AMG National Trust Bank Reduces Stake in Warner Bros. Discovery, Inc. $WBD

AMG National Trust Bank decreased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 49.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 109,960 shares of the company’s stock after selling 105,474 shares during the period. AMG National Trust Bank’s holdings in Warner Bros. Discovery were worth $2,148,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Warner Bros. Discovery by 7.1% during the third quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock valued at $5,492,112,000 after acquiring an additional 18,736,600 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Warner Bros. Discovery by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 60,091,463 shares of the company’s stock worth $685,798,000 after purchasing an additional 551,548 shares during the period. Invesco Ltd. increased its stake in Warner Bros. Discovery by 2.8% in the second quarter. Invesco Ltd. now owns 44,574,492 shares of the company’s stock valued at $510,824,000 after purchasing an additional 1,233,195 shares during the last quarter. Norges Bank purchased a new position in Warner Bros. Discovery during the second quarter worth about $306,848,000. Finally, Pacer Advisors Inc. boosted its stake in Warner Bros. Discovery by 4,639.8% in the 3rd quarter. Pacer Advisors Inc. now owns 22,788,847 shares of the company’s stock worth $445,066,000 after buying an additional 22,308,046 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Warner Bros. Discovery

In other news, CFO Gunnar Wiedenfels sold 242,994 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the sale, the chief financial officer directly owned 918,940 shares in the company, valued at approximately $27,108,730. This represents a 20.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lori C. Locke sold 5,000 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $27.62, for a total value of $138,100.00. Following the completion of the sale, the chief accounting officer directly owned 110,084 shares in the company, valued at $3,040,520.08. This represents a 4.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 267,116 shares of company stock valued at $7,781,731 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $28.75 on Friday. The company’s 50-day simple moving average is $28.33 and its 200-day simple moving average is $22.13. Warner Bros. Discovery, Inc. has a one year low of $7.52 and a one year high of $30.00. The stock has a market capitalization of $71.24 billion, a price-to-earnings ratio of 151.32 and a beta of 1.64. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Competing bidders appear willing to overpay for WBD, which lifts the chance of a takeover premium for shareholders and is supporting the stock. Want to Win the Warner Bros. Discovery Takeover Battle? ‘Walk Away Now.’
• Positive Sentiment: Paramount says the U.S. antitrust waiting period on its all-cash bid has expired — a procedural milestone that moves the deal process forward and increases the plausibility of a transaction. Paramount says US antitrust waiting period on Warner Bros bid has expired
• Positive Sentiment: Reports that Netflix can boost its offer if needed suggest more upside is possible for shareholders if the bidding escalates. Netflix has ample room to increase its offer
• Neutral Sentiment: Netflix is publicly arguing it has a cleaner regulatory path and has deployed senior legal/antitrust personnel to make that case — can reduce concern but not decisive. Netflix doesn’t need the Warner Bros. deal, but its rivals might
• Neutral Sentiment: WBD rejected Paramount’s latest bid but gave Paramout/Skydance a week to submit a “best and final” offer — keeps the auction open and creates short-term uncertainty about the final price. Warner Bros Rejects Paramount’s Latest Bid But Gives David Ellison’s Firm A Week To Submit ‘Best And Final’ Offer
• Neutral Sentiment: WBD will report Q4 and full-year 2025 results on Feb. 26 — an upcoming catalyst that could swing sentiment separate from takeover headlines. Warner Bros. Discovery to Report Fourth Quarter and Full Year 2025 Results
• Negative Sentiment: The U.S. DOJ is probing how a sale could affect movie theaters and has engaged major chains — this regulatory scrutiny could complicate or delay a deal. US DOJ probes Warner Bros’ planned sale impact on theaters
• Negative Sentiment: High-profile opposition (e.g., James Cameron letter) and ongoing antitrust scrutiny create political and reputational headwinds that could slow approvals or increase conditions. James Cameron sends scathing letter over Netflix-WBD deal
• Negative Sentiment: An outside firm cut WBD to Hold, which could temper investor enthusiasm if more downgrades follow. Warner Bros. Discovery Cut to Hold at Rothschild & Co Redburn

Analyst Ratings Changes

Several equities analysts recently commented on the stock. TD Cowen upped their price target on shares of Warner Bros. Discovery from $14.00 to $22.00 in a research report on Friday, November 7th. Arete Research raised their target price on shares of Warner Bros. Discovery from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Moffett Nathanson upped their price target on shares of Warner Bros. Discovery from $26.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Guggenheim cut Warner Bros. Discovery from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $25.00 to $30.00 in a research note on Wednesday, January 14th. Finally, Weiss Ratings downgraded Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Warner Bros. Discovery has a consensus rating of “Hold” and an average target price of $25.09.

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.