WINTON GROUP Ltd Makes New Investment in Warner Bros. Discovery, Inc. $WBD

Posted by Brian Himes on Jun 6th, 2026

WINTON GROUP Ltd purchased a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 499,217 shares of the company’s stock, valued at approximately $14,387,000.

Several other hedge funds have also recently added to or reduced their stakes in WBD. Vanguard Group Inc. grew 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 worth $8,161,260,000 after purchasing an additional 1,966,278 shares in the last quarter. Geode Capital Management LLC grew its position in 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 purchasing an additional 1,028,346 shares in the last quarter. Norges Bank purchased a new position in Warner Bros. Discovery during the 4th quarter worth approximately $1,123,807,000. Jericho Capital Asset Management L.P. grew its position in Warner Bros. Discovery by 108.9% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock worth $685,413,000 after purchasing an additional 18,291,865 shares in the last quarter. Finally, Northern Trust Corp grew its position in Warner Bros. Discovery by 3.9% during the 3rd quarter. Northern Trust Corp now owns 23,496,725 shares of the company’s stock worth $458,891,000 after purchasing an additional 876,869 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Down 2.8%

Shares of NASDAQ:WBD opened at $26.24 on Friday. The firm has a fifty day moving average of $27.18 and a two-hundred day moving average of $27.40. The firm has a market capitalization of $65.79 billion, a P/E ratio of -37.49 and a beta of 1.54. Warner Bros. Discovery, Inc. has a 12-month low of $9.11 and a 12-month high of $30.00. 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 – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). The company had revenue of $8.89 billion for the quarter, compared to analyst estimates 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 company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the business earned ($0.18) EPS. On average, equities analysts expect that Warner Bros. Discovery, Inc. will post -0.93 EPS for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Fazal F. Merchant sold 35,000 shares of Warner Bros. Discovery stock in a transaction on Monday, March 16th. The shares were sold at an average price of $27.48, for a total transaction of $961,800.00. Following the completion of the sale, the director owned 95,539 shares of the company’s stock, valued at $2,625,411.72. This trade represents a 26.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bruce Campbell sold 41,784 shares of Warner Bros. Discovery stock in a transaction on Monday, March 9th. The shares were sold at an average price of $27.82, for a total transaction of $1,162,430.88. Following the sale, the insider directly owned 604,666 shares of the company’s stock, valued at $16,821,808.12. This trade represents a 6.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 676,784 shares of company stock valued at $18,534,231 in the last quarter. Company insiders own 1.90% of the company’s stock.

Key Warner Bros. Discovery News

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

Positive Sentiment: Warner Bros. Discovery signed a World Series of Poker broadcast deal, which adds another content partnership and could support its media and sports programming strategy. WBD signs World Series of Poker broadcast deal
Neutral Sentiment: Analysts noted WBD has been little changed since its last earnings report, with investors still waiting for a clearer operational turnaround. Warner Bros. Discovery (WBD) Down 0.4% Since Last Earnings Report: Can It Rebound?
Neutral Sentiment: Paramount is seeking to dismiss a lawsuit aimed at blocking the Warner Bros. Discovery transaction, while other reports say states are preparing their own legal challenge, keeping the deal in limbo. U.S. states are preparing a lawsuit to block Paramount’s acquisition of Warner Bros
Negative Sentiment: State attorneys general planning a lawsuit to block the Paramount Skydance acquisition of Warner Bros. Discovery is the biggest near-term concern, since it raises the odds of delay or even failure of the deal. Stock Market Today, June 5: Warner Bros. Discovery Falls on Reports of State Antitrust Challenge to Paramount Deal
Negative Sentiment: Political scrutiny is increasing, with Senator Elizabeth Warren calling for a foreign-ownership review of the Paramount-WBD deal, adding another potential hurdle. Elizabeth Warren Calls For Foreign Ownership Review Of Paramount-WBD

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WBD shares. Argus lowered their price objective on shares of Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Weiss Ratings cut shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. KeyCorp reiterated an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. Finally, Sanford C. Bernstein lifted their price objective on shares of Warner Bros. Discovery from $23.50 to $27.75 and gave the stock a “market perform” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $27.04.

View Our Latest Stock Report on WBD

About Warner Bros. Discovery

(Free Report)

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.