Handelsbanken Fonder AB Buys 35,841 Shares of Warner Bros. Discovery, Inc. $WBD

Handelsbanken Fonder AB raised its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,057,974 shares of the company’s stock after acquiring an additional 35,841 shares during the period. Handelsbanken Fonder AB’s holdings in Warner Bros. Discovery were worth $28,206,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of WBD. Valeo Financial Advisors LLC lifted its position in shares of Warner Bros. Discovery by 2.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 16,683 shares of the company’s stock worth $445,000 after buying an additional 445 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its stake in Warner Bros. Discovery by 77.3% in the second quarter. Beacon Investment Advisory Services Inc. now owns 4,351 shares of the company’s stock valued at $116,000 after buying an additional 1,897 shares in the last quarter. Elevation Wealth Partners LLC grew its position in Warner Bros. Discovery by 64.3% in the second quarter. Elevation Wealth Partners LLC now owns 1,009 shares of the company’s stock valued at $27,000 after acquiring an additional 395 shares during the last quarter. Czech National Bank grew its position in Warner Bros. Discovery by 2.9% in the second quarter. Czech National Bank now owns 705,447 shares of the company’s stock valued at $18,807,000 after acquiring an additional 19,951 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab raised its stake in Warner Bros. Discovery by 4.3% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 185,307 shares of the company’s stock worth $4,940,000 after acquiring an additional 7,600 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Kenneth W. Lowe sold 120,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $26.97, for a total value of $3,236,400.00. Following the completion of the sale, the director directly owned 990,108 shares in the company, valued at approximately $26,703,212.76. This trade represents a 10.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gerhard Zeiler sold 591,038 shares of Warner Bros. Discovery stock in a transaction on Monday, August 10th. The shares were sold at an average price of $27.05, for a total transaction of $15,987,577.90. Following the completion of the sale, the insider directly owned 537,436 shares of the company’s stock, valued at approximately $14,537,643.80. This trade represents a 52.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a research report on Thursday, May 7th. UBS Group boosted their price objective on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Warner Bros. Discovery in a report on Tuesday, August 4th. Freedom Capital raised Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Hold” and an average price target of $27.69.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Freedom Capital upgraded WBD from “hold” to “strong buy,” adding to the stock’s bullish sentiment. Zacks.com
• Positive Sentiment: Paramount Skydance reportedly said a sale of CNN could be considered to help resolve California’s antitrust lawsuit challenging its proposed merger with Warner Bros. Discovery. Such a concession could improve the transaction’s chances of closing, although it would also reshape the deal’s strategic benefits. Paramount says CNN sale is on the table
• Neutral Sentiment: Paramount CEO David Ellison reportedly threatened to begin moving the company out of California if the state attorney general does not negotiate a settlement. The escalation increases pressure for a resolution but could prolong uncertainty around the WBD merger. Paramount California exit threat
• Neutral Sentiment: Coverage continues to describe the Paramount–WBD transaction as being in legal limbo, with an antitrust trial reportedly scheduled for March 2027. The prolonged timetable makes the stock particularly sensitive to regulatory and courtroom developments. Paramount Skydance versus WBD deal analysis
• Negative Sentiment: Director Kenneth W. Lowe sold 120,000 shares for approximately $3.24 million, while insider Gerhard Zeiler sold 591,038 shares worth about $15.99 million. The sizable insider selling may weigh on sentiment, though the filings do not establish the sellers’ motivations. WBD insider sale filing
• Negative Sentiment: The merger’s antitrust challenges remain a material downside risk: failure or substantial modification of the deal could remove a major source of potential value for WBD shareholders. Democratic scrutiny of the Paramount-WBD deal

Warner Bros. Discovery Stock Up 2.1%

Warner Bros. Discovery stock opened at $27.65 on Thursday. The firm has a market cap of $69.32 billion, a price-to-earnings ratio of -21.77 and a beta of 1.55. Warner Bros. Discovery, Inc. has a 52-week low of $11.25 and a 52-week high of $30.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a 50 day moving average price of $26.49 and a two-hundred day moving average price of $27.17.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.20. Warner Bros. Discovery had a negative return on equity of 8.91% and a negative net margin of 8.77%.The firm had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period last year, the business posted $0.63 EPS. The business’s revenue was down 11.2% compared to the same quarter last year. Equities analysts predict that Warner Bros. Discovery, Inc. will post -1.13 EPS for the current 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.