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

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 Price Performance

Shares of Warner Bros. Discovery stock traded down $0.37 during trading on Thursday, hitting $27.44. The stock had a trading volume of 23,847,774 shares, compared to its average volume of 25,247,466. The business has a fifty day moving average of $28.18 and a two-hundred day moving average of $23.67. Warner Bros. Discovery, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $30.00. The firm has a market cap of $68.00 billion, a P/E ratio of 94.63 and a beta of 1.60. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06.

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

Institutional Trading of Warner Bros. Discovery

Large investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $1,123,807,000. Pacer Advisors Inc. grew its holdings in shares of Warner Bros. Discovery by 4,639.8% in the 3rd quarter. Pacer Advisors Inc. now owns 22,788,847 shares of the company’s stock valued at $445,066,000 after buying an additional 22,308,046 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Warner Bros. Discovery by 7.1% in the third quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock valued at $5,492,112,000 after buying an additional 18,736,600 shares during the period. Jericho Capital Asset Management L.P. boosted its position in shares of Warner Bros. Discovery by 108.9% during the third quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock worth $685,413,000 after buying an additional 18,291,865 shares during the period. Finally, Maverick Capital Ltd. acquired a new stake in Warner Bros. Discovery in the 2nd quarter valued at approximately $77,896,000. 59.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WBD shares. Argus lowered their price target on shares of Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings raised Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. Guggenheim lowered Warner Bros. Discovery from a “buy” rating to a “neutral” rating and upped their target price for the stock from $25.00 to $30.00 in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft cut Warner Bros. Discovery from a “buy” rating to a “hold” rating and boosted their price target for the company from $29.50 to $31.00 in a research note on Friday, February 27th. Finally, Barrington Research downgraded Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a report on Friday, December 5th. 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 assigned a Sell rating to the company. According to MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Hold” and a consensus target price of $26.30.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Priya Aiyar sold 223,512 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.24, for a total transaction of $6,311,978.88. Following the sale, the insider directly owned 919,252 shares of the company’s stock, valued at approximately $25,959,676.48. This represents a 19.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David Zaslav sold 4,004,149 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $28.26, for a total value of $113,157,250.74. Following the completion of the sale, the chief executive officer owned 7,200,627 shares in the company, valued at $203,489,719.02. This represents a 35.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,571,827 shares of company stock worth $213,302,225. Corporate insiders own 1.90% of the company’s stock.

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.

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.