<div id="readability-page-1">OLD National Bancorp IN cut its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 76.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,103 shares of the company's stock after selling 374,242 shares during the quarter. OLD National Bancorp IN's holdings in Warner Bros. Discovery were worth $2,209,000 at the end of the most recent quarter.<div>Get Warner Bros. Discovery alerts:</div><ul><li>MarketBeat Week in Review – 12/15 - 12/19</li></ul>Several other institutional investors have also added to or reduced their stakes in the business. Grove Bank &amp; Trust raised its stake in shares of Warner Bros. Discovery by 66.5% in the third quarter. Grove Bank &amp; Trust now owns 1,690 shares of the company's stock worth $33,000 after purchasing an additional 675 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in Warner Bros. Discovery by 0.8% in the 1st quarter. Summit Investment Advisors Inc. now owns 101,522 shares of the company's stock worth $1,089,000 after buying an additional 795 shares in the last quarter. Cranbrook Wealth Management LLC increased its holdings in Warner Bros. Discovery by 73.8% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 1,929 shares of the company's stock worth $38,000 after buying an additional 819 shares in the last quarter. Premier Path Wealth Partners LLC raised its position in Warner Bros. Discovery by 0.6% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 134,943 shares of the company's stock worth $1,546,000 after buying an additional 857 shares during the last quarter. Finally, Eastern Bank lifted its stake in Warner Bros. Discovery by 11.6% during the 2nd quarter. Eastern Bank now owns 8,452 shares of the company's stock valued at $97,000 after acquiring an additional 879 shares during the period. 59.95% of the stock is currently owned by hedge funds and other institutional investors. <h2>Analyst Ratings Changes</h2>Several research firms have recently weighed in on WBD. KeyCorp reissued a &#34;sector weight&#34; rating on shares of Warner Bros. Discovery in a report on Friday, September 26th. Guggenheim boosted their target price on shares of Warner Bros. Discovery from $22.00 to $25.00 and gave the company a &#34;buy&#34; rating in a research note on Friday, November 7th. Barclays set a $20.00 price target on Warner Bros. Discovery in a research note on Wednesday, October 8th. Rothschild Redb upgraded Warner Bros. Discovery from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Thursday, October 30th. Finally, Singular Research upgraded shares of Warner Bros. Discovery to a &#34;moderate buy&#34; rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $23.22.<ul><li>Paramount Threw a Wrench in Netflix's Bid to Acquire Warner Bros.</li></ul>Read Our Latest Research Report on WBD<h2>Insiders Place Their Bets</h2>In other Warner Bros. Discovery news, CFO Gunnar Wiedenfels sold 242,994 shares of the business's stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total value of $7,168,323.00. Following the sale, the chief financial officer owned 918,940 shares in the company, valued at $27,108,730. The trade was a 20.91% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through the SEC website. Also, CAO Lori C. Locke sold 5,000 shares of the firm's stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $27.62, for a total value of $138,100.00. Following the transaction, the chief accounting officer owned 110,084 shares of the company's stock, valued at approximately $3,040,520.08. The trade was a 4.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 489,326 shares of company stock valued at $12,781,456. 1.80% of the stock is owned by company insiders. <h2>Key Warner Bros. Discovery News</h2><ul><li>Netflix Wins the Streaming Wars: The $82B Warner Bros. Deal</li></ul>Here are the key news stories impacting Warner Bros. Discovery this week:<ul> <li>Positive Sentiment: Larry Ellison has provided an irrevocable personal guarantee covering $40.4 billion of equity for Paramount Skydance’s amended hostile bid, materially strengthening Paramount’s ability to finance a deal and increasing the chance of higher competing offers. Larry Ellison gives $40.4 billion guarantee for Paramount bid</li> <li>Positive Sentiment: Netflix has refinanced a portion of its bridge loan backing its proposed acquisition, improving financing certainty for its competing offer and making the Netflix path to a closing more credible. Netflix refinances part of bridge loan</li> <li>Positive Sentiment: Market commentators and investors say bids could still rise — voices such as Ross Gerber and former CNN president Jon Klein have signaled the war for WBD may push offers higher, giving investors hope for a better takeover price. Warner Bros. Has Done 'Masterful' Job, Ross Gerber Says</li> <li>Positive Sentiment: WBD confirmed receipt of Paramount Skydance’s amended unsolicited tender offer — an official step that formalizes the competing bid and keeps takeover upside priced into the stock. WBD confirms receipt of amended tender offer</li> <li>Neutral Sentiment: Warner Bros. Discovery is preparing corporate moves (including a Discovery Global communications hire ahead of a planned spin-off), indicating ongoing execution of strategic separations that could affect asset valuations independent of the takeover. WBD hires Adrienne O'Hara ahead of spin-off</li> <li>Neutral Sentiment: Coverage and reporting on external controversies (e.g., CBS/Paramount-related reporting) are creating background noise around the deal narrative but are less directly material to WBD’s valuation than financing and guarantees. Paramount efforts play out amid CBS News drama</li> <li>Negative Sentiment: A major WBD shareholder (Harris Oakmark) says Paramount’s amended offer is still “not sufficient,” and some shareholders are urging Netflix to revisit its terms — signs of activist pressure and fragmentation among shareholders that could prolong uncertainty or lead to legal disputes. Paramount's new offer not sufficient, major investor says</li> <li>Negative Sentiment: Shareholder litigation risk: a plaintiffs' firm is investigating WBD's board for possible breach of fiduciary duty related to the bidding process, which could add legal risk and slow deal timelines. Berger Montague investigates WBD board</li> </ul><h2>Warner Bros. Discovery Stock Performance</h2>Shares of NASDAQ WBD opened at $29.15 on Wednesday. The stock has a market cap of $72.23 billion, a PE ratio of 153.43 and a beta of 1.60. Warner Bros. Discovery, Inc. has a 1 year low of $7.52 and a 1 year high of $30.00. The firm has a fifty day moving average price of $23.83 and a 200-day moving average price of $17.18. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 1.07. Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The firm had revenue of $9.05 billion for the quarter, compared to analysts' expectations of $9.17 billion. Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. The firm's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. Equities analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year. <h2>Warner Bros. Discovery Profile</h2> (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.<h2>Recommended Stories</h2><ul><li>Five stocks we like better than Warner Bros. Discovery</li><li>The boring AI play that could pay up to $4,290 monthly</li><li>Trump’s “real estate deal for America” explained</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>Trump Did WHAT??</li><li>A month before the crash</li></ul><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V0JE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V0JE"/>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.<h2>Should You Invest $1,000 in Warner Bros. Discovery Right Now?</h2>Before you consider Warner Bros. Discovery, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Warner Bros. Discovery wasn't on the list.While Warner Bros. Discovery currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here </div>

OLD National Bancorp IN reduced its holdings in Warner Bros. Discovery by 76.8% in the 3rd quarter, selling 374,242 shares. The remaining 113,103 shares are valued at $2,209,000. Other institutional investors also adjusted their stakes. Analysts have mixed ratings on WBD, with a consensus price target of $23.22. Insiders sold 489,326 shares worth $12,781,456 in the last 90 days.

OLD National Bancorp IN Sells 374,242 Shares of Warner Bros. Discovery, Inc. $WBD