QRG Capital Management Inc. Has $8 Million Position in Warner Bros. Discovery, Inc. $WBD

QRG Capital Management Inc. raised its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,996 shares of the company’s stock after acquiring an additional 20,180 shares during the period. QRG Capital Management Inc.’s holdings in Warner Bros. Discovery were worth $7,998,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Harbor Investment Advisory LLC grew its holdings in shares of Warner Bros. Discovery by 111.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 942 shares of the company’s stock worth $25,000 after purchasing an additional 496 shares in the last quarter. Swiss RE Ltd. acquired a new position in Warner Bros. Discovery in the fourth quarter valued at about $26,000. Elevation Wealth Partners LLC lifted its position in Warner Bros. Discovery by 64.3% during the second quarter. Elevation Wealth Partners LLC now owns 1,009 shares of the company’s stock worth $27,000 after purchasing an additional 395 shares during the period. Fideuram Asset Management Ireland dac acquired a new stake in Warner Bros. Discovery during the fourth quarter worth about $29,000. Finally, MV Capital Management Inc. acquired a new stake in Warner Bros. Discovery during the fourth quarter worth about $30,000. 59.95% of the stock is currently owned by institutional investors.

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

Analysts Set New Price Targets

Several brokerages have recently commented on WBD. Weiss Ratings restated a “sell (d-)” rating on shares of Warner Bros. Discovery in a research report on Tuesday, August 4th. UBS Group increased their price target on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Huber Research raised shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. KeyCorp restated an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. Finally, Freedom Capital raised Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.69.

Insider Transactions at Warner Bros. Discovery

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

Warner Bros. Discovery Stock Up 2.1%

Shares of NASDAQ:WBD opened at $27.65 on Thursday. Warner Bros. Discovery, Inc. has a 52-week low of $11.25 and a 52-week high of $30.00. The company has a market capitalization of $69.32 billion, a PE ratio of -21.77 and a beta of 1.55. 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 company has a fifty day moving average of $26.49 and a 200-day moving average of $27.17.

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

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.