FNY Investment Advisers LLC Reduces Holdings in Warner Bros. Discovery, Inc. $WBD

FNY Investment Advisers LLC decreased its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 34.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,250 shares of the company’s stock after selling 36,555 shares during the period. FNY Investment Advisers LLC’s holdings in Warner Bros. Discovery were worth $1,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of WBD. Vanguard Group Inc. boosted its position in Warner Bros. Discovery by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 283,180,433 shares of the company’s stock valued at $8,161,260,000 after acquiring an additional 1,966,278 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 worth $1,912,634,000 after acquiring an additional 1,028,346 shares during the period. Norges Bank bought a new position in shares of Warner Bros. Discovery in the 4th quarter worth approximately $1,123,807,000. Morgan Stanley raised its position in shares of Warner Bros. Discovery by 4.8% in the 4th quarter. Morgan Stanley now owns 27,462,742 shares of the company’s stock worth $791,476,000 after acquiring an additional 1,254,813 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Warner Bros. Discovery by 3.9% in the 3rd quarter. Northern Trust Corp now owns 23,496,725 shares of the company’s stock valued at $458,891,000 after purchasing an additional 876,869 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

WBD stock opened at $26.40 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a 50 day moving average price of $26.49 and a 200-day moving average price of $27.21. Warner Bros. Discovery, Inc. has a 52-week low of $10.76 and a 52-week high of $30.00. The firm has a market capitalization of $66.19 billion, a price-to-earnings ratio of -37.71 and a beta of 1.55.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.20. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The company had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the business posted $0.63 EPS. The firm’s quarterly revenue was down 11.2% compared to the same quarter last year. Equities research analysts forecast that Warner Bros. Discovery, Inc. will post -1.08 EPS for the current fiscal year.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: Adjusted earnings beat expectations. WBD reported second-quarter earnings of $0.06 per share, versus analysts’ expectation of a $0.13 loss. The result may support investor confidence in the company’s cost controls and profitability outlook. Warner Bros. Discovery Q2 Earnings Surpass Estimates
• Positive Sentiment: Streaming remained a growth area. Streaming revenue rose about 10%, led by HBO Max, providing a constructive counterpoint to weakness in WBD’s traditional television and studio businesses. Warner Bros. Discovery reports 10% jump in streaming revenue
• Positive Sentiment: U.K. regulators cleared Paramount Skydance’s proposed acquisition of WBD. The approval removes one regulatory hurdle and advances the transaction, although it does not resolve the remaining U.S. challenges. Paramount-Warner Bros. Discovery merger gets boost after UK approval
• Neutral Sentiment: CEO David Zaslav said employees remain focused and are working hard despite uncertainty surrounding the merger. The comments offer reassurance on execution but do not change the deal’s regulatory or legal outlook. David Zaslav Says WBD Staffers Are Working Extremely Hard
• Negative Sentiment: Revenue materially missed estimates. Second-quarter revenue fell 11.2% year over year to $8.72 billion, below the roughly $9.25 billion consensus. Soft advertising sales, the absence of NBA programming and weaker box-office results hurt performance. Warner Bros. Discovery revenue disappoints
• Negative Sentiment: Core business weakness remains a concern. Linear television and studio operations continue to struggle, while the pending Paramount transaction faces substantial U.S. legal challenges and delays that complicate strategic planning. Warner Bros. Revenue Falls Amid Legal Snags

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Huber Research upgraded Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. Zacks Research downgraded Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Warner Bros. Discovery in a research report on Tuesday. KeyCorp reissued an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. Finally, UBS Group boosted their target price on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.04.

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.