DNB Asset Management AS Sells 813,338 Shares of Warner Bros. Discovery, Inc. $WBD
MarketBeat
Last updated: May 18, 2026
DNB Asset Management AS significantly reduced its holdings in Warner Bros. Discovery, Inc. during the fourth quarter. This adjustment was detailed in their recent Form 13F filing with the SEC.
- DNB Asset Management AS decreased its stake in Warner Bros. Discovery (WBD) by 63.7% in the fourth quarter. This strategic move involved selling 592,653 shares, leaving the firm with 337,883 shares of WBD stock valued at $4,605,000.
- Prior to this reduction, the firm held 930,536 shares of Warner Bros. Discovery. The sale represents a substantial divestment from the media company.
- Several other institutional investors have also recently adjusted their positions in WBD. JPMorgan Chase & Co. upgraded its rating to "overweight" and set a price target of $21.00. Morgan Stanley reduced its stake, while Geode Capital Management and Captrust Financial Advisors increased their holdings.
- Analysts have varying outlooks for Warner Bros. Discovery. The stock has a consensus rating of "hold" and an average price target of $17.80.
- The reported share sales by DNB Asset Management AS are part of broader trends among institutional investors regarding Warner Bros. Discovery.
