Cresset Asset Management LLC Buys 27,040 Shares of Warner Bros. Discovery, Inc. $WBD

Cresset Asset Management LLC boosted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 137.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,731 shares of the company’s stock after buying an additional 27,040 shares during the period. Cresset Asset Management LLC’s holdings in Warner Bros. Discovery were worth $913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Claro Advisors LLC grew its holdings in shares of Warner Bros. Discovery by 4.4% during the 3rd quarter. Claro Advisors LLC now owns 11,591 shares of the company’s stock worth $226,000 after acquiring an additional 484 shares during the period. CI Investments Inc. lifted its stake in shares of Warner Bros. Discovery by 13.8% in the 3rd quarter. CI Investments Inc. now owns 15,060 shares of the company’s stock valued at $294,000 after purchasing an additional 1,825 shares during the period. Focus Partners Advisor Solutions LLC bought a new stake in shares of Warner Bros. Discovery during the third quarter valued at approximately $917,000. 111 Capital purchased a new stake in Warner Bros. Discovery in the third quarter worth $480,000. Finally, Elo Mutual Pension Insurance Co purchased a new stake in Warner Bros. Discovery in the third quarter worth $752,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

WBD has been the subject of a number of research reports. Morgan Stanley set a $29.00 price objective on Warner Bros. Discovery in a report on Thursday, December 18th. Rothschild & Co Redburn set a $31.00 target price on shares of Warner Bros. Discovery and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Wells Fargo & Company initiated coverage on shares of Warner Bros. Discovery in a research note on Monday. They issued an “equal weight” rating and a $31.00 price target for the company. Benchmark reissued a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Finally, Arete Research reissued a “neutral” rating and set a $31.25 price objective on shares of Warner Bros. Discovery in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Warner Bros. Discovery has an average rating of “Hold” and an average target price of $26.30.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Gerhard Zeiler sold 600,000 shares of Warner Bros. Discovery stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total value of $16,812,000.00. Following the completion of the transaction, the insider directly owned 672,649 shares of the company’s stock, valued at approximately $18,847,624.98. The trade was a 47.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce Campbell sold 41,784 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $27.82, for a total transaction of $1,162,430.88. Following the completion of the transaction, the insider owned 604,666 shares in the company, valued at approximately $16,821,808.12. This represents a 6.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,571,827 shares of company stock worth $213,302,225 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

Warner Bros. Discovery Trading Up 0.0%

Warner Bros. Discovery stock opened at $27.76 on Wednesday. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $30.00. The company has a market capitalization of $68.79 billion, a price-to-earnings ratio of 95.73 and a beta of 1.60. The business’s fifty day simple moving average is $28.23 and its two-hundred day simple moving average is $23.61. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results 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 company had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. Warner Bros. Discovery’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.20) earnings per share. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: Moffett Nathanson upgraded WBD from Hold to Strong-Buy, a bullish signal that can attract demand from growth-oriented funds and help support the stock. Moffett Nathanson upgrade
• Positive Sentiment: Wells Fargo started/renewed coverage with an Equal Weight and a $31 price target (~11.7% upside vs. current), which may give cautious investors a near-term valuation anchor. Wells Fargo coverage and $31 PT
• Positive Sentiment: Reports that Tencent may be back funding the Paramount Skydance bid for WBD increase the likelihood that the $110B takeover can be financed, which supports takeover-premium expectations for WBD shares. Tencent back on Paramount-Warner deal
• Neutral Sentiment: Market chatter continues around deal structure (including possible passive Tencent investment) — important for deal certainty but still evolving; keeps volatility around M&A headlines elevated. Market chatter on Tencent/passive investment
• Neutral Sentiment: Press coverage noting political figures’ bond purchases tied to the broader bidding war is headline-grabbing but has limited direct impact on WBD’s fundamentals. Reuters on bond purchases
• Negative Sentiment: Bank of America cut the price target on Paramount Skydance and flagged integration risks if Paramount acquires WBD — that raises uncertainty around deal execution and post-merger value for WBD shareholders. BofA flags integration concerns
• Negative Sentiment: Insider selling: Bruce Campbell disclosed a sale of ~41,784 shares (~6.5% reduction of his holding), which can be interpreted as a negative near-term signal by some investors. SEC Form 4: Bruce Campbell sale
• Negative Sentiment: Business Insider reports YouTube now generates more ad revenue than Disney, NBC, Paramount and WBD combined — a structural concern for WBD’s advertising revenue mix and pricing power. YouTube ad revenue dominance
• Negative Sentiment: Options flow shows moderately bearish positioning and increased demand for downside protection (put-call skew steepening), signaling short-term trader caution. Options traders bearish

About Warner Bros. Discovery

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.