Warner Bros. Discovery (NASDAQ:WBD) Director Paul Gould Sells 600,000 Shares of Stock

Warner Bros. Discovery, Inc. (NASDAQ:WBD) Director Paul Gould sold 600,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was 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 owned 244,357 shares of the company’s stock, valued at $6,683,163.95. This trade represents a 71.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Warner Bros. Discovery Trading Up 1.4%

Shares of Warner Bros. Discovery stock opened at $27.51 on Tuesday. The firm has a market cap of $68.17 billion, a price-to-earnings ratio of 94.87 and a beta of 1.60. Warner Bros. Discovery, Inc. has a 52-week low of $7.52 and a 52-week high of $30.00. The company’s 50-day simple moving average is $28.13 and its 200-day simple moving average is $24.05. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.87.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. During the same quarter in the previous year, the business earned ($0.20) EPS. Warner Bros. Discovery’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Hedge Funds Weigh In On Warner Bros. Discovery

Several hedge funds have recently bought and sold shares of the company. Concord Wealth Partners boosted 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 worth $26,000 after purchasing an additional 440 shares in the last quarter. Swiss RE Ltd. purchased a new position in shares of Warner Bros. Discovery in the fourth quarter valued at $26,000. Physician Wealth Advisors Inc. increased its position in shares of Warner Bros. Discovery by 152.1% in the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock valued at $27,000 after buying an additional 847 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in shares of Warner Bros. Discovery during the 2nd quarter worth $29,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Warner Bros. Discovery during the 4th quarter worth $29,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: WBD-dominated Oscars night — Warner Bros. films “One Battle After Another” and “Sinners” won multiple Academy Awards (reporting up to 10–11 trophies), driving a PR boost for the studio’s premium content slate and signaling franchise/rights value ahead of strategic talks. Warner Bros. Cleans Up at the Oscars
• Positive Sentiment: CEO David Zaslav sent a celebratory company-wide email highlighting the “historic” night and original storytelling wins — a morale/PR lift that can support investor expectations for content monetization and negotiating leverage in M&A discussions. Zaslav Celebrates Oscars
• Neutral Sentiment: Pending Paramount Skydance takeover remains front-and-center — coverage frames the Oscars success as timely but the $110B deal (and related bidding dynamics) is the primary structural story that will ultimately determine valuation. Investors should watch M&A updates more closely than awards alone. Reuters: Oscar triumph bittersweet as Paramount deal looms
• Neutral Sentiment: Some commentary downplays the long-term market impact of awards (Oscars aren’t guaranteed to move box office/streaming revenue materially); treat the PR bump as potentially short-lived unless tied to monetization plans. Fool: Oscars not a big deal
• Negative Sentiment: Large insider sale — Director Paul A. Gould sold 600,000 shares at ~$27.35 (≈$16.41M) and trimmed his stake by ~71%, disclosed in an SEC Form 4 filing. Big director sells can create near-term selling pressure or signal personal liquidity needs rather than confidence. Paul Gould SEC filing
• Negative Sentiment: Another insider sale — Director Fazal F. Merchant sold 35,000 shares at ~$27.48 (~$962k), reducing his holding by ~27%; adds to the raw selling flow that may offset some positive sentiment. Fazal Merchant SEC filing

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WBD shares. Wells Fargo & Company started coverage on Warner Bros. Discovery in a research note on Monday, March 9th. They issued an “equal weight” rating and a $31.00 price target on the stock. Moffett Nathanson upgraded Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Morgan Stanley set a $29.00 target price on shares of Warner Bros. Discovery in a research report on Thursday, December 18th. Guggenheim cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and upped their price target for the stock from $25.00 to $30.00 in a research note on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating and increased their price target for the company from $29.50 to $31.00 in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery presently has an average rating of “Hold” and an average target price of $26.30.

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.