Sequoia Financial Advisors LLC Increases Stake in Warner Bros. Discovery, Inc. $WBD

Sequoia Financial Advisors LLC grew its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 46.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,174 shares of the company’s stock after buying an additional 26,708 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Warner Bros. Discovery were worth $2,426,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of WBD. Vanguard Group Inc. raised its position in Warner Bros. Discovery by 7.1% during the 3rd quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock worth $5,492,112,000 after buying an additional 18,736,600 shares during the last quarter. Jericho Capital Asset Management L.P. raised its position in Warner Bros. Discovery by 108.9% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock worth $685,413,000 after buying an additional 18,291,865 shares during the last quarter. Duquesne Family Office LLC purchased a new position in shares of Warner Bros. Discovery in the 2nd quarter valued at about $74,916,000. Allianz Asset Management GmbH increased its holdings in shares of Warner Bros. Discovery by 170.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 9,326,978 shares of the company’s stock valued at $182,156,000 after purchasing an additional 5,873,183 shares in the last quarter. Finally, Amundi increased its holdings in shares of Warner Bros. Discovery by 59.6% in the 3rd quarter. Amundi now owns 15,523,538 shares of the company’s stock valued at $296,189,000 after purchasing an additional 5,798,592 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Bruce Campbell sold 41,784 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $27.82, for a total transaction of $1,162,430.88. Following the sale, the insider directly owned 604,666 shares of the company’s stock, valued at $16,821,808.12. This trade represents a 6.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Fazal F. Merchant sold 35,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $27.48, for a total transaction of $961,800.00. Following the sale, the director directly owned 95,539 shares in the company, valued at $2,625,411.72. This represents a 26.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,206,827 shares of company stock worth $230,674,025 in the last 90 days. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WBD shares. Sanford C. Bernstein increased their price target on shares of Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a report on Tuesday, February 24th. Guggenheim reiterated a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday. Huber Research downgraded shares of Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 27th. KeyCorp reiterated an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Finally, Rothschild & Co Redburn set a $31.00 price target on shares of Warner Bros. Discovery and gave the company a “neutral” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Hold” and a consensus price target of $26.36.

Key Stories Impacting 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

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $27.11 on Monday. The stock has a market cap of $67.96 billion, a price-to-earnings ratio of -38.73 and a beta of 1.57. Warner Bros. Discovery, Inc. has a 52 week low of $8.82 and a 52 week high of $30.00. The company’s 50-day moving average price is $27.48 and its 200 day moving average price is $26.66. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 4.67% and a negative return on equity of 4.77%. Warner Bros. Discovery’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.18) earnings per share. As a group, research analysts forecast that Warner Bros. Discovery, Inc. will post -0.15 earnings per share for the current fiscal year.

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.