Warner Bros. Discovery, Inc. (NASDAQ:WBD) Short Interest Update

Warner Bros. Discovery, Inc. (NASDAQ:WBD) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 47,733,517 shares, a decrease of 22.5% from the February 26th total of 61,625,649 shares. Based on an average trading volume of 26,609,709 shares, the short-interest ratio is presently 1.8 days. Currently, 2.0% of the company’s stock are sold short.

Insider Buying and Selling at Warner Bros. Discovery

In related news, insider Bruce Campbell sold 1,580,331 shares of Warner Bros. Discovery stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $28.00, for a total transaction of $44,249,268.00. Following the transaction, the insider owned 690,028 shares of the company’s stock, valued at $19,320,784. The trade was a 69.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gerhard Zeiler sold 600,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total value of $16,812,000.00. Following the transaction, the insider directly owned 672,649 shares in the company, valued at approximately $18,847,624.98. The trade was a 47.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 8,206,827 shares of company stock worth $230,674,025. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Warner Bros. Discovery

A number of hedge funds and other institutional investors have recently modified their holdings of WBD. Vanguard Group Inc. grew its holdings in shares of Warner Bros. Discovery by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 283,180,433 shares of the company’s stock worth $8,161,260,000 after purchasing an additional 1,966,278 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 valued at $1,912,634,000 after buying an additional 1,028,346 shares during the last quarter. Invesco Ltd. raised its holdings in Warner Bros. Discovery by 2.8% during 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 purchased a new stake in Warner Bros. Discovery during the 4th quarter valued at $1,123,807,000. Finally, Jericho Capital Asset Management L.P. boosted its position in 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 buying an additional 18,291,865 shares during the period. Institutional investors own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on WBD shares. UBS Group raised 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. Deutsche Bank Aktiengesellschaft cut Warner Bros. Discovery from a “buy” rating to a “hold” rating and upped their price target for the company from $29.50 to $31.00 in a research report on Friday, February 27th. TD Cowen increased their price target on Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, February 27th. Weiss Ratings raised Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Finally, Argus lowered their price objective on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.30.

Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock opened at $27.07 on Monday. Warner Bros. Discovery has a fifty-two week low of $7.52 and a fifty-two week high of $30.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $67.13 billion, a P/E ratio of 93.35 and a beta of 1.60. The firm’s fifty day moving average price is $27.91 and its 200-day moving average price is $25.02.

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 the consensus estimate of $0.09 by ($0.19). The firm had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.33 billion. Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.20) EPS. On average, equities research analysts expect that Warner Bros. Discovery 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: WBD formally set a Special Meeting for shareholders on April 23, 2026 at 10:00 a.m. ET to vote on the Paramount Skydance merger; the company has begun mailing the definitive proxy and the board unanimously recommends shareholders vote FOR the transaction. This official timetable and proxy distribution increases the odds of the deal closing if approvals follow. Warner Bros. Discovery Sets Shareholder Meeting Date of April 23, 2026 to Approve Transaction with Paramount Skydance
• Positive Sentiment: Major outlets report the deal size at roughly $110 billion and confirm the April 23 shareholder vote — higher clarity on price and timing reduces deal uncertainty that can weigh on the stock. Warner Bros shareholders to vote on $110 billion Paramount deal on April 23, WSJ reports
• Positive Sentiment: Netflix reportedly walked away from talks to acquire WBD, removing a potential competing bidder and making the Paramount transaction more likely to close without a higher offer — this supports the deal’s probability and reduces takeover speculation. Netflix Ends Warner Deal Talks To Focus On Core Growth Choices
• Neutral Sentiment: Local government steps are proceeding: the Los Angeles County Board of Supervisors greenlighted an economic analysis of the proposed merger, a routine but necessary part of assessing local impacts — not a direct blocker but part of the regulatory timeline. Los Angeles County Board of Supervisors Greenlights Economic Analysis of Paramount-WBD Merger
• Neutral Sentiment: Wide media coverage (MSN, Deadline, Hollywood Reporter) confirms the April 23 date and keeps investor focus on the vote; continued coverage can maintain trading volume and short‑term volatility until the meeting. Warner Bros. Discovery Sets Shareholder Vote On Sale To Paramount
• Negative Sentiment: Despite progress, the transaction remains large and subject to shareholder approval and potential regulatory and antitrust scrutiny — these are meaningful execution risks that could delay, change terms, or block the deal, which would weigh on the stock if they materialize. Warner Bros. Discovery Sets April 23 Vote on Paramount Mega Deal

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.