Three Seasons Wealth LLC Sells 101,129 Shares of Warner Bros. Discovery, Inc. $WBD

Three Seasons Wealth LLC lessened its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 80.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 24,205 shares of the company’s stock after selling 101,129 shares during the quarter. Three Seasons Wealth LLC’s holdings in Warner Bros. Discovery were worth $645,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in Warner Bros. Discovery by 21.9% during the 1st quarter. Bank of America Corp DE now owns 16,616,949 shares of the company’s stock worth $456,301,000 after purchasing an additional 2,980,900 shares during the period. Handelsbanken Fonder AB grew its position in Warner Bros. Discovery by 130.8% during the 4th quarter. Handelsbanken Fonder AB now owns 1,008,638 shares of the company’s stock worth $29,069,000 after purchasing an additional 571,612 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Warner Bros. Discovery by 304.9% during the fourth quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock valued at $729,000 after buying an additional 51,920 shares during the last quarter. Geode Capital Management LLC grew its stake in Warner Bros. Discovery by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 66,597,575 shares of the company’s stock valued at $1,912,634,000 after purchasing an additional 1,028,346 shares during the last quarter. Finally, Nan Fung Trinity HK Ltd. acquired a new position in Warner Bros. Discovery in the 4th quarter worth approximately $14,331,000. 59.95% of the stock is owned by institutional investors.

Insider Buying and Selling at Warner Bros. Discovery

In other news, CEO David Zaslav sold 773,173 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $28.01, for a total value of $21,656,575.73. Following the completion of the sale, the chief executive officer directly owned 6,807,934 shares of the company’s stock, valued at approximately $190,690,231.34. This represents a 10.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kenneth W. Lowe sold 200,000 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $28.35, for a total transaction of $5,670,000.00. Following the sale, the director owned 790,108 shares of the company’s stock, valued at $22,399,561.80. This trade represents a 20.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,950,749 shares of company stock valued at $53,999,633. Insiders own 0.70% 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: Warner Bros. Discovery reached a deal with Turkey’s Doğuş Media Group to bring Turkish scripted programming to HBO Max. The agreement could improve the service’s international content offering and subscriber appeal. WBD partners with Doğuş to bring Turkish drama to HBO Max
• Positive Sentiment: WBD launched a shoppable streaming experience in Poland, creating a potential new advertising and commerce revenue channel. The financial impact is likely limited initially but supports its broader streaming monetization strategy. WBD launches shoppable streaming experience in Poland
• Neutral Sentiment: WBD will discontinue the standalone discovery+ app in India, apparently consolidating content within a broader HBO Max strategy. The move could reduce operating complexity, although it may risk disrupting some existing customers. WBD to discontinue standalone discovery+ app in India
• Neutral Sentiment: Analysts maintain a consensus “Hold” rating on WBD, indicating limited conviction that the stock’s recent gains will continue without clearer improvement in profitability and its streaming outlook. WBD given consensus Hold rating
• Negative Sentiment: A director sold 200,000 WBD shares for approximately $5.67 million, reducing his direct holdings by 20.2%. While the sale may be personal or portfolio-related, the sizable insider transaction can weigh on sentiment. SEC insider-trading filing
• Negative Sentiment: A reported state antitrust lawsuit threatens Paramount’s proposed Warner Bros. Discovery deal, raising uncertainty over regulatory approval, timing and the potential value of the transaction. State antitrust lawsuit threatens Paramount’s Warner Bros. deal
• Negative Sentiment: Higher-rate expectations are pressuring higher-valuation media and streaming stocks. Although WBD has held relatively steady versus peers, the sector-wide repricing is limiting near-term upside. Rate repricing pressures streaming stocks

Warner Bros. Discovery Stock Down 0.4%

Warner Bros. Discovery stock opened at $28.25 on Friday. Warner Bros. Discovery, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $30.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $70.93 billion, a P/E ratio of -22.24 and a beta of 1.57. The stock has a 50-day simple moving average of $27.09 and a 200-day simple moving average of $27.26.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.20. The company had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $9.25 billion. Warner Bros. Discovery had a negative return on equity of 8.91% and a negative net margin of 8.77%.The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 earnings per share. Equities research analysts expect that Warner Bros. Discovery, Inc. will post -1.11 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on WBD shares. Seaport Research Partners cut Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a research report on Monday, July 27th. Freedom Capital raised Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Huber Research raised shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. Zacks Research upgraded Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Weiss Ratings raised Warner Bros. Discovery from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of “Hold” and an average price target of $27.69.

Warner Bros. Discovery 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.