CIBRA Capital Ltd bought a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 37,842 shares of the company’s stock, valued at approximately $1,091,000. Warner Bros. Discovery makes up 1.9% of CIBRA Capital Ltd’s holdings, making the stock its 15th biggest position.
Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Warner Bros. Discovery in the 2nd quarter worth $306,848,000. Pacer Advisors Inc. increased its holdings in shares of Warner Bros. Discovery by 4,639.8% in the third quarter. Pacer Advisors Inc. now owns 22,788,847 shares of the company’s stock worth $445,066,000 after purchasing an additional 22,308,046 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Warner Bros. Discovery by 7.1% in the third quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock worth $5,492,112,000 after buying an additional 18,736,600 shares in the last quarter. Jericho Capital Asset Management L.P. lifted its position in shares of Warner Bros. Discovery by 108.9% in the third quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock worth $685,413,000 after buying an additional 18,291,865 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new position in Warner Bros. Discovery during the second quarter valued at approximately $77,896,000. 59.95% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Warner Bros. Discovery
In related news, insider Gerhard Zeiler sold 600,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $28.02, for a total value of $16,812,000.00. Following the transaction, the insider owned 672,649 shares of the company’s stock, valued at $18,847,624.98. This represents a 47.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul A. Gould sold 600,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $27.35, for a total value of $16,410,000.00. Following the transaction, the director owned 244,357 shares in the company, valued at $6,683,163.95. The trade was a 71.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 8,206,827 shares of company stock valued at $230,674,025. 1.90% of the stock is owned by corporate insiders.
Warner Bros. Discovery Price Performance
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.19). Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The company had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.33 billion. During the same period in the prior year, the business earned ($0.20) EPS. The company’s quarterly revenue was down 5.7% on a year-over-year basis. Equities research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.
More Warner Bros. Discovery News
Here are the key news stories impacting Warner Bros. Discovery this week:
- Positive Sentiment: WBD formally set a Special Meeting for shareholders on April 23, 2026 at 10:00 a.m. ET to vote on the Paramount Skydance merger; the company has begun mailing the definitive proxy and the board unanimously recommends shareholders vote FOR the transaction. This official timetable and proxy distribution increases the odds of the deal closing if approvals follow. Warner Bros. Discovery Sets Shareholder Meeting Date of April 23, 2026 to Approve Transaction with Paramount Skydance
- Positive Sentiment: Major outlets report the deal size at roughly $110 billion and confirm the April 23 shareholder vote — higher clarity on price and timing reduces deal uncertainty that can weigh on the stock. Warner Bros shareholders to vote on $110 billion Paramount deal on April 23, WSJ reports
- Positive Sentiment: Netflix reportedly walked away from talks to acquire WBD, removing a potential competing bidder and making the Paramount transaction more likely to close without a higher offer — this supports the deal’s probability and reduces takeover speculation. Netflix Ends Warner Deal Talks To Focus On Core Growth Choices
- Neutral Sentiment: Local government steps are proceeding: the Los Angeles County Board of Supervisors greenlighted an economic analysis of the proposed merger, a routine but necessary part of assessing local impacts — not a direct blocker but part of the regulatory timeline. Los Angeles County Board of Supervisors Greenlights Economic Analysis of Paramount-WBD Merger
- Neutral Sentiment: Wide media coverage (MSN, Deadline, Hollywood Reporter) confirms the April 23 date and keeps investor focus on the vote; continued coverage can maintain trading volume and short‑term volatility until the meeting. Warner Bros. Discovery Sets Shareholder Vote On Sale To Paramount
- Negative Sentiment: Despite progress, the transaction remains large and subject to shareholder approval and potential regulatory and antitrust scrutiny — these are meaningful execution risks that could delay, change terms, or block the deal, which would weigh on the stock if they materialize. Warner Bros. Discovery Sets April 23 Vote on Paramount Mega Deal
Analyst Ratings Changes
WBD has been the topic of a number of research reports. Raymond James Financial reaffirmed an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. UBS Group boosted their target price on Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Rothschild & Co Redburn set a $31.00 price target on Warner Bros. Discovery and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Benchmark reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Finally, Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.30.
Read Our Latest Analysis on WBD
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.
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