Warner Bros. Discovery, Inc. $WBD Shares Sold by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. trimmed its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 72.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 511,406 shares of the company’s stock after selling 1,320,000 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Warner Bros. Discovery were worth $9,988,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on WBD. Wells Fargo & Company lifted their target price 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. Rothschild & Co Redburn set a $31.00 price target on Warner Bros. Discovery and gave the company a “neutral” rating in a research note on Tuesday. Sanford C. Bernstein boosted their target price on Warner Bros. Discovery from $16.00 to $23.50 in a research report on Friday, November 7th. Argus lifted their price objective on Warner Bros. Discovery from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, UBS Group upped 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. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.09.

More Warner Bros. Discovery News

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

• Positive Sentiment: Reports say Netflix has ample cash capacity to raise its bid if Paramount Skydance pushes a higher offer, keeping upside optionality for WBD shareholders and preserving Netflix’s right to match. Exclusive: Netflix has ample room to increase its offer
• Positive Sentiment: WBD has formally asked Paramount Skydance for a “best and final” offer while continuing to recommend the Netflix deal — a move that could prompt a higher competing bid and lift the takeover price for shareholders. Warner Bros Seeks Paramount’s “Best and Final Offer”
• Positive Sentiment: Barron’s coverage and investor commentary indicate market hopes for a Netflix–Paramount bidding contest, which would be the clearest path to a higher transaction value for WBD shares. Warner Bros. Investors Want a Netflix, Paramount Bidding War
• Neutral Sentiment: WBD set its Q4 and full-year 2025 earnings release for Feb. 26 (pre-market); investors will watch results and guidance for confirmation of subscriber, advertising and content trends that could influence valuation ahead of the shareholder vote. Warner Bros. Discovery to Report Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: WBD scheduled a special shareholder meeting for March 20 to vote on the Netflix transaction — a near-term catalyst that fixes a timetable for deal approval or further bidding activity. Warner Bros. Discovery gives Paramount one week
• Neutral Sentiment: WBD sent cease-and-desist letters over AI-generated TikTok content using Batman/Superman IP — an IP-protection action that is reputationally defensive but not material to takeover economics in the near term. Warner Bros Discovery Gets Personal With TikTok Owners
• Negative Sentiment: The U.S. Department of Justice is probing how a sale could affect movie theaters and film output and has held private meetings with major exhibitors — an escalation that raises antitrust risk and could complicate or delay a deal approval. US DOJ probes Warner Bros’ planned sale impact on theaters
• Negative Sentiment: High-profile criticism—director James Cameron sent a scathing letter to a U.S. senator opposing the Netflix-WBD transaction—adding public pressure and signaling cultural/regulatory pushback that could influence lawmakers and regulators. Famed director James Cameron sends scathing letter
• Negative Sentiment: Analyst moves and targets are mixed-to-negative: Rothschild & Co Redburn downgraded WBD from Buy to Hold, and consensus price targets reported remain below some takeover scenarios — both reduce near-term analyst-driven upside. Warner-Bros downgraded to Neutral
• Negative Sentiment: Earnings preview coverage (Zacks) warns WBD may lack the key ingredients to deliver an earnings beat, which could weigh sentiment if Q4 results disappoint ahead of the shareholder vote. Warner Bros. Discovery (WBD) Earnings Expected to Grow

Insider Buying and Selling at Warner Bros. Discovery

In other news, CAO Lori C. Locke sold 4,122 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $28.92, for a total transaction of $119,208.24. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the firm’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 sale, the chief financial officer directly owned 918,940 shares of the company’s stock, valued at approximately $27,108,730. This represents a 20.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 267,116 shares of company stock valued at $7,781,731. Insiders own 1.90% of the company’s stock.

Warner Bros. Discovery Stock Performance

Shares of WBD opened at $28.53 on Friday. The stock has a market capitalization of $70.70 billion, a PE ratio of 150.17 and a beta of 1.64. The business’s fifty day moving average price is $28.36 and its 200 day moving average price is $21.95. Warner Bros. Discovery, Inc. has a 12-month low of $7.52 and a 12-month 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.

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.