Warner Bros. Discovery, Inc. $WBD Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 42.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,260,420 shares of the company’s stock after selling 921,939 shares during the period. Assenagon Asset Management S.A. owned approximately 0.05% of Warner Bros. Discovery worth $36,325,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of WBD. Norges Bank acquired a new position in Warner Bros. Discovery in the 2nd quarter valued at about $306,848,000. Pacer Advisors Inc. lifted its position in 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 worth $445,066,000 after acquiring an additional 22,308,046 shares during the period. Vanguard Group Inc. grew its stake in shares of Warner Bros. Discovery by 7.1% in the 3rd quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock valued at $5,492,112,000 after purchasing an additional 18,736,600 shares during the last quarter. Jericho Capital Asset Management L.P. grew its stake in shares of Warner Bros. Discovery by 108.9% in 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 purchasing an additional 18,291,865 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new position in shares of Warner Bros. Discovery in the second quarter valued at approximately $77,896,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Significant decline in short interest versus late February — short interest fell to ~47.7M shares (down ~22.5% from Feb. 26), representing about 2.0% of float and a ~1.8 days-to-cover figure. Reduced short exposure can limit downside pressure from short squeezes and is a constructive technical sign.
• Positive Sentiment: Increased investor attention — WBD is a “trending” ticker on Zacks/finance coverage, which can boost retail engagement and liquidity. WBD Trending Stock (Zacks)
• Neutral Sentiment: Mixed/erroneous short-interest feeds — several data entries reported zero shares or NaN changes for March short interest, indicating unreliable or delayed reporting from some data vendors; treat those data points cautiously.
• Neutral Sentiment: Broader media context — coverage that groups WBD with other media names and sentiment-shift pieces (e.g., on Netflix/Oracle) may influence investor comparisons but does not directly change WBD fundamentals. Sentiment Shifts Article
• Negative Sentiment: Los Angeles County ordered an economic impact analysis of the proposed Paramount–WBD merger, with interim findings in 60 days and final recommendations in 120 days — this signals added local/regulatory scrutiny that could delay the deal or produce unfavorable recommendations for workforce and competitive impacts. LA County Merger Analysis (Deadline)
• Negative Sentiment: Opinion pieces urging antitrust rejection of any Paramount–WBD/Skydance tie-up increase political and regulatory risk, potentially weighing on deal odds and investor sentiment. Anti-Trust Op-Ed (MSN)
• Negative Sentiment: Insider/insider-adjacent selling reported — a congressman reportedly cashed out WBD shares that had risen substantially, which can be interpreted negatively by some investors even if driven by portfolio or personal reasons. Insider Sale Report (MSN)

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $27.22 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.06. Warner Bros. Discovery, Inc. has a one year low of $7.52 and a one year high of $30.00. The firm has a market capitalization of $67.50 billion, a P/E ratio of 93.87 and a beta of 1.60. The company’s fifty day moving average is $27.97 and its two-hundred day moving average is $24.73.

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

Analyst Ratings Changes

WBD has been the subject of several analyst reports. Raymond James Financial restated an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Guggenheim lowered shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $25.00 to $30.00 in a research report on Wednesday, January 14th. Weiss Ratings upgraded shares of Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. UBS Group lifted their target price on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating and boosted their price target for the stock from $29.50 to $31.00 in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.30.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Gerhard Zeiler sold 600,000 shares of the 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. This trade represents a 47.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul A. Gould sold 600,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $27.35, for a total transaction of $16,410,000.00. Following the sale, the director owned 244,357 shares of the company’s stock, valued at approximately $6,683,163.95. The trade was a 71.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,206,827 shares of company stock valued at $230,674,025 in the last ninety days. Company insiders own 1.90% of the company’s stock.

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.