Warner Bros. Discovery, Inc. $WBD is Hauser Brothers GmbH’s Largest Position

Hauser Brothers GmbH grew its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,052,000 shares of the company’s stock after buying an additional 175,000 shares during the quarter. Warner Bros. Discovery makes up 62.5% of Hauser Brothers GmbH’s portfolio, making the stock its biggest holding. Hauser Brothers GmbH’s holdings in Warner Bros. Discovery were worth $87,959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in WBD. Norges Bank purchased a new position in Warner Bros. Discovery during the fourth quarter valued at approximately $1,123,807,000. Vanguard Group Inc. lifted its holdings in Warner Bros. Discovery by 7.1% during the third quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock valued at $5,492,112,000 after purchasing an additional 18,736,600 shares in the last quarter. Jericho Capital Asset Management L.P. lifted its holdings in Warner Bros. Discovery by 108.9% during the third quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock valued at $685,413,000 after purchasing an additional 18,291,865 shares in the last quarter. Duquesne Family Office LLC purchased a new position in Warner Bros. Discovery during the second quarter valued at approximately $74,916,000. Finally, Amundi lifted its holdings in Warner Bros. Discovery by 59.6% during the third quarter. Amundi now owns 15,523,538 shares of the company’s stock valued at $296,189,000 after purchasing an additional 5,798,592 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $26.98 on Friday. The company has a market cap of $67.64 billion, a price-to-earnings ratio of -38.54 and a beta of 1.54. The firm’s fifty day moving average is $27.12 and its 200 day moving average is $27.53. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.92. Warner Bros. Discovery, Inc. has a 52-week low of $9.98 and a 52-week high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). The business had revenue of $8.89 billion for the quarter, compared to analysts’ expectations of $8.89 billion. Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. Warner Bros. Discovery’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.18) EPS. Sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Fazal F. Merchant sold 35,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $27.48, for a total transaction of $961,800.00. Following the sale, the director owned 95,539 shares of the company’s stock, valued at $2,625,411.72. This represents a 26.81% 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, Director Paul A. Gould sold 600,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $27.35, for a total transaction of $16,410,000.00. Following the sale, the director directly owned 244,357 shares in the company, valued at approximately $6,683,163.95. The trade was a 71.06% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WBD shares. Huber Research raised shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Benchmark reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. Rothschild & Co Redburn set a $31.00 price target on shares of Warner Bros. Discovery and gave the company a “neutral” rating in a report on Tuesday, February 17th. Argus lowered their price target on shares of Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating and lifted their price target for the company from $29.50 to $31.00 in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.04.

Key Stories Impacting Warner Bros. Discovery

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

• Positive Sentiment: The DOJ reportedly cleared Paramount Skydance’s acquisition of Warner Bros. Discovery, removing a key antitrust obstacle and improving the chances the deal closes. Justice Department says Paramount’s Warner deal wouldn’t harm competition
• Positive Sentiment: Reports that the merger was approved helped fuel speculation that Warner Bros. Discovery shareholders could benefit from a takeover premium if the deal advances. Paramount-WBD merger wins approval from DOJ, source says
• Neutral Sentiment: Shareholders rejected David Zaslav’s proposed $165 million pay package for 2025 in a non-binding vote, which adds governance noise but is not likely to change the near-term merger story. Warner Bros. Shareholders Reject David Zaslav’s $165 Million Pay Package for 2025

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.