Warner Bros. Discovery (NASDAQ:WBD) CEO Sells $113,157,250.74 in Stock

Warner Bros. Discovery, Inc. (NASDAQ:WBD) CEO David Zaslav sold 4,004,149 shares of the firm’s stock in a transaction 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 directly owned 7,200,627 shares of the company’s stock, valued at approximately $203,489,719.02. This trade represents a 35.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD traded up $0.05 during trading on Thursday, hitting $28.00. 25,035,719 shares of the stock were exchanged, compared to its average volume of 25,729,393. The company 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. The company has a fifty day moving average price of $28.32 and a two-hundred day moving average price of $23.08. Warner Bros. Discovery, Inc. has a 12-month low of $7.52 and a 12-month high of $30.00.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on WBD shares. Moffett Nathanson raised their target price on shares of Warner Bros. Discovery from $26.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Argus decreased their price target on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered Warner Bros. Discovery from a “buy” rating to a “hold” rating and upped their target price for the company from $29.50 to $31.00 in a report on Friday, February 27th. TD Cowen lifted their target price on Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, February 27th. Finally, Benchmark restated a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Warner Bros. Discovery has an average rating of “Hold” and a consensus price target of $25.34.

Key Stories Impacting Warner Bros. Discovery

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

Institutional Trading of Warner Bros. Discovery

Institutional investors and hedge funds have recently modified their holdings of the company. TriaGen Wealth Management LLC bought a new position in shares of Warner Bros. Discovery in the third quarter valued at approximately $443,000. Penserra Capital Management LLC lifted its position in Warner Bros. Discovery by 29,882.6% during the 2nd quarter. Penserra Capital Management LLC now owns 62,064 shares of the company’s stock valued at $710,000 after purchasing an additional 61,857 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Warner Bros. Discovery by 7.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 19,463,234 shares of the company’s stock valued at $223,049,000 after acquiring an additional 1,333,005 shares during the last quarter. Swedbank AB boosted its position in shares of Warner Bros. Discovery by 3.7% in the 3rd quarter. Swedbank AB now owns 1,065,445 shares of the company’s stock worth $20,808,000 after purchasing an additional 37,986 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Warner Bros. Discovery by 1.0% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,572,301 shares of the company’s stock worth $18,019,000 after buying an additional 16,006 shares during the period. 59.95% of the stock is currently owned by institutional investors and hedge funds.

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.