Tokio Marine Asset Management Co. Ltd. lifted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 304.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 363,983 shares of the company’s stock after acquiring an additional 274,000 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Warner Bros. Discovery were worth $10,490,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in WBD. Concord Wealth Partners lifted its holdings in shares of Warner Bros. Discovery by 49.9% in the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of Warner Bros. Discovery by 152.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock valued at $27,000 after acquiring an additional 847 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Warner Bros. Discovery in the 3rd quarter valued at about $33,000. Crews Bank & Trust lifted its holdings in shares of 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 acquiring an additional 1,590 shares during the last quarter. Finally, TOWER TRUST & INVESTMENT Co lifted its holdings in shares of Warner Bros. Discovery by 4,730.8% in the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock valued at $36,000 after acquiring an additional 1,230 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently commented on WBD. UBS Group increased their price target on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Guggenheim downgraded shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and increased their price target for the company from $25.00 to $30.00 in a report on Wednesday, January 14th. TD Cowen increased their price target on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a report on Friday, February 27th. 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. Finally, Rothschild & Co Redburn set a $31.00 price objective on shares of Warner Bros. Discovery and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.30.
Warner Bros. Discovery News Roundup
Here are the key news stories impacting Warner Bros. Discovery this week:
- Positive Sentiment: HBO Max launched on India’s JioCinema/JioCinema Premium (JioHotstar) distribution, expanding WBD’s streaming footprint in a large international market and creating incremental subscriber and ad revenue opportunity. Warner Bros Discovery’s HBO Max launches in India on JioHotstar
- Positive Sentiment: Paramount Skydance CEO David Ellison vowed to keep at least 30 film releases per year if the proposed $110B deal closes, a public assurance that aims to limit disruption to WBD’s theatrical and studio revenue lines. This could reduce some investor fear about content cuts post-merger. Ellison takes Paramount, Warner Bros case straight to theater owners
- Neutral Sentiment: WBD set its Q1 2026 earnings release for May 7 (pre‑market) — earnings and subscriber metrics will be the next direct catalyst for the stock. Investors should watch streaming ARPU, ad growth, and guidance. Warner Bros. Discovery to Report First Quarter 2026 Results on Thursday, May 7
- Neutral Sentiment: Zacks notes elevated search interest in WBD from retail investors — higher attention can amplify intra‑day moves but doesn’t itself change fundamentals. Investors Heavily Search Warner Bros. Discovery, Inc. (WBD): Here is What You Need to Know
- Negative Sentiment: Regulatory and political scrutiny is intensifying: Senate hearings, calls for testimony, and public criticism from filmmakers and lawmakers raise the risk of remedies, divestitures or deal delays that could reduce deal certainty and create strategic uncertainty for WBD. Cory Booker To Hold “Spotlight” Hearing On Paramount-Warner Bros. Discovery Merger, Invites David Ellison To Testify
- Negative Sentiment: Theater owners and industry voices warn a Paramount‑WBD combination could squeeze exhibitors and restructure release windows — these concerns add another layer of execution and regulatory risk that could pressure WBD’s valuation until the deal path clears. Paramount-WBD Merger? Theater Owners Expect Even Tougher Times
- Negative Sentiment: Multiple reports suggest the proposed acquisition faces a “hostile rewrite” risk and public pushback from talent and lawmakers, increasing the chance of concessions or an extended approval timeline. That uncertainty often weighs on the stock until resolved. Warner Bros. Discovery’s blockbuster deal faces a hostile rewrite
Warner Bros. Discovery Stock Performance
Shares of NASDAQ:WBD opened at $27.47 on Friday. The firm has a market cap of $68.12 billion, a PE ratio of 94.73 and a beta of 1.63. The firm’s 50 day simple moving average is $27.77 and its 200-day simple moving average is $25.86. Warner Bros. Discovery, Inc. has a one year low of $7.75 and a one year high of $30.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.06.
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last issued its quarterly earnings data 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). The business 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 business’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.20) earnings per share. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.
Insider Activity at Warner Bros. Discovery
In related news, Director Paul A. Gould sold 600,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $27.35, for a total transaction of $16,410,000.00. Following the transaction, the director directly owned 244,357 shares of the company’s stock, valued at $6,683,163.95. This trade represents a 71.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Gerhard Zeiler sold 600,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total transaction of $16,812,000.00. Following the transaction, the insider directly owned 672,649 shares in the company, valued at approximately $18,847,624.98. The trade was a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 8,206,827 shares of company stock valued at $230,674,025 over the last quarter. 1.90% of the stock is owned by insiders.
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.
See Also
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