Warner Bros. Discovery (NASDAQ:WBD) Shares Unloaded Rep. Laurel M. Lee

Representative Laurel M. Lee (R-Florida) recently sold shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD). In a filing disclosed on January 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Warner Bros. Discovery stock on November 29th.

Representative Laurel M. Lee also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of TuHURA Biosciences (NASDAQ:HURA) on 11/25/2024.
• Sold $15,001 – $50,000 in shares of GE Vernova (NYSE:GEV) on 11/8/2024.
• Purchased $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 10/21/2024.

Warner Bros. Discovery Price Performance

Shares of WBD opened at $10.06 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $24.68 billion, a PE ratio of -2.20 and a beta of 1.50. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. The firm’s 50 day moving average price is $10.15 and its 200 day moving average price is $8.60.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.79 billion. During the same period in the prior year, the company posted ($0.17) earnings per share. Warner Bros. Discovery’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, research analysts expect that Warner Bros. Discovery, Inc. will post -4.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Warner Bros. Discovery

Several institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its position in Warner Bros. Discovery by 1.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 626,622 shares of the company’s stock valued at $4,662,000 after buying an additional 8,066 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in Warner Bros. Discovery during the 2nd quarter worth about $102,000. TD Asset Management Inc lifted its position in Warner Bros. Discovery by 2.2% during the 2nd quarter. TD Asset Management Inc now owns 967,365 shares of the company’s stock valued at $7,197,000 after purchasing an additional 20,968 shares during the period. National Bank of Canada FI boosted its stake in shares of Warner Bros. Discovery by 25.6% in the 2nd quarter. National Bank of Canada FI now owns 40,283 shares of the company’s stock valued at $286,000 after purchasing an additional 8,219 shares during the last quarter. Finally, Candriam S.C.A. grew its position in shares of Warner Bros. Discovery by 9.5% during the 2nd quarter. Candriam S.C.A. now owns 164,476 shares of the company’s stock worth $1,224,000 after buying an additional 14,269 shares during the period. Institutional investors own 59.95% of the company’s stock.

Insider Activity at Warner Bros. Discovery

In related news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the sale, the insider now owns 599,317 shares of the company’s stock, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WBD shares. Rosenblatt Securities increased their price objective on Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Benchmark reiterated a “buy” rating and set a $18.00 price target on shares of Warner Bros. Discovery in a report on Friday, September 13th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research note on Thursday, October 10th. Bank of America reiterated a “buy” rating and issued a $14.00 target price on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. Finally, Barrington Research reissued an “outperform” rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research report on Friday, December 13th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.44.

About Representative Lee

Laurel Lee (Republican Party) is a member of the U.S. House, representing Florida’s 15th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2025. Lee (Republican Party) is running for re-election to the U.S. House to represent Florida’s 15th Congressional District. She declared candidacy for the Republican primary scheduled on August 20, 2024. Gov. Ron DeSantis (R) appointed Lee to serve as the Florida Secretary of State on January 28, 2019, after the resignation of Michael Ertel on January 24. Lee resigned on May 16, 2022. Lee was a judge of the 13th Judicial Circuit Court in Florida from 2013 to 2019. She was appointed to the court by Gov. Rick Scott (R) in May 2013. She was elected to the position in 2014. Laurel Lee earned undergraduate and law degrees from the University of Florida. Lee’s career experience includes working as an attorney with Carlton Fields, P.A., an assistant federal public defender and assistant U.S. attorney with the United States District Court for the Middle District of Florida, and a law clerk to James S. Moody on the United States District Court for the Middle District of Florida.

About Warner Bros. Discovery

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.