<div id="readability-page-1"><p>Apollo Management Holdings L.P. raised its holdings in shares of  Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 34.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,160,627 shares of the company's stock after purchasing an additional 2,100,000 shares during the quarter. Warner Bros. Discovery accounts for approximately  1.2% of Apollo Management Holdings L.P.'s investment portfolio, making the stock its 8th largest holding. Apollo Management Holdings L.P. owned approximately 0.33% of Warner Bros. Discovery worth $93,521,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Warner Bros. Discovery</strong> alerts:</span></p></div><ul><li>Netflix Wins the Streaming Wars: The $82B Warner Bros. Deal</li></ul><p>Several other institutional investors also recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC purchased a new stake in  Warner Bros. Discovery in the 2nd quarter valued at about $66,000.  CANADA LIFE ASSURANCE Co increased its holdings in  Warner Bros. Discovery by 25.7% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,452,308 shares of the company's stock worth $28,152,000 after purchasing an additional 500,946 shares during the period.  Duquesne Family Office LLC purchased a new stake in shares of  Warner Bros. Discovery in the 2nd quarter worth $74,916,000.  MUFG Securities EMEA plc bought a new position in shares of  Warner Bros. Discovery during the 2nd quarter worth $75,000.  Finally, Corient Private Wealth LLC raised its holdings in shares of  Warner Bros. Discovery by 125.6% in the second quarter. Corient Private Wealth LLC now owns 580,481 shares of the company's stock valued at $6,653,000 after acquiring an additional 323,183 shares in the last quarter. Hedge funds and other institutional investors own  59.95% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>A number of research firms have commented on WBD. Redburn Partners  set a $28.00 target price on shares of Warner Bros. Discovery in a research report on Thursday, October 30th. KeyCorp  restated a &#34;sector weight&#34; rating on shares of Warner Bros. Discovery in a research note on Friday, September 26th. Benchmark boosted their target price on shares of Warner Bros. Discovery from $25.00 to $30.00 and gave the stock a &#34;buy&#34; rating in a report on Monday, December 8th. Raymond James Financial boosted their price objective on shares of Warner Bros. Discovery from $22.00 to $25.00 and gave the stock an &#34;outperform&#34; rating in a research note on Friday, November 7th. Finally, Barclays  set a $20.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned  a Hold rating and one  has issued  a Sell rating to the stock. Based on data from MarketBeat, Warner Bros. Discovery currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $22.58.</p><ul><li>MarketBeat Week in Review – 12/1 - 12/5</li></ul><p><b>View Our Latest Stock Report on WBD</b></p><h2>Insider Activity at Warner Bros. Discovery</h2><p>In other news, CFO Gunnar Wiedenfels sold 530,793 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $19.50, for a total transaction of $10,350,463.50. Following the sale, the chief financial officer owned 1,141,150 shares of the company's stock, valued at approximately $22,252,425. This represents a 31.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, CAO Lori C. Locke sold 5,000 shares of the business's stock in a transaction on Monday, December 8th. The stock was sold at an average price of $27.62, for a total value of $138,100.00. Following the transaction, the chief accounting officer directly owned 110,084 shares of the company's stock, valued at $3,040,520.08. The trade was a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,020,119 shares of company stock valued at $23,131,920. Insiders own  1.90% of the company's stock. </p><h2>Warner Bros. Discovery Price Performance</h2><ul><li>Netflix Goes All In: The $70B Play to End the Streaming Wars</li></ul><p>Shares of WBD opened at $29.98 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $74.29 billion, a PE ratio of 157.80, a P/E/G ratio of 1.08 and a beta of 1.60. The firm has a 50-day simple moving average of $22.35 and a two-hundred day simple moving average of $16.21. Warner Bros. Discovery, Inc. has a 1-year low of $7.52 and a 1-year high of $30.00. </p><p>Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.06) EPS 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 analyst estimates of $9.17 billion. Warner Bros. Discovery had a return on equity of 1.34% and a net margin of 1.28%.The firm's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.05 earnings per share.  As a group, analysts forecast that  Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year. </p><h2>Warner Bros. Discovery Profile</h2> (Free Report)<p>Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Warner Bros. Discovery</li><li>There Are Different Types of Stock To Invest In</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>Investing in Travel Stocks Benefits</li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>What is a Microcap Stock? Everything You Need to Know </li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p><strong>Want to see what other hedge funds are holding WBD?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report).</p><p><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"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in Warner Bros. Discovery Right Now?</h2><p>Before you consider Warner Bros. Discovery, you'll want to hear this.</p><p>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.</p><p>While Warner Bros. Discovery currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Apollo Management Holdings L.P. increased its stake in Warner Bros. Discovery, Inc. by 34.6% in Q2, making it their 8th largest position. The fund now owns 8,160,627 shares, valued at $93.5 million. Other institutional investors also adjusted their holdings. Warner Bros. Discovery's stock has received mixed analyst ratings, with a consensus price target of $22.58. Recent insider sales include CFO Gunnar Wiedenfels and CAO Lori C. Locke. The stock opened at $29.98 with a market cap of $74.29 billion.</p>

Warner Bros. Discovery, Inc. $WBD is Apollo Management Holdings L.P.'s 8th Largest Position