Fisher Asset Management LLC Has $10.69 Million Stake in Warner Bros. Discovery, Inc. $WBD

Fisher Asset Management LLC cut its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 547,159 shares of the company’s stock after selling 39,982 shares during the quarter. Fisher Asset Management LLC’s holdings in Warner Bros. Discovery were worth $10,686,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of Warner Bros. Discovery by 304.9% in the fourth quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock valued at $729,000 after purchasing an additional 51,920 shares during the period. NewEdge Advisors LLC raised its holdings in Warner Bros. Discovery by 50.5% in the 1st quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock valued at $679,000 after acquiring an additional 21,228 shares during the period. Empowered Funds LLC lifted its position in Warner Bros. Discovery by 6.2% during the first quarter. Empowered Funds LLC now owns 65,082 shares of the company’s stock worth $698,000 after acquiring an additional 3,779 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Warner Bros. Discovery by 91.6% during the first quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock worth $1,254,000 after acquiring an additional 55,837 shares during the period. Finally, Arkadios Wealth Advisors bought a new stake in shares of Warner Bros. Discovery during the second quarter worth approximately $247,000. Institutional investors own 59.95% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WBD. Moffett Nathanson increased their target price on Warner Bros. Discovery from $26.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Wells Fargo & Company upped their price objective on Warner Bros. Discovery from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft downgraded Warner Bros. Discovery from a “buy” rating to a “hold” rating and lifted their target price for the stock from $29.50 to $31.00 in a report on Friday, February 27th. UBS Group upped their price target on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, Huber Research lowered shares of Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 27th. Six research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $25.34.

Warner Bros. Discovery Stock Performance

WBD opened at $27.95 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.06. Warner Bros. Discovery, Inc. has a 52-week low of $7.52 and a 52-week high of $30.00. The firm has a market cap of $69.26 billion, a P/E ratio of 96.38 and a beta of 1.60. The business’s fifty day moving average is $28.32 and its 200-day moving average is $23.08.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.19). The firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.20) EPS. Sell-side analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Lori C. Locke sold 4,122 shares of Warner Bros. Discovery stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $28.92, for a total value of $119,208.24. Following the transaction, the chief accounting officer owned 100,962 shares in the company, valued at approximately $2,919,821.04. This trade represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total value of $7,168,323.00. Following the transaction, the chief financial officer directly owned 918,940 shares of the company’s stock, valued at $27,108,730. This trade represents a 20.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 252,116 shares of company stock valued at $7,425,631. 1.90% of the stock is currently owned by insiders.

Warner Bros. Discovery News Summary

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

• Positive Sentiment: Paramount Skydance signed a definitive agreement to acquire Warner Bros. Discovery, laying out plans to combine streaming assets while keeping key cable networks — a clear path to a cash exit for WBD shareholders. Paramount Skydance Deal Reshapes Warner Bros Discovery Outlook After Netflix Exit
• Positive Sentiment: WBD’s board has backed PSKY’s revised $31-per-share cash bid with added deal protections — a signal the board prefers this offer and strengthens the likelihood of the sale closing at the agreed price. Can WBD Capitalize on PSKY’s Modified Proposal to Drive Value?
• Positive Sentiment: FCC Chair Brendan Carr publicly characterized the deal as “cleaner” than Netflix’s proposal and said it should be approved quickly, easing a major regulatory overhang for the transaction. FCC chief tells CNBC WBD-Paramount merger deal is ‘cleaner’ than Netflix’s
• Neutral Sentiment: Netflix formally withdrew its competing bid after heavy regulatory and political scrutiny; that removes a rival bidder (reducing auction upside) but clears the path to closing with PSKY. President Trump Buys Netflix Debt Worth Up to $1.25 Million Amid WBD Sale
• Neutral Sentiment: Coverage and analysis argue Netflix “won” by walking away (its stock popped), which helps explain sector rotation and investor sentiment that may be pulling capital away from WBD today. The Art of the Walk-Away: Netflix Wins by Losing the WBD Deal (WBD)
• Negative Sentiment: CEO David Zaslav and other top executives sold sizable amounts of WBD stock (Zaslav ~ $114M), which investors often view as a negative signal about near-term upside or insiders cashing out after deal news. David Zaslav Sells $114 Million Worth of Warner Bros. Discovery Stock After WBD Clinches Paramount Skydance Deal
• Negative Sentiment: Credit agencies have downgraded Paramount (the buyer) and placed ratings on negative watch, raising financing and integration risk for the transaction — a potential drag on WBD shares until financing and regulatory details are resolved. Paramount credit ratings downgraded by Fitch after Warner Bros deal
• Negative Sentiment: Industry pushback — filmmakers’ anxiety, warnings about job losses and market chatter on potential layoffs — creates operational and PR risks that could complicate integration and near-term performance. Burning Questions for Paramount’s Warner Bros. Deal

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.