Gabelli Funds LLC Has $62.42 Million Stock Position in Warner Bros. Discovery, Inc. $WBD

Gabelli Funds LLC lowered its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 18.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,273,256 shares of the company’s stock after selling 507,869 shares during the quarter. Gabelli Funds LLC’s holdings in Warner Bros. Discovery were worth $62,424,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at about $1,123,807,000. Duquesne Family Office LLC acquired a new position in Warner Bros. Discovery in the second quarter worth approximately $74,916,000. Amundi increased its holdings in Warner Bros. Discovery by 59.6% in the third quarter. Amundi now owns 15,523,538 shares of the company’s stock worth $296,189,000 after buying an additional 5,798,592 shares during the last quarter. Marshall Wace LLP bought a new position in Warner Bros. Discovery during the third quarter valued at approximately $100,135,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Warner Bros. Discovery by 509.5% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 5,981,814 shares of the company’s stock valued at $172,396,000 after acquiring an additional 5,000,437 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD opened at $25.77 on Friday. Warner Bros. Discovery, Inc. has a 12 month low of $10.76 and a 12 month high of $30.00. The company has a market cap of $64.61 billion, a P/E ratio of -36.81 and a beta of 1.54. The business’s 50 day moving average is $26.72 and its two-hundred day moving average is $27.39. 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 (NASDAQ:WBD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The business had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.18) earnings per share. On average, equities analysts expect that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WBD. Weiss Ratings cut shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a research note on Thursday, May 7th. KeyCorp restated an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Huber Research raised shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. Finally, Zacks Research upgraded shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Hold” and an average price target of $27.04.

Warner Bros. Discovery News Summary

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

• Positive Sentiment: Warner Bros. Discovery is expected to report second-quarter 2026 results on August 6, giving investors a new near-term catalyst to assess business performance. Warner Bros. Discovery to Report Second Quarter 2026 Results on Thursday, August 6
• Neutral Sentiment: Paramount has reportedly secured EU approval for the merger, reducing one hurdle even as U.S. regulators and courts continue to review the deal. Paramount’s Takeover Of Warner Bros. Discovery Gets EU Greenlight
• Negative Sentiment: A federal judge has extended the pause on the Paramount-Warner Bros. Discovery deal through at least August 17, increasing uncertainty around the transaction. Paramount-Warner-Bros deal paused through August 17, judge rules
• Negative Sentiment: Reports say Paramount may push the closing date out to as late as June 2027 while it fights state lawsuits, and could face large daily fees if the merger does not close on time. Paramount agrees to pause $110B Warner Bros. deal while states’ lawsuit plays out

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.