Warner Bros. Discovery (NASDAQ:WBD) Director Sells $16,410,000.00 in Stock

Warner Bros. Discovery, Inc. (NASDAQ:WBD) Director Paul 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 sale, the director 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. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Warner Bros. Discovery Price Performance

Shares of WBD opened at $27.35 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06. The company’s fifty day moving average price is $28.09 and its 200-day moving average price is $24.18. Warner Bros. Discovery, Inc. has a 1-year low of $7.52 and a 1-year high of $30.00. The firm has a market capitalization of $67.77 billion, a PE ratio of 94.31 and a beta of 1.60.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.33 billion. During the same quarter last year, the business earned ($0.20) EPS. The business’s revenue was down 5.7% on a year-over-year basis. On average, equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Warner Bros. Discovery News Summary

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

• Positive Sentiment: Oscars windfall strengthens WBD’s premium content credentials — multiple Warner Bros. films won major Academy Awards, which boosts the studio’s reputation, franchise value and potential monetization leverage ahead of strategic talks. Read More.
• Positive Sentiment: Commercial tie-up: GoPro renewed as the official wearable camera supplier for WBD’s WHOOP UCI Mountain Bike World Series, a small but visible sports/branding win that supports engagement in the company’s sports assets. Read More.
• Neutral Sentiment: Paramount Skydance merger remains the dominant valuation driver — the $110B deal’s progress and regulatory/closing risk will ultimately determine the stock’s longer-term direction, so awards and partnerships are secondary for investors. Read More.
• Neutral Sentiment: Analyst and market context: coverage is mixed (average “Hold”), and the stock has rallied notably in recent months — investors should weigh M&A outcomes against current price vs. analyst targets. Read More.
• Negative Sentiment: Governance and insider selling raise concern — filings show CEO David Zaslav stands to receive up to ~$887M tied to the Paramount deal, and directors have sold stock (e.g., Fazal Merchant’s 35,000-share sale and a large disclosed director sale), which can create selling pressure and governance scrutiny. Read More. Read More. Read More.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Argus decreased their target price on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. TD Cowen increased their price target on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, February 27th. Sanford C. Bernstein raised their price target 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. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. Finally, UBS Group upped their price objective on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.30.

Institutional Trading of Warner Bros. Discovery

Hedge funds and other institutional investors have recently bought and sold shares of the stock. World Investment Advisors raised its position in Warner Bros. Discovery by 86.8% during the fourth quarter. World Investment Advisors now owns 39,346 shares of the company’s stock valued at $1,134,000 after acquiring an additional 18,284 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new position in Warner Bros. Discovery in the fourth quarter valued at approximately $77,000. Corient Private Wealth LLC boosted its position in Warner Bros. Discovery by 28.6% in the 4th quarter. Corient Private Wealth LLC now owns 323,826 shares of the company’s stock worth $9,333,000 after purchasing an additional 71,973 shares in the last quarter. Auto Owners Insurance Co grew its stake in shares of Warner Bros. Discovery by 2,784.0% during the 4th quarter. Auto Owners Insurance Co now owns 678,519 shares of the company’s stock worth $19,555,000 after purchasing an additional 654,992 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of Warner Bros. Discovery by 0.4% during the 4th quarter. Hsbc Holdings PLC now owns 4,241,122 shares of the company’s stock worth $122,283,000 after purchasing an additional 18,804 shares during the period. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Company Profile

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.