Atlantic Union Bankshares Corp Raises Holdings in Warner Bros. Discovery, Inc. $WBD

Posted by Alanna Baker on Feb 5th, 2026

Atlantic Union Bankshares Corp lifted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 2,124.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,153 shares of the company’s stock after buying an additional 43,123 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Warner Bros. Discovery were worth $882,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WBD. Vanguard Group Inc. grew its stake in shares of Warner Bros. Discovery by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 262,477,555 shares of the company’s stock worth $3,007,993,000 after purchasing an additional 5,657,524 shares during the period. Geode Capital Management LLC grew its position in Warner Bros. Discovery by 0.9% during the second quarter. Geode Capital Management LLC now owns 60,091,463 shares of the company’s stock worth $685,798,000 after buying an additional 551,548 shares during the period. Invesco Ltd. increased its holdings in Warner Bros. Discovery by 2.8% in the second quarter. Invesco Ltd. now owns 44,574,492 shares of the company’s stock valued at $510,824,000 after buying an additional 1,233,195 shares in the last quarter. Norges Bank acquired a new stake in shares of Warner Bros. Discovery during the 2nd quarter valued at approximately $306,848,000. Finally, 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 worth $445,066,000 after acquiring an additional 22,308,046 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $27.03 on Thursday. The stock has a market capitalization of $66.98 billion, a P/E ratio of 142.27 and a beta of 1.64. 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. The firm’s 50-day moving average is $27.93 and its two-hundred day moving average is $20.88.

Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. The firm had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the previous year, the company posted $0.05 EPS. The business’s quarterly revenue was down 6.0% on a year-over-year basis. Equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Sanford C. Bernstein raised their price objective on Warner Bros. Discovery from $16.00 to $23.50 in a research note on Friday, November 7th. Benchmark upped their target price on Warner Bros. Discovery from $30.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Raymond James Financial lifted their price target on Warner Bros. Discovery from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Singular Research upgraded shares of Warner Bros. Discovery to a “moderate buy” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings upgraded shares of Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.08.

View Our Latest Stock Analysis on WBD

Insiders Place Their Bets

In other news, 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 transaction of $7,168,323.00. Following the sale, the chief financial officer owned 918,940 shares in the company, valued at $27,108,730. This trade represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lori C. Locke sold 5,000 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $27.62, for a total value of $138,100.00. Following the completion of the transaction, the chief accounting officer owned 110,084 shares of the company’s stock, valued at $3,040,520.08. The trade was a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 267,116 shares of company stock worth $7,781,731. Corporate insiders own 1.90% 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: President Trump said he will not intervene in the battle between Netflix and Paramount/Skydance over Warner Bros Discovery, reducing the chance of direct White House interference in the outcome. Trump says he will stay out of Netflix-Paramount fight over Warner Bros
Positive Sentiment: Coverage arguing that a Netflix–Warner combination is strategically compelling could support longer‑term valuation if regulators allow the deal, framing the tie-up as a strong industry fit. Netflix-Warner Bros is a marriage made in competition heaven
Neutral Sentiment: High investor search activity and short‑term price moves show WBD is in focus; heightened attention can amplify volatility around deal headlines and filings. Investors Heavily Search Warner Bros. Discovery, Inc. (WBD): Here is What You Need to Know
Neutral Sentiment: Coverage noting a recent intra‑day/short‑term dip highlights that WBD’s price is reacting more than the broader market — a technical note for traders but not direct evidence about deal outcome. Warner Bros. Discovery (WBD) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Negative Sentiment: Netflix co‑CEO Ted Sarandos faced an intense Senate hearing where lawmakers questioned whether a deal would harm competition, raise prices, squeeze talent and draw regulatory pushback — increasing merger approval risk. Netflix co‑CEO faces grilling by US Senate panel over Warner Bros deal
Negative Sentiment: Multiple major outlets report bipartisan senator skepticism and pointed questioning during the hearing — a sign regulators/congress could scrutinize or slow the transaction, weighing on WBD’s near-term share price. Netflix, Warner Defend Proposed Deal in Senate Hearing

About Warner Bros. Discovery

(Free Report)

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.