Warner Bros. Discovery, Inc. $WBD Position Boosted by Ethic Inc.

Posted by Amy Steele on May 10th, 2026

Ethic Inc. lifted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 20.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 287,464 shares of the company’s stock after buying an additional 48,474 shares during the quarter. Ethic Inc.’s holdings in Warner Bros. Discovery were worth $8,285,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC lifted its holdings in Warner Bros. Discovery by 304.9% in the fourth quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock worth $729,000 after acquiring an additional 51,920 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Warner Bros. Discovery by 50.5% in the first quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock worth $679,000 after acquiring an additional 21,228 shares during the last quarter. Empowered Funds LLC lifted its holdings 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 acquiring an additional 3,779 shares during the last quarter. Focus Partners Wealth lifted its holdings 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 acquiring an additional 55,837 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Warner Bros. Discovery by 3.8% in the second quarter. Baird Financial Group Inc. now owns 111,450 shares of the company’s stock worth $1,277,000 after acquiring an additional 4,062 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

NASDAQ WBD opened at $27.11 on Friday. Warner Bros. Discovery, Inc. has a 12 month low of $8.82 and a 12 month high of $30.00. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.73 and a quick ratio of 1.06. The firm has a market capitalization of $67.96 billion, a PE ratio of -38.73 and a beta of 1.57. The company’s 50 day simple moving average is $27.48 and its 200 day simple moving average is $26.66.

Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The business had revenue of $8.89 billion during the quarter, compared to analyst estimates of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) EPS. As a group, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -0.15 EPS for the current fiscal year.

Insider Transactions at Warner Bros. Discovery

In related news, Director Paul A. Gould sold 600,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $27.35, for a total value of $16,410,000.00. Following the completion of the transaction, the director owned 244,357 shares of the company’s stock, valued at approximately $6,683,163.95. This trade represents a 71.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gunnar Wiedenfels sold 617,580 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $28.25, for a total transaction of $17,446,635.00. Following the completion of the transaction, the chief financial officer directly owned 691,570 shares of the company’s stock, valued at $19,536,852.50. This represents a 47.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 8,206,827 shares of company stock worth $230,674,025. 1.90% of the stock is currently owned by insiders.

Trending Headlines about Warner Bros. Discovery

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

Positive Sentiment: Streaming remains a bright spot, with Warner Bros. Discovery topping 140 million subscribers and management highlighting strong momentum in its direct-to-consumer business. Warner Bros. Discovery Earnings Call Highlights Streaming Surge
Positive Sentiment: HBO Max was described by David Zaslav as likely the company’s “most important asset,” reinforcing the value of WBD’s streaming platform as a key long-term driver. David Zaslav Says HBO Max Is “Probably” Warner Bros. Discovery’s “Most Important Asset”
Neutral Sentiment: Warner Bros. TV announced special podcast episodes for The Pitt, a small content-related update that may help engagement but is unlikely to materially move the stock. Warner Bros TV Announces Special Podcast Episodes For “The Pitt”
Neutral Sentiment: Guggenheim reiterated a neutral rating, signaling analysts are waiting for clearer evidence that earnings and the strategic outlook are improving. Guggenheim Reaffirms Neutral Rating on Warner Bros. Discovery
Negative Sentiment: Q1 results missed expectations, with WBD posting a $1.17 per-share loss versus a much smaller expected loss, while revenue came in just below estimates and declined year over year. Warner Bros. Discovery reports Q1 CY2026 in line with expectations
Negative Sentiment: The quarter was heavily burdened by a $2.8 billion Netflix termination fee and restructuring costs, which drove a roughly $2.9 billion net loss and overshadowed operational progress. Warner Bros. Discovery posts wider Q1 loss driven by $2.8B Netflix termination fee
Negative Sentiment: Media coverage focused on the large loss and weaker-than-expected results, reinforcing concerns that near-term earnings are still being weighed down by one-time and integration-related charges. Warner Bros. Discovery Logs $2.92 Billion Loss Tied to Netflix Termination Fee

Wall Street Analyst Weigh In

WBD has been the topic of a number of recent research reports. Guggenheim reissued a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday. Benchmark reissued a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. Arete Research reissued a “neutral” rating and issued a $31.25 target price on shares of Warner Bros. Discovery in a report on Friday, February 27th. Rothschild & Co Redburn set a $31.00 price target on Warner Bros. Discovery and gave the company a “neutral” rating in a report on Tuesday, February 17th. Finally, Sanford C. Bernstein lifted their price target on Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.36.

Get Our Latest Stock Analysis on WBD

About Warner Bros. Discovery

(Free Report)

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.