State of New Jersey Common Pension Fund D Increases Holdings in Warner Bros. Discovery, Inc. $WBD

State of New Jersey Common Pension Fund D increased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 841,853 shares of the company’s stock after acquiring an additional 33,064 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Warner Bros. Discovery were worth $16,441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Concord Wealth Partners grew its holdings in Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Warner Bros. Discovery by 152.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after buying an additional 847 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Warner Bros. Discovery in the 2nd quarter worth about $29,000. Grove Bank & Trust grew its stake 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 acquiring an additional 675 shares during the last quarter. 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 valued at $34,000 after acquiring an additional 1,590 shares during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on WBD shares. Benchmark lifted their target price on shares of Warner Bros. Discovery from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Guggenheim cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $25.00 to $30.00 in a research note on Wednesday, January 14th. Weiss Ratings lowered Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 5th. Morgan Stanley set a $29.00 target price on Warner Bros. Discovery in a report on Thursday, December 18th. Finally, Raymond James Financial raised their price target on Warner Bros. Discovery from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.94.

Key Warner Bros. Discovery News

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

• Positive Sentiment: Paramount reportedly raised its offer to $30 per share, which could outbid Netflix’s $27.75 proposal and push WBD’s takeover value higher for shareholders. Paramount’s Sweetened $30 Offer Puts Netflix’s $27.75 Warner Bros. Deal At Risk
• Positive Sentiment: Multiple outlets report WBD’s board is weighing whether to reopen sale talks with Paramount after an amended bid — a reopening could trigger a bidding contest that benefits shareholders. Warner Bros. may reopen sale talks with Paramount following new deal terms
• Positive Sentiment: Analysts still rate WBD as a consensus “Moderate Buy,” which could temper downside if takeover options improve. Warner Bros. Discovery Given Consensus Rating of “Moderate Buy”
• Neutral Sentiment: Press outlets continue to report that WBD is “mulling” and may engage in renewed negotiations with Paramount; this keeps volatility likely but is not yet a definitive corporate action. Warner Bros Discovery weighs new sale talks after fresh Paramount offer
• Neutral Sentiment: Coverage confirming WBD’s minority stake in AEW surfaced — a small corporate detail unlikely to move the stock materially but relevant to content/asset mix. Confirmed: Warner Bros. Discovery Owns Part Of AEW
• Negative Sentiment: Reports note Netflix’s takeover path faces antitrust and regulatory scrutiny, which raises the risk that any deal could be delayed, altered, or blocked — increasing transaction uncertainty. Netflix’s Warner Bros. Deal Is Under Fire
• Negative Sentiment: Some reports say Paramount’s bid momentum has stalled or faces delays, which can keep downward pressure on the stock while the market waits for clarity. Warner Bros Discovery Stalls at $27.99 as $108 Billion Paramount Bid Faces Delay

Insiders Place Their Bets

In related news, CAO Lori C. Locke sold 4,122 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $28.92, for a total transaction of $119,208.24. Following the transaction, the chief accounting officer directly owned 100,962 shares in the company, valued at approximately $2,919,821.04. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gunnar Wiedenfels sold 242,994 shares of Warner Bros. Discovery stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total value 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 $27,108,730. This trade represents a 20.91% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 267,116 shares of company stock valued at $7,781,731. Company insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Stock Down 0.4%

WBD stock opened at $27.99 on Tuesday. The stock has a market capitalization of $69.36 billion, a P/E ratio of 147.32 and a beta of 1.64. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07. Warner Bros. Discovery, Inc. has a one year low of $7.52 and a one year high of $30.00. The company has a 50 day moving average price of $28.38 and a two-hundred day moving average price of $21.75.

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.