Warner Bros. Discovery (NASDAQ:WBD) Shares Unloaded Rep. August Pfluger

Representative August Pfluger (Republican-Texas) recently sold shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD). In a filing disclosed on March 19th, the Representative disclosed that they had sold between $1,001 and $15,000 in Warner Bros. Discovery stock on February 10th. The trade occurred in the Representative’s “ROTH IRA” account.

Representative August Pfluger also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Sirius XM (NASDAQ:SIRI) on 1/13/2026.
• Sold $1,001 – $15,000 in shares of Fidelity National Financial (NYSE:FNF) on 1/12/2026.

Warner Bros. Discovery Stock Down 0.2%

WBD stock traded down $0.06 during midday trading on Wednesday, reaching $27.22. The company had a trading volume of 18,015,806 shares, compared to its average volume of 26,147,258. The company has a 50 day moving average of $28.00 and a two-hundred day moving average of $24.71. The company has a market capitalization of $67.50 billion, a P/E ratio of 93.87 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 company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87.

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

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Reported short interest fell to 47,733,517 shares as of March 13 (down ~22.5% from Feb. 26), with a days-to-cover around 1.8 — fewer shares sold short can reduce downside pressure and make squeezes less likely.
• Neutral Sentiment: Coverage and social attention have picked up: Zacks and Yahoo flagged WBD as a trending/most-searched stock this week, which can increase volatility and trading volume but is directionally ambiguous. Read More. • Read More.
• Neutral Sentiment: Multiple data feeds show inconsistent short-interest reports (entries showing zeros/NaN alongside the confirmed March 13 figure). Treat headline “large increase” claims with caution until exchanges reconcile filings.
• Negative Sentiment: Los Angeles County Supervisors ordered a formal analysis of the proposed Paramount–WBD merger, with interim findings due in 60 days and final recommendations in 120 days — this signals heightened local/regulatory scrutiny that could delay the deal or invite mitigation conditions. Read More.
• Negative Sentiment: An opinion piece argues that antitrust regulators should reject the WBD–Paramount–Skydance link-up, feeding a broader regulatory narrative that could pressure deal approvals and investor sentiment. Read More.
• Negative Sentiment: Press noted a congressman selling WBD shares after a large run-up (shares up ~150% over the last year in that report) — insider/insider-adjacent selling can create short-term negative optics even if not illegal. Read More.

Analyst Upgrades and Downgrades

WBD has been the topic of several research reports. UBS Group upped their target price on Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Moffett Nathanson raised Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. Argus dropped their price objective on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Wells Fargo & Company assumed coverage on shares of Warner Bros. Discovery in a research report on Monday, March 9th. They set an “equal weight” rating and a $31.00 price objective on the stock. Finally, Arete Research reiterated a “neutral” rating and issued a $31.25 target price on shares of Warner Bros. Discovery in a research note on Friday, February 27th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.30.

Insider Activity

In other Warner Bros. Discovery news, Director Paul A. Gould sold 600,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $27.35, for a total transaction of $16,410,000.00. Following the completion of the sale, the director directly owned 244,357 shares in the company, valued at $6,683,163.95. This represents a 71.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce Campbell sold 1,580,331 shares of Warner Bros. Discovery stock in a transaction dated 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 completion of the transaction, the insider owned 690,028 shares in the company, valued at $19,320,784. The trade was a 69.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 8,206,827 shares of company stock worth $230,674,025. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WBD. Vanguard Group Inc. grew its holdings in Warner Bros. Discovery by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 283,180,433 shares of the company’s stock valued at $8,161,260,000 after purchasing an additional 1,966,278 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Warner Bros. Discovery by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 66,597,575 shares of the company’s stock worth $1,912,634,000 after buying an additional 1,028,346 shares during the period. Invesco Ltd. grew its stake in Warner Bros. Discovery by 2.8% in the 2nd quarter. Invesco Ltd. now owns 44,574,492 shares of the company’s stock valued at $510,824,000 after buying an additional 1,233,195 shares during the last quarter. Norges Bank acquired a new position in Warner Bros. Discovery in the 4th quarter valued at $1,123,807,000. Finally, Jericho Capital Asset Management L.P. raised its holdings in Warner Bros. Discovery by 108.9% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock worth $685,413,000 after acquiring an additional 18,291,865 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

About Representative Pfluger

August Pfluger (Republican Party) is a member of the U.S. House, representing Texas’ 11th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Pfluger (Republican Party) is running for re-election to the U.S. House to represent Texas’ 11th Congressional District. He declared candidacy for the 2026 election.

August Pfluger lives in San Angelo, Texas. Pfluger graduated from San Angelo High School. He serves in the U.S. Air Force Reserves and has reached the rank of colonel.

Pfluger earned a degree from the U.S. Air Force Academy. His career experience includes working as a National Security Council advisor with the Trump administration.

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.