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

Handelsbanken Fonder AB lifted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.5% during the second quarter, Holdings Channel.com reports. The firm owned 1,057,974 shares of the company’s stock after purchasing an additional 35,841 shares during the period. Handelsbanken Fonder AB’s holdings in Warner Bros. Discovery were worth $28,206,000 as of its most recent SEC filing.

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

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $27.65 on Thursday. 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 quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average price is $26.49 and its 200-day moving average price is $27.17. Warner Bros. Discovery, Inc. has a twelve month low of $11.25 and a twelve month high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.20. The company had revenue of $8.72 billion during 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 was down 11.2% on a year-over-year basis. During the same period last year, the business posted $0.63 earnings per share. On average, equities analysts anticipate that Warner Bros. Discovery, Inc. will post -1.13 EPS for the current year.

Wall Street Analysts Forecast Growth

WBD has been the topic of several recent research reports. Guggenheim reaffirmed a “neutral” rating on shares of Warner Bros. Discovery in a research report on Thursday, May 7th. Huber Research raised Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Seaport Research Partners downgraded Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a research note on Monday, July 27th. KeyCorp restated an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Finally, Zacks Research cut Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and three have given 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.

Insiders Place Their Bets

In other news, Director Kenneth W. Lowe sold 120,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director directly owned 990,108 shares of the company’s stock, valued at $26,703,212.76. This trade represents a 10.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gerhard Zeiler sold 591,038 shares of Warner Bros. Discovery stock in a transaction on 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 $14,537,643.80. The trade was a 52.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.70% of the stock is owned by corporate insiders.

More Warner Bros. Discovery News

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 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.