Warner Bros. Discovery (NASDAQ:WBD) Stock Unloaded Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD). In a filing disclosed on March 09th, 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 “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Thermon Group (NYSE:THR) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Federal Signal (NYSE:FSS) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Champion Homes (NYSE:SKY) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/20/2026.

Warner Bros. Discovery Stock Up 0.5%

Shares of Warner Bros. Discovery stock traded up $0.13 during midday trading on Tuesday, hitting $27.64. The company’s stock had a trading volume of 23,254,011 shares, compared to its average volume of 25,427,537. Warner Bros. Discovery, Inc. has a 1-year low of $7.52 and a 1-year high of $30.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $68.49 billion, a P/E ratio of 95.31 and a beta of 1.60. The stock has a 50-day simple moving average of $28.12 and a 200-day simple moving average of $24.16.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly 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 business had revenue of $9.46 billion for 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 firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.20) earnings per share. As a group, sell-side analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on WBD. Moffett Nathanson upgraded Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Huber Research cut shares of Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 27th. 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. Barrington Research lowered shares of Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery has an average rating of “Hold” and a consensus price target of $26.30.

Institutional Investors Weigh In On Warner Bros. Discovery

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position 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 worth $8,161,260,000 after buying an additional 1,966,278 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Warner Bros. Discovery by 1.6% in the fourth 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 last quarter. Invesco Ltd. boosted its stake in shares of Warner Bros. Discovery by 2.8% during the 2nd quarter. Invesco Ltd. now owns 44,574,492 shares of the company’s stock worth $510,824,000 after acquiring an additional 1,233,195 shares in the last quarter. Norges Bank acquired a new position in shares of Warner Bros. Discovery during the 4th quarter valued at about $1,123,807,000. Finally, Jericho Capital Asset Management L.P. increased its holdings in shares of Warner Bros. Discovery by 108.9% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock valued at $685,413,000 after acquiring an additional 18,291,865 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Insiders Place Their Bets

In other news, insider Bruce Campbell sold 1,580,331 shares of Warner Bros. Discovery stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $28.00, for a total value of $44,249,268.00. Following the transaction, the insider owned 690,028 shares of the company’s stock, valued at $19,320,784. This trade represents a 69.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gunnar Wiedenfels sold 617,580 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $28.25, for a total transaction of $17,446,635.00. Following the completion of the sale, the chief financial officer owned 691,570 shares of the company’s stock, valued at $19,536,852.50. The trade was a 47.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,206,827 shares of company stock worth $230,674,025 in the last three months. 1.80% of the stock is owned by insiders.

Warner Bros. Discovery News Summary

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

• Positive Sentiment: Studio prestige lift — Warner Bros. films (“One Battle After Another,” “Sinners”) won multiple Academy Awards, raising the profile of WBD’s premium content slate and strengthening licensing/monetization and brand value ahead of the M&A close. Warner Bros. Wins Best Picture
• Positive Sentiment: Management PR momentum — CEO David Zaslav sent a company-wide note celebrating the “historic” Oscars night, which can support morale, short-term PR and negotiation leverage in M&A talks. Zaslav Celebrates Oscars
• Neutral Sentiment: Paramount takeover remains the primary valuation driver — coverage notes the $110B Paramount Skydance bid is the structural story; awards help PR but the deal terms, regulatory review and closing timeline will determine ultimate shareholder value. Reuters: Oscar triumph bittersweet as Paramount deal looms
• Neutral Sentiment: Industry context — Netflix’s decision to walk away and resulting sector moves are reshaping bidder dynamics and capital allocation across streaming/studio assets; monitor competitor maneuvers. Why Netflix Stock Is Rallying
• Negative Sentiment: Governance and payout concerns — regulatory filings show CEO David Zaslav could receive up to ~$887M in merger-related compensation (cash, equity payouts and tax reimbursements), raising governance scrutiny that could unsettle some investors and attract activist or regulatory attention. Warner CEO Pay Could Top $667M
• Negative Sentiment: Insider selling — recent director sales (Paul A. Gould sold ~600k shares; Fazal Merchant sold 35k shares) add near-term supply and can be interpreted as liquidity-taking ahead of the transaction close. Paul Gould SEC filing Fazal Merchant SEC filing
• Negative Sentiment: Bid noise & non‑credible approaches — reports of non-credible bids and late disclosures increase deal uncertainty and highlight governance questions around takeover incentives and process. Warner Bros Discovery Bid Drama

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.