Warner Bros. Discovery, Inc. $WBD Position Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 45.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 282,987 shares of the company’s stock after purchasing an additional 88,461 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Warner Bros. Discovery were worth $5,527,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WBD. Voya Investment Management LLC raised its position in Warner Bros. Discovery by 34.9% during the first quarter. Voya Investment Management LLC now owns 7,035,842 shares of the company’s stock valued at $75,495,000 after acquiring an additional 1,820,249 shares in the last quarter. TriaGen Wealth Management LLC bought a new stake in Warner Bros. Discovery in the third quarter worth approximately $443,000. Bfsg LLC increased its stake in shares of Warner Bros. Discovery by 11.2% during the 2nd quarter. Bfsg LLC now owns 156,906 shares of the company’s stock worth $1,798,000 after purchasing an additional 15,786 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of Warner Bros. Discovery by 29,882.6% during the 2nd quarter. Penserra Capital Management LLC now owns 62,064 shares of the company’s stock valued at $710,000 after purchasing an additional 61,857 shares in the last quarter. Finally, Country Club Bank raised its holdings in shares of Warner Bros. Discovery by 54.3% during the 2nd quarter. Country Club Bank now owns 502,878 shares of the company’s stock valued at $5,683,000 after purchasing an additional 176,994 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Insider Activity at Warner Bros. Discovery

In other news, CFO Gunnar Wiedenfels sold 242,994 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total value of $7,168,323.00. Following the sale, the chief financial officer owned 918,940 shares in the company, valued at approximately $27,108,730. This trade represents a 20.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lori C. Locke sold 4,122 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $28.92, for a total transaction of $119,208.24. Following the transaction, the chief accounting officer directly owned 100,962 shares in the company, valued at $2,919,821.04. This trade represents a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 489,326 shares of company stock valued at $12,781,456 over the last three months. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WBD. Rothschild Redb upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Wells Fargo & Company upped their price target on Warner Bros. Discovery from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Guggenheim increased their price objective on Warner Bros. Discovery from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, November 7th. Benchmark raised their price objective on Warner Bros. Discovery from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Finally, Raymond James Financial upped their target price on Warner Bros. Discovery from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.22.

More Warner Bros. Discovery News

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

• Positive Sentiment: Market analysts note WBD could benefit if Paramount raises its bid or more suitors emerge, creating a potential bidding war that would lift the stock above current levels. Warner Bros. Rejects Paramount’s Offer—How It Affects WBD, NFLX, PSKY
• Positive Sentiment: Paramount Skydance has publicly reaffirmed its $30 per share all‑cash offer, keeping pressure on WBD’s board and preserving the possibility of a higher cash bid that would be immediately valuable to shareholders. PARAMOUNT REAFFIRMS COMMITMENT TO DELIVERING SUPERIOR $30 PER SHARE ALL-CASH OFFER TO WARNER BROS. DISCOVERY SHAREHOLDERS
• Neutral Sentiment: Some large WBD investors are split on Paramount’s offer, meaning shareholder votes could become decisive — this keeps the outcome uncertain but preserves upside if holders defect from the board’s recommendation. Some of Warner Bros’ biggest investors are split on Paramount offer
• Neutral Sentiment: Retail and momentum interest in WBD is elevated (ranked as a trending stock by some services), which can amplify intraday moves during takeover news. Is Trending Stock Warner Bros. Discovery, Inc. (WBD) a Buy Now?
• Negative Sentiment: Paramount has taken an antitrust argument to lawmakers, calling the Netflix‑WBD combination “presumptively unlawful,” which increases regulatory risk and could slow or block the Netflix deal — a headwind for near‑term certainty. Paramount Tells Lawmakers That Netflix-WBD Merger Is “Presumptively Unlawful”
• Negative Sentiment: Paramount is publicly attacking WBD’s planned asset spin‑offs and valuation assumptions (e.g., arguing the cable network spin‑off adds little value), escalating legal and narrative battles that add execution risk for any deal. Why Paramount is now saying the TV networks it wants to buy from WBD are worth $0.00 per share

Warner Bros. Discovery Trading Up 2.0%

Warner Bros. Discovery stock opened at $28.89 on Friday. Warner Bros. Discovery, Inc. has a 52 week low of $7.52 and a 52 week high of $30.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $71.59 billion, a PE ratio of 152.06 and a beta of 1.56. The business’s 50-day simple moving average is $26.03 and its 200-day simple moving average is $18.80.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $9.05 billion during the quarter, compared to analyst estimates of $9.17 billion. Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS. Equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share 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.