Renaissance Technologies LLC Purchases New Holdings in Warner Bros. Discovery, Inc. $WBD

Renaissance Technologies LLC purchased a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the first quarter, Holdings Channel reports. The firm purchased 3,847,153 shares of the company’s stock, valued at approximately $105,643,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Swiss RE Ltd. acquired a new position in Warner Bros. Discovery in the 4th quarter valued at $26,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at $29,000. MV Capital Management Inc. acquired a new stake in shares of Warner Bros. Discovery during the 4th quarter worth $30,000. Rakuten Securities Inc. grew its holdings in shares of Warner Bros. Discovery by 81.5% during the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock worth $33,000 after purchasing an additional 521 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new position in shares of Warner Bros. Discovery in the third quarter worth $33,000. Institutional investors own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings downgraded Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. UBS Group increased their price objective on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Seaport Research Partners raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Monday, June 29th. Guggenheim reissued a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. Finally, KeyCorp restated an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Warner Bros. Discovery has an average rating of “Hold” and an average price target of $27.04.

Warner Bros. Discovery Trading Down 0.7%

Shares of WBD opened at $25.77 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. 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 cap of $64.61 billion, a price-to-earnings ratio of -36.81 and a beta of 1.54. The business’s fifty day moving average is $26.72 and its 200-day moving average is $27.39.

Warner Bros. Discovery (NASDAQ:WBD) last announced 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 for the quarter, compared to the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.Warner Bros. Discovery’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.18) earnings per share. Equities analysts anticipate that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current fiscal year.

Key Stories Impacting Warner Bros. Discovery

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

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.