatory timeline. Los Angeles County Board of Supervisors Greenlights Economic Analysis of Paramount-WBD Merger
• Neutral Sentiment: Wide media coverage (MSN, Deadline, Hollywood Reporter) confirms the April 23 date and keeps investor focus on the vote; continued coverage can maintain trading volume and short‑term volatility until the meeting. Warner Bros. Discovery Sets Shareholder Vote On Sale To Paramount
• Negative Sentiment: Despite progress, the transaction remains large and subject to shareholder approval and potential regulatory and antitrust scrutiny — these are meaningful execution risks that could delay, change terms, or block the deal, which would weigh on the stock if they materialize. Warner Bros. Discovery Sets April 23 Vote on Paramount Mega Deal

Warner Bros. Discovery Stock Performance

WBD opened at $27.07 on Friday. Warner Bros. Discovery, Inc. has a one year low of $7.52 and a one year high of $30.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day simple moving average of $27.91 and a two-hundred day simple moving average of $24.85. The firm has a market capitalization of $67.13 billion, a price-to-earnings ratio of 93.35 and a beta of 1.60.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WBD. Guggenheim cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and raised their price objective for the company from $25.00 to $30.00 in a research report on Wednesday, January 14th. Weiss Ratings upgraded shares of Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. Argus reduced their target price on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Morgan Stanley set a $29.00 price target on Warner Bros. Discovery in a research report on Thursday, December 18th. Finally, Sanford C. Bernstein lifted their price target on Warner Bros. Discovery from $23.50 to $27.75 and gave the stock a “market perform” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Hold” and an average price target of $26.30.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Bruce Campbell sold 1,580,331 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $28.00, for a total value of $44,249,268.00. Following the completion of the transaction, the insider directly owned 690,028 shares in the company, valued at approximately $19,320,784. This represents a 69.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerhard Zeiler sold 600,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.02, for a total transaction of $16,812,000.00. Following the completion of the sale, the insider directly owned 672,649 shares of the company’s stock, valued at approximately $18,847,624.98. This represents a 47.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 8,206,827 shares of company stock worth $230,674,025. 1.90% of the stock is owned by corporate insiders.

About Warner Bros. Discovery

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.