Assetmark Inc. Purchases 63,645 Shares of Warner Bros. Discovery, Inc. $WBD

Assetmark Inc. raised its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 16.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 445,023 shares of the company’s stock after purchasing an additional 63,645 shares during the quarter. Assetmark Inc.’s holdings in Warner Bros. Discovery were worth $8,691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WBD. Concord Wealth Partners raised its position in Warner Bros. Discovery by 49.9% during the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in shares of Warner Bros. Discovery by 152.1% during the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after acquiring an additional 847 shares during the last quarter. Grove Bank & Trust lifted its stake in shares of Warner Bros. Discovery by 66.5% in the third quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock worth $33,000 after acquiring an additional 675 shares during the period. Crews Bank & Trust lifted its stake in shares of Warner Bros. Discovery by 1,242.2% in the third quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock worth $34,000 after acquiring an additional 1,590 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in Warner Bros. Discovery by 183.9% in the third quarter. Meeder Asset Management Inc. now owns 1,891 shares of the company’s stock valued at $37,000 after acquiring an additional 1,225 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Lori C. Locke sold 4,122 shares of the business’s stock in a transaction that occurred 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 $2,919,821.04. The trade was a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total value of $7,168,323.00. Following the sale, the chief financial officer directly owned 918,940 shares of the company’s stock, valued at $27,108,730. The trade was a 20.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 267,116 shares of company stock valued at $7,781,731. Company insiders own 1.80% of the company’s stock.

Warner Bros. Discovery News Summary

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

• Positive Sentiment: Paramount reportedly raised its offer to $30 per share, which could outbid Netflix’s $27.75 proposal and push WBD’s takeover value higher for shareholders. Paramount’s Sweetened $30 Offer Puts Netflix’s $27.75 Warner Bros. Deal At Risk
• Positive Sentiment: Multiple outlets report WBD’s board is weighing whether to reopen sale talks with Paramount after an amended bid — a reopening could trigger a bidding contest that benefits shareholders. Warner Bros. may reopen sale talks with Paramount following new deal terms
• Positive Sentiment: Analysts still rate WBD as a consensus “Moderate Buy,” which could temper downside if takeover options improve. Warner Bros. Discovery Given Consensus Rating of “Moderate Buy”
• Neutral Sentiment: Press outlets continue to report that WBD is “mulling” and may engage in renewed negotiations with Paramount; this keeps volatility likely but is not yet a definitive corporate action. Warner Bros Discovery weighs new sale talks after fresh Paramount offer
• Neutral Sentiment: Coverage confirming WBD’s minority stake in AEW surfaced — a small corporate detail unlikely to move the stock materially but relevant to content/asset mix. Confirmed: Warner Bros. Discovery Owns Part Of AEW
• Negative Sentiment: Reports note Netflix’s takeover path faces antitrust and regulatory scrutiny, which raises the risk that any deal could be delayed, altered, or blocked — increasing transaction uncertainty. Netflix’s Warner Bros. Deal Is Under Fire
• Negative Sentiment: Some reports say Paramount’s bid momentum has stalled or faces delays, which can keep downward pressure on the stock while the market waits for clarity. Warner Bros Discovery Stalls at $27.99 as $108 Billion Paramount Bid Faces Delay

Warner Bros. Discovery Price Performance

WBD opened at $27.99 on Tuesday. Warner Bros. Discovery, Inc. has a 1 year low of $7.52 and a 1 year high of $30.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $69.36 billion, a price-to-earnings ratio of 147.32 and a beta of 1.64. The firm’s fifty day moving average price is $28.38 and its two-hundred day moving average price is $21.75.

Analysts Set New Price Targets

Several research firms have issued reports on WBD. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $29.50 price target on shares of Warner Bros. Discovery in a report on Monday, December 8th. Sanford C. Bernstein lifted their target price on shares of Warner Bros. Discovery from $16.00 to $23.50 in a research note on Friday, November 7th. Weiss Ratings lowered shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, February 5th. Rothschild & Co Redburn set a $28.00 price target on Warner Bros. Discovery in a report on Thursday, October 30th. Finally, Wells Fargo & Company lifted their price objective on Warner Bros. Discovery from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.94.

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.