Bruce Campbell Sells 41,784 Shares of Warner Bros. Discovery (NASDAQ:WBD) Stock

Warner Bros. Discovery, Inc. (NASDAQ:WBD) insider Bruce Campbell sold 41,784 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $27.82, for a total transaction of $1,162,430.88. Following the completion of the sale, the insider owned 604,666 shares in the company, valued at approximately $16,821,808.12. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $28.00, for a total transaction of $1,543,304.00.
• On Wednesday, March 4th, Bruce Campbell sold 1,580,331 shares of Warner Bros. Discovery stock. The stock was sold at an average price of $28.00, for a total transaction of $44,249,268.00.

Warner Bros. Discovery Stock Performance

WBD opened at $27.81 on Thursday. 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 cap of $68.91 billion, a PE ratio of 95.90 and a beta of 1.60. The business has a fifty day simple moving average of $28.21 and a 200-day simple moving average of $23.64. Warner Bros. Discovery, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last announced its 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 period in the prior year, the company earned ($0.20) earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: Paramount CEO David Ellison told Warner Bros. executives the prior bidding process was “turbulent” but “now behind us,” praised HBO as a “gold standard,” and signaled a cooperative tone that could reduce transaction uncertainty if integration proceeds smoothly. Paramount’s David Ellison Addresses Warner Bros. Execs at Town Hall
• Positive Sentiment: Research upgrade: MoffettNathanson (reported via Zacks) raised WBD to Strong-Buy from Hold, a bullish analyst signal that can attract buyers and support momentum if other firms follow. MoffettNathanson upgrade (via Zacks)
• Neutral Sentiment: Wells Fargo initiated coverage at Equal Weight with a $31 price target — a stabilizing, but not strongly bullish, institutional view that suggests modest upside under current assumptions. Wells Fargo coverage initiated
• Negative Sentiment: Insider selling: Director/insider Bruce Campbell sold 41,784 shares (~$1.16M), which investors may interpret as opportunistic profit-taking or reduced insider conviction even if sales are routine. SEC filing: Bruce Campbell sale
• Negative Sentiment: Analysts (including BofA) warn the Paramount Skydance–WBD deal carries major integration and execution risks and could take years to deliver benefits, creating near-term downside risk to earnings and free cash flow forecasts. Paramount Skydance price target lowered (Proactive Investors)
• Negative Sentiment: Options market shows moderately bearish flow and greater demand for downside protection (put-call skew steepening), indicating traders are hedging for near-term downside despite relatively low implied volatility. Options traders moderately bearish (Yahoo Finance)
• Negative Sentiment: Structural ad-revenue pressure: YouTube now generates more ad revenue than major traditional media players combined, underscoring secular headwinds for WBD’s ad-supported businesses and long-term monetization. YouTube ad revenue outpaces traditional media (Business Insider)

Institutional Trading of Warner Bros. Discovery

A number of hedge funds have recently made changes to their positions in the stock. Concord Wealth Partners grew its position in Warner Bros. Discovery by 49.9% during the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares in the last quarter. Swiss RE Ltd. purchased a new stake in Warner Bros. Discovery in the 4th quarter worth approximately $26,000. Physician Wealth Advisors Inc. lifted its position in Warner Bros. Discovery by 152.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after buying an additional 847 shares in the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of Warner Bros. Discovery during the 2nd quarter valued at $29,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at $29,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on WBD. Sanford C. Bernstein raised their target price on shares of Warner Bros. Discovery from $23.50 to $27.75 and gave the stock a “market perform” rating in a report on Tuesday, February 24th. Guggenheim lowered shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and boosted their price target for the company from $25.00 to $30.00 in a report on Wednesday, January 14th. Morgan Stanley set a $29.00 price target on shares of Warner Bros. Discovery in a research report on Thursday, December 18th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday. Finally, Arete Research reissued a “neutral” rating and set a $31.25 target price on shares of Warner Bros. Discovery in a research note on Friday, February 27th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.30.

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.