Alexander Randolph Advisory Inc. Cuts Stake in Warner Bros. Discovery, Inc. $WBD

Alexander Randolph Advisory Inc. reduced its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 47.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 201,291 shares of the company’s stock after selling 183,075 shares during the period. Warner Bros. Discovery comprises 3.2% of Alexander Randolph Advisory Inc.’s portfolio, making the stock its 7th biggest position. Alexander Randolph Advisory Inc.’s holdings in Warner Bros. Discovery were worth $3,931,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Concord Wealth Partners lifted its position in shares of 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 purchasing an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. lifted its holdings in Warner Bros. Discovery by 152.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock valued at $27,000 after buying an additional 847 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in Warner Bros. Discovery in the 2nd quarter valued at about $29,000. Grove Bank & Trust boosted its position in Warner Bros. Discovery by 66.5% in the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after buying an additional 675 shares during the period. Finally, Crews Bank & Trust grew its stake in Warner Bros. Discovery by 1,242.2% in the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock worth $34,000 after acquiring an additional 1,590 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

Insider Activity

In related news, CAO Lori C. Locke sold 4,122 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer owned 100,962 shares of the company’s stock, valued at $2,919,821.04. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the completion of the sale, the chief financial officer owned 918,940 shares of the company’s stock, valued at approximately $27,108,730. This trade represents a 20.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 267,116 shares of company stock valued at $7,781,731. Insiders own 1.90% of the company’s stock.

Key Warner Bros. Discovery News

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

• Positive Sentiment: Competing bidders appear willing to overpay for WBD, which lifts the chance of a takeover premium for shareholders and is supporting the stock. Want to Win the Warner Bros. Discovery Takeover Battle? ‘Walk Away Now.’
• Positive Sentiment: Paramount says the U.S. antitrust waiting period on its all-cash bid has expired — a procedural milestone that moves the deal process forward and increases the plausibility of a transaction. Paramount says US antitrust waiting period on Warner Bros bid has expired
• Positive Sentiment: Reports that Netflix can boost its offer if needed suggest more upside is possible for shareholders if the bidding escalates. Netflix has ample room to increase its offer
• Neutral Sentiment: Netflix is publicly arguing it has a cleaner regulatory path and has deployed senior legal/antitrust personnel to make that case — can reduce concern but not decisive. Netflix doesn’t need the Warner Bros. deal, but its rivals might
• Neutral Sentiment: WBD rejected Paramount’s latest bid but gave Paramout/Skydance a week to submit a “best and final” offer — keeps the auction open and creates short-term uncertainty about the final price. Warner Bros Rejects Paramount’s Latest Bid But Gives David Ellison’s Firm A Week To Submit ‘Best And Final’ Offer
• Neutral Sentiment: WBD will report Q4 and full-year 2025 results on Feb. 26 — an upcoming catalyst that could swing sentiment separate from takeover headlines. Warner Bros. Discovery to Report Fourth Quarter and Full Year 2025 Results
• Negative Sentiment: The U.S. DOJ is probing how a sale could affect movie theaters and has engaged major chains — this regulatory scrutiny could complicate or delay a deal. US DOJ probes Warner Bros’ planned sale impact on theaters
• Negative Sentiment: High-profile opposition (e.g., James Cameron letter) and ongoing antitrust scrutiny create political and reputational headwinds that could slow approvals or increase conditions. James Cameron sends scathing letter over Netflix-WBD deal
• Negative Sentiment: An outside firm cut WBD to Hold, which could temper investor enthusiasm if more downgrades follow. Warner Bros. Discovery Cut to Hold at Rothschild & Co Redburn

Warner Bros. Discovery Trading Up 0.8%

Shares of NASDAQ WBD opened at $28.75 on Friday. Warner Bros. Discovery, Inc. has a 1-year low of $7.52 and a 1-year high of $30.00. The business has a fifty day moving average price of $28.33 and a 200 day moving average price of $22.07. The stock has a market capitalization of $71.24 billion, a P/E ratio of 151.32 and a beta of 1.64. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 1.07.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WBD. Sanford C. Bernstein boosted their price target on Warner Bros. Discovery from $16.00 to $23.50 in a report on Friday, November 7th. Morgan Stanley set a $29.00 price objective on Warner Bros. Discovery in a report on Thursday, December 18th. Arete Research upped their target price on Warner Bros. Discovery from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. TD Cowen increased their price target on Warner Bros. Discovery from $14.00 to $22.00 in a research report on Friday, November 7th. Finally, The Goldman Sachs Group raised their price target on Warner Bros. Discovery from $13.00 to $14.75 and gave the company a “buy” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Warner Bros. Discovery has a consensus rating of “Hold” and an average price target of $25.09.

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.