CIBC Private Wealth Group LLC reduced its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 50.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,141 shares of the company’s stock after selling 112,466 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Warner Bros. Discovery were worth $2,171,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Warner Bros. Discovery in the 2nd quarter worth approximately $306,848,000. Pacer Advisors Inc. boosted its stake in shares of Warner Bros. Discovery by 4,639.8% during the 3rd quarter. Pacer Advisors Inc. now owns 22,788,847 shares of the company’s stock valued at $445,066,000 after buying an additional 22,308,046 shares during the period. Vanguard Group Inc. grew its holdings in shares of Warner Bros. Discovery by 7.1% during the 3rd 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 in the last quarter. Jericho Capital Asset Management L.P. grew its holdings in shares of Warner Bros. Discovery by 108.9% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock valued at $685,413,000 after acquiring an additional 18,291,865 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new position in shares of Warner Bros. Discovery in the second quarter worth $77,896,000. Institutional investors and hedge funds own 59.95% of the company’s stock.
Trending Headlines about Warner Bros. Discovery
Here are the key news stories impacting Warner Bros. Discovery this week:
- Positive Sentiment: Reports of a “mystery Singapore suitor” for Warner Bros. Discovery suggest there may be alternative bidders or strategic interest that could lift takeover leverage or price if the process widens. Warner Bros Discovery’s mystery Singapore suitor
- Neutral Sentiment: The DOJ’s antitrust chief says the Paramount-WBD review won’t be fast-tracked for political reasons — that increases the likelihood of a normal-length regulatory review and potential delays, keeping merger timing uncertain. DOJ Will ‘Absolutely Not’ Fast-Track Review of Paramount-Warner Bros. Deal for Political Reasons, Antitrust Chief Says
- Neutral Sentiment: Coverage questioning whether the largest leveraged buyout (Paramount/Skydance) is in doubt adds uncertainty about the broader M&A landscape and timing — markets are pricing in more risk that deal plans could be delayed or altered. Spencer Jakab | Is the Largest Leveraged Buyout Ever in Doubt?
- Neutral Sentiment: Paramount’s David Ellison says he wants to keep Paramount and WBD operating separately to preserve jobs — signaling a potential strategy that could reduce near-term cost synergies but limit layoffs and structural disruption. David Ellison Hopes to ‘Build a Stronger Hollywood’ and Save Jobs by Keeping Paramount and WBD Operating Separately
- Negative Sentiment: Multiple outlets report CEO David Zaslav could receive more than $800M in payouts (including up to $335M tied to golden‑parachute excise tax protections) if the Paramount-Skydance deal closes — a headline risk for governance critics and shareholder optics that can pressure the stock. David Zaslav’s WBD-Paramount deal payout highlights new ‘golden parachutes’ for CEOs
- Negative Sentiment: A WBD director sold roughly $16.4M of stock — an insider sale that investors often view negatively while a takeover process is ongoing, though the context (planned sale vs. opportunistic cash-out) matters. Warner Bros. Discovery (NASDAQ:WBD) Director Sells $16,410,000.00 in Stock
Warner Bros. Discovery Stock Down 0.8%
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.19). Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The business had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.33 billion. During the same period in the previous year, the company earned ($0.20) earnings per share. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.
Insider Buying and Selling at Warner Bros. Discovery
In other news, insider Bruce Campbell sold 1,580,331 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.00, for a total transaction of $44,249,268.00. Following the transaction, the insider owned 690,028 shares of the company’s stock, valued at approximately $19,320,784. This represents a 69.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul A. Gould sold 600,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $27.35, for a total value of $16,410,000.00. Following the transaction, the director directly owned 244,357 shares in the company, valued at approximately $6,683,163.95. This represents a 71.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,206,827 shares of company stock worth $230,674,025 in the last 90 days. Company insiders own 1.90% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on WBD. Arete Research reiterated a “neutral” rating and set a $31.25 price objective on shares of Warner Bros. Discovery in a report on Friday, February 27th. UBS Group boosted their target price on Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Barrington Research lowered Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a research report on Friday, December 5th. Weiss Ratings raised Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Finally, Morgan Stanley set a $29.00 price target on Warner Bros. Discovery in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.30.
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.
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