Gunnar Wiedenfels Sells 617,580 Shares of Warner Bros. Discovery (NASDAQ:WBD) Stock

Warner Bros. Discovery, Inc. (NASDAQ:WBD) CFO Gunnar Wiedenfels sold 617,580 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $28.25, for a total value of $17,446,635.00. Following the completion of the transaction, the chief financial officer directly owned 691,570 shares in the company, valued at $19,536,852.50. The trade was a 47.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Gunnar Wiedenfels also recently made the following trade(s):

• On Wednesday, March 4th, Gunnar Wiedenfels sold 374,323 shares of Warner Bros. Discovery stock. The stock was sold at an average price of $28.05, for a total value of $10,499,760.15.
• On Wednesday, December 10th, Gunnar Wiedenfels sold 242,994 shares of Warner Bros. Discovery stock. The shares were sold at an average price of $29.50, for a total value of $7,168,323.00.

Warner Bros. Discovery Trading Up 0.2%

Shares of NASDAQ:WBD traded up $0.05 during mid-day trading on Thursday, reaching $28.00. The stock had a trading volume of 25,035,719 shares, compared to its average volume of 25,729,393. The firm has a 50 day simple moving average of $28.32 and a two-hundred day simple moving average of $23.08. Warner Bros. Discovery, Inc. has a twelve month low of $7.52 and a twelve month high of $30.00. The firm has a market cap of $69.38 billion, a PE ratio of 96.56 and a beta of 1.60. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Warner Bros. Discovery (NASDAQ:WBD) last issued 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). The firm had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.33 billion. Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.20) EPS. On average, research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Warner Bros. Discovery

Several hedge funds have recently made changes to their positions in WBD. Brighton Jones LLC lifted its stake in Warner Bros. Discovery by 304.9% in the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock valued at $729,000 after purchasing an additional 51,920 shares during the last quarter. NewEdge Advisors LLC raised its stake in Warner Bros. Discovery by 50.5% in the first quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock valued at $679,000 after buying an additional 21,228 shares during the period. Empowered Funds LLC lifted its position in shares of Warner Bros. Discovery by 6.2% in the first quarter. Empowered Funds LLC now owns 65,082 shares of the company’s stock valued at $698,000 after buying an additional 3,779 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Warner Bros. Discovery by 91.6% during the 1st quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock worth $1,254,000 after acquiring an additional 55,837 shares during the period. Finally, Arkadios Wealth Advisors acquired a new position in shares of Warner Bros. Discovery during the 2nd quarter worth approximately $247,000. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: Definitive Paramount Skydance acquisition agreement provides deal certainty and a strategic path to combine streaming and content assets—primary driver supporting the stock’s uptick. Paramount Skydance Deal Reshapes Warner Bros Discovery Outlook After Netflix Exit
• Positive Sentiment: David Ellison (Paramount) says CNN will operate independently, an explicit reassurance aimed at reducing political/regulatory pushback that could otherwise derail the deal. David Ellison Vows CNN Will Operate Independently as Paramount Buys Warner Bros.: ‘We Want to Be in the Truth Business’
• Positive Sentiment: Commentary and M&A write-ups frame the deal as a decisive outcome after months of uncertainty, which can support multiple bids for WBD assets and improve valuation clarity. Paramount Skydance Stole The Show With Its Warner Bros. Discovery Purchase
• Neutral Sentiment: Netflix formally walked away from the bidding process — this removes a high-profile bidder but also ends a prolonged auction; outcome is mixed for WBD valuation dynamics. The Art of the Walk-Away: Netflix Wins by Losing the WBD Deal (WBD)
• Neutral Sentiment: Political and deal-theatre noise continues (e.g., high-profile purchases of Netflix debt), creating headline volatility but unclear direct impact on WBD fundamentals. Trump Bought Netflix Debt Amid Paramount’s Fight for Warner Bros.
• Negative Sentiment: CEO David Zaslav and other executives sold large blocks of WBD stock after the deal announcement; insider selling can worry investors about post-deal confidence or lockup/vesting-related dilution. David Zaslav Sells $114 Million Worth of Warner Bros. Discovery Stock After WBD Clinches Paramount Skydance Deal
• Negative Sentiment: Analyst skepticism: Argus issued a pessimistic forecast for WBD’s stock price, which could cap enthusiasm and influence short-term selling or reduced buy-side conviction. Argus Issues Pessimistic Forecast for Warner Bros. Discovery (NASDAQ:WBD) Stock Price
• Negative Sentiment: Reports highlight likely regulatory review, potential job cuts and integration costs—risks that could pressure near-term margins and slow deal-related synergies. Paramount Skydance Deal Reshapes Warner Bros Discovery Outlook After Netflix Exit

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WBD shares. UBS Group boosted their target price on Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. TD Cowen lifted their price objective on Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a report on Friday, February 27th. The Goldman Sachs Group increased their target price on Warner Bros. Discovery from $13.00 to $14.75 and gave the stock a “buy” rating in a research note on Friday, November 7th. Benchmark restated a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. Finally, Moffett Nathanson upped their price target on shares of Warner Bros. Discovery from $26.00 to $31.00 and gave the company a “buy” rating in a report on Friday, January 30th. Six research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.34.

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.