Czech National Bank Acquires 24,445 Shares of Warner Bros. Discovery, Inc. $WBD

Czech National Bank raised its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 653,404 shares of the company’s stock after buying an additional 24,445 shares during the quarter. Czech National Bank’s holdings in Warner Bros. Discovery were worth $18,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of WBD. Brighton Jones LLC increased its holdings in Warner Bros. Discovery by 304.9% in the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock valued at $729,000 after acquiring an additional 51,920 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Warner Bros. Discovery by 50.5% in the 1st quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock worth $679,000 after purchasing an additional 21,228 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Warner Bros. Discovery by 6.2% during the 1st quarter. Empowered Funds LLC now owns 65,082 shares of the company’s stock valued at $698,000 after purchasing an additional 3,779 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Warner Bros. Discovery by 91.6% during the 1st quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock valued at $1,254,000 after purchasing an additional 55,837 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Warner Bros. Discovery by 5.9% during the second quarter. Prudential Financial Inc. now owns 1,359,552 shares of the company’s stock valued at $15,579,000 after purchasing an additional 76,032 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: WBD announced a Special Meeting for shareholders on April 23, 2026 to vote on the Paramount Skydance merger and has begun mailing the definitive proxy; the board unanimously recommends shareholders vote FOR — this reduces timing uncertainty and makes a clear path to closing more likely. Warner Bros. Discovery Sets Shareholder Meeting Date of April 23, 2026 to Approve Transaction with Paramount Skydance
• Positive Sentiment: Company PR emphasizes an all-cash transaction with a clear path to close and a unanimous board recommendation — favorable for shareholders who prioritize deal certainty and cash consideration. Warner Bros. Discovery Sets Shareholder Meeting Date of April 23, 2026 to Approve Transaction with Paramount Skydance
• Neutral Sentiment: Multiple outlets (WSJ/Reuters/Hollywood Reporter/MSN) reported the $110B deal and the scheduled shareholder vote — these confirm market expectations and provide media coverage but add no new concessions or terms. Warner Bros shareholders to vote on $110 billion Paramount deal on April 23, WSJ reports
• Negative Sentiment: Los Angeles County supervisors voted to conduct an economic analysis of the proposed merger (interim report due in 60 days, final in 120 days), signaling local-government scrutiny that could complicate public perception and invite more regulatory attention. Los Angeles County Board of Supervisors Greenlights Economic Analysis of Paramount-WBD Merger
• Negative Sentiment: Netflix reportedly walked away from earlier talks to acquire WBD, removing an alternative strategic bidder; that lessens the chance of a competing bid that might have pushed the takeover price higher. Netflix Ends Warner Deal Talks To Focus On Core Growth Choices

Analyst Upgrades and Downgrades

WBD has been the topic of several research reports. UBS Group lifted their target price on Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Rothschild & Co Redburn set a $31.00 price target on Warner Bros. Discovery and gave the company a “neutral” rating in a report on Tuesday, February 17th. Weiss Ratings raised Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. TD Cowen upped their price objective on Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, February 27th. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.30.

Warner Bros. Discovery Stock Down 0.6%

Shares of NASDAQ:WBD opened at $27.07 on Friday. The company has a market cap of $67.13 billion, a price-to-earnings ratio of 93.35 and a beta of 1.60. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $30.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $27.94 and a 200 day moving average price of $24.74.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.19). Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The company had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. During the same period in the previous year, the firm earned ($0.20) earnings per share. The company’s revenue was down 5.7% compared to the same quarter last year. As a group, equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Transactions at Warner Bros. Discovery

In related news, insider Gerhard Zeiler sold 600,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $28.02, for a total value of $16,812,000.00. Following the completion of the sale, the insider directly owned 672,649 shares in the company, valued at $18,847,624.98. This trade represents a 47.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul A. Gould sold 600,000 shares of Warner Bros. Discovery stock in a transaction on Monday, March 16th. The stock was sold at an average price of $27.35, for a total transaction of $16,410,000.00. Following the transaction, the director directly owned 244,357 shares of the company’s stock, valued at $6,683,163.95. The trade was a 71.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 8,206,827 shares of company stock worth $230,674,025. 1.90% of the stock is currently owned by corporate insiders.

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.