Sona Asset Management US LLC Buys 4,936,209 Shares of Warner Bros. Discovery, Inc. $WBD

Sona Asset Management US LLC grew its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 493.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,936,209 shares of the company’s stock after acquiring an additional 4,936,209 shares during the quarter. Warner Bros. Discovery accounts for 3.4% of Sona Asset Management US LLC’s portfolio, making the stock its 5th largest position. Sona Asset Management US LLC’s holdings in Warner Bros. Discovery were worth $163,008,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Warner Bros. Discovery by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 283,180,433 shares of the company’s stock worth $8,161,260,000 after purchasing an additional 1,966,278 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Warner Bros. Discovery by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 66,597,575 shares of the company’s stock valued at $1,912,634,000 after purchasing an additional 1,028,346 shares in the last quarter. Norges Bank acquired a new stake in shares of Warner Bros. Discovery during the 4th quarter worth about $1,123,807,000. Morgan Stanley boosted its stake in shares of Warner Bros. Discovery by 4.8% during the 4th quarter. Morgan Stanley now owns 27,462,742 shares of the company’s stock worth $791,476,000 after purchasing an additional 1,254,813 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Warner Bros. Discovery by 3.9% during the third quarter. Northern Trust Corp now owns 23,496,725 shares of the company’s stock worth $458,891,000 after buying an additional 876,869 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $25.77 on Monday. The stock has a fifty day moving average price of $26.72 and a 200 day moving average price of $27.38. 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, Inc. has a 12-month low of $10.76 and a 12-month high of $30.00. The company has a market cap of $64.61 billion, a P/E ratio of -36.81 and a beta of 1.54.

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). Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The company had revenue of $8.89 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same quarter in the prior year, the firm earned ($0.18) EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts anticipate that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WBD. Zacks Research raised Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. UBS Group upped their price objective on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. KeyCorp reissued an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. Seaport Research Partners downgraded shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Huber Research raised shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $27.04.

Key Warner Bros. Discovery News

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

• Positive Sentiment: Warner Bros. Discovery is expected to report second-quarter 2026 results on August 6, giving investors a new near-term catalyst to assess business performance. Warner Bros. Discovery to Report Second Quarter 2026 Results on Thursday, August 6
• Neutral Sentiment: Paramount has reportedly secured EU approval for the merger, reducing one hurdle even as U.S. regulators and courts continue to review the deal. Paramount’s Takeover Of Warner Bros. Discovery Gets EU Greenlight
• Negative Sentiment: A federal judge has extended the pause on the Paramount-Warner Bros. Discovery deal through at least August 17, increasing uncertainty around the transaction. Paramount-Warner-Bros deal paused through August 17, judge rules
• Negative Sentiment: Reports say Paramount may push the closing date out to as late as June 2027 while it fights state lawsuits, and could face large daily fees if the merger does not close on time. Paramount agrees to pause $110B Warner Bros. deal while states’ lawsuit plays out

Warner Bros. Discovery 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.