Warner Bros. Discovery (NASDAQ:WBD) Insider Bruce Campbell Sells 1,580,331 Shares

Warner Bros. Discovery, Inc. (NASDAQ:WBD) insider Bruce Campbell sold 1,580,331 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $28.00, for a total value of $44,249,268.00. Following the transaction, the insider directly owned 690,028 shares in the company, valued at $19,320,784. This trade represents a 69.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Bruce Campbell also recently made the following trade(s):

• On Wednesday, March 4th, Bruce Campbell sold 55,118 shares of Warner Bros. Discovery stock. The stock was sold at an average price of $28.00, for a total value of $1,543,304.00.

Warner Bros. Discovery Trading Up 0.2%

Shares of WBD traded up $0.05 during mid-day trading on Thursday, reaching $28.00. The stock had a trading volume of 25,035,719 shares, compared to its average volume of 25,729,393. Warner Bros. Discovery, Inc. has a 52-week low of $7.52 and a 52-week high of $30.00. The firm has a market cap of $69.38 billion, a price-to-earnings ratio of 96.56 and a beta of 1.60. The business’s fifty day moving average is $28.32 and its 200 day moving average is $23.08. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.07.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.19). The firm had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. On average, sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WBD. Deutsche Bank Aktiengesellschaft cut shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating and lifted their price target for the company from $29.50 to $31.00 in a research report on Friday, February 27th. The Goldman Sachs Group boosted their target price on Warner Bros. Discovery from $13.00 to $14.75 and gave the company a “buy” rating in a research report on Friday, November 7th. Wells Fargo & Company raised their price target on Warner Bros. Discovery from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Morgan Stanley set a $29.00 price objective on Warner Bros. Discovery in a report on Thursday, December 18th. Finally, Arete Research restated a “neutral” rating and set a $31.25 target price on shares of Warner Bros. Discovery in a report on Friday, February 27th. Six analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.34.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: Definitive Paramount Skydance acquisition agreement provides deal certainty and a strategic path to combine streaming and content assets—primary driver supporting the stock’s uptick. Paramount Skydance Deal Reshapes Warner Bros Discovery Outlook After Netflix Exit
• Positive Sentiment: David Ellison (Paramount) says CNN will operate independently, an explicit reassurance aimed at reducing political/regulatory pushback that could otherwise derail the deal. David Ellison Vows CNN Will Operate Independently as Paramount Buys Warner Bros.: ‘We Want to Be in the Truth Business’
• Positive Sentiment: Commentary and M&A write-ups frame the deal as a decisive outcome after months of uncertainty, which can support multiple bids for WBD assets and improve valuation clarity. Paramount Skydance Stole The Show With Its Warner Bros. Discovery Purchase
• Neutral Sentiment: Netflix formally walked away from the bidding process — this removes a high-profile bidder but also ends a prolonged auction; outcome is mixed for WBD valuation dynamics. The Art of the Walk-Away: Netflix Wins by Losing the WBD Deal (WBD)
• Neutral Sentiment: Political and deal-theatre noise continues (e.g., high-profile purchases of Netflix debt), creating headline volatility but unclear direct impact on WBD fundamentals. Trump Bought Netflix Debt Amid Paramount’s Fight for Warner Bros.
• Negative Sentiment: CEO David Zaslav and other executives sold large blocks of WBD stock after the deal announcement; insider selling can worry investors about post-deal confidence or lockup/vesting-related dilution. David Zaslav Sells $114 Million Worth of Warner Bros. Discovery Stock After WBD Clinches Paramount Skydance Deal
• Negative Sentiment: Analyst skepticism: Argus issued a pessimistic forecast for WBD’s stock price, which could cap enthusiasm and influence short-term selling or reduced buy-side conviction. Argus Issues Pessimistic Forecast for Warner Bros. Discovery (NASDAQ:WBD) Stock Price
• Negative Sentiment: Reports highlight likely regulatory review, potential job cuts and integration costs—risks that could pressure near-term margins and slow deal-related synergies. Paramount Skydance Deal Reshapes Warner Bros Discovery Outlook After Netflix Exit

Institutional Investors Weigh In On Warner Bros. Discovery

Hedge funds have recently bought and sold shares of the stock. JFS Wealth Advisors LLC grew its stake in Warner Bros. Discovery by 12.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 3,425 shares of the company’s stock worth $99,000 after buying an additional 378 shares during the last quarter. Salomon & Ludwin LLC grew its position in shares of Warner Bros. Discovery by 20.2% during the fourth quarter. Salomon & Ludwin LLC now owns 2,494 shares of the company’s stock worth $71,000 after acquiring an additional 419 shares during the last quarter. CYBER HORNET ETFs LLC increased its holdings in shares of Warner Bros. Discovery by 7.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 6,396 shares of the company’s stock valued at $184,000 after acquiring an additional 425 shares during the period. Root Financial Partners LLC raised its position in Warner Bros. Discovery by 17.5% in the 4th quarter. Root Financial Partners LLC now owns 2,879 shares of the company’s stock valued at $83,000 after purchasing an additional 429 shares during the last quarter. Finally, Optas LLC raised its position in Warner Bros. Discovery by 3.0% in the 4th quarter. Optas LLC now owns 15,120 shares of the company’s stock valued at $436,000 after purchasing an additional 435 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

About Warner Bros. Discovery

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.