Gabelli Funds LLC Lowers Stock Holdings in Warner Bros. Discovery, Inc. $WBD

Gabelli Funds LLC reduced its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,633,650 shares of the company’s stock after selling 65,000 shares during the period. Gabelli Funds LLC’s holdings in Warner Bros. Discovery were worth $51,435,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Concord Wealth Partners grew its holdings in Warner Bros. Discovery by 49.9% during the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after acquiring an additional 440 shares during the period. Howard Capital Management Inc. raised its position in Warner Bros. Discovery by 3.1% in the third quarter. Howard Capital Management Inc. now owns 15,559 shares of the company’s stock worth $304,000 after acquiring an additional 474 shares in the last quarter. Claro Advisors LLC lifted its holdings in Warner Bros. Discovery by 4.4% in the third quarter. Claro Advisors LLC now owns 11,591 shares of the company’s stock valued at $226,000 after acquiring an additional 484 shares during the period. Clearstead Advisors LLC boosted its position in shares of Warner Bros. Discovery by 0.6% during the 3rd quarter. Clearstead Advisors LLC now owns 91,414 shares of the company’s stock worth $1,785,000 after purchasing an additional 506 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its position in shares of Warner Bros. Discovery by 3.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 16,860 shares of the company’s stock worth $329,000 after purchasing an additional 512 shares in the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $27.93 on Friday. The stock has a market cap of $69.21 billion, a price-to-earnings ratio of 96.31 and a beta of 1.60. Warner Bros. Discovery, Inc. has a 52 week low of $7.52 and a 52 week high of $30.00. The company’s 50-day moving average price is $28.27 and its 200 day moving average price is $23.22. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The business had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.33 billion. During the same quarter in the previous year, the firm posted ($0.20) EPS. The business’s revenue was down 5.7% on a year-over-year basis. As a group, research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

In other news, insider Priya Aiyar sold 223,512 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $28.24, for a total transaction of $6,311,978.88. Following the completion of the transaction, the insider directly owned 919,252 shares of the company’s stock, valued at $25,959,676.48. This trade represents a 19.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bruce Campbell sold 1,580,331 shares of Warner Bros. Discovery stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $28.00, for a total value of $44,249,268.00. Following the transaction, the insider owned 690,028 shares of the company’s stock, valued at $19,320,784. This represents a 69.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 7,782,159 shares of company stock worth $219,565,426. 1.90% of the stock is currently owned by insiders.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: Paramount/Skydance agreed to buy WBD assets in a deal that could deliver a takeover premium and simplify WBD’s portfolio — this is the primary bullish catalyst for shareholders. Read More.
• Positive Sentiment: Buyer leadership (David Ellison/Paramount/Skydance) publicly pledges to keep CNN independent, reducing regulatory and integration risk that might otherwise erode deal value. Read More.
• Positive Sentiment: Analysts and M&A presentations are framing the transaction as a strategic reset that could unlock value for WBD shareholders (materials outline bidder dynamics and potential synergies). Read More.
• Neutral Sentiment: Netflix has stepped back from the WBD bidding war and is refocusing on core streaming strategy — removes one potential suitor but also leaves bidders like Paramount to set the deal terms. Read More.
• Neutral Sentiment: Coverage notes Netflix received cash from its failed WBD bid and may redeploy capital elsewhere; this is relevant to the competitive landscape but not directly to WBD’s valuation. Read More.
• Neutral Sentiment: Third-party market activity (reports of investors buying Netflix bonds and other opportunistic moves) reflects investor jockeying around the media deal but is peripheral to WBD’s fundamentals. Read More.
• Negative Sentiment: Large, coordinated insider selling reported this week (CEO David Zaslav sold ~4.0M shares; CFO and other senior execs also sold large blocks) — big disposals can pressure sentiment and suggest insiders are taking liquidity or reducing exposure ahead of/after deal activity. Read More.
• Negative Sentiment: Additional insider sales (e.g., Amy Girdwood) and multiple large Form 4s amplify the selling signal and may trigger short-term profit-taking. Read More.
• Negative Sentiment: Analyst pressure: Moffett Nathanson downgraded WBD to neutral (maintains $31 target) and Argus published a pessimistic forecast — bearish notes can cap the stock’s near-term upside and encourage selling. Read More. • Read More.

Analyst Ratings Changes

WBD has been the subject of a number of research analyst reports. 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 boosted their price objective on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, February 27th. Arete Research restated a “neutral” rating and set a $31.25 target price on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Barrington Research cut shares of Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a report on Friday, December 5th. Finally, Weiss Ratings upgraded shares of Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. Five analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.99.

About Warner Bros. Discovery

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.