Rep. Jefferson Shreve Sells Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Warner Bros. Discovery, Inc. NASDAQ: WBD. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Warner Bros. Discovery stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD traded down $0.01 during midday trading on Friday, hitting $13.49. The company's stock had a trading volume of 74,363,387 shares, compared to its average volume of 46,043,758. The business's 50 day simple moving average is $10.76 and its 200 day simple moving average is $10.10. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $33.11 billion, a P/E ratio of -3.07 and a beta of 1.54. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $13.68.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative return on equity of 30.56% and a negative net margin of 28.16%. The business had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $9.66 billion. During the same period in the prior year, the business posted ($0.40) earnings per share. The business's quarterly revenue was down 9.8% on a year-over-year basis. On average, analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Hedge Funds Weigh In On Warner Bros. Discovery

A number of large investors have recently bought and sold shares of WBD. Brighton Jones LLC grew its stake in shares of Warner Bros. Discovery by 304.9% during the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company's stock worth $729,000 after purchasing an additional 51,920 shares during the period. Good Life Advisors LLC grew its stake in Warner Bros. Discovery by 19.3% in the 4th quarter. Good Life Advisors LLC now owns 11,952 shares of the company's stock valued at $126,000 after acquiring an additional 1,930 shares during the last quarter. Handelsbanken Fonder AB grew its stake in Warner Bros. Discovery by 62.4% in the 4th quarter. Handelsbanken Fonder AB now owns 589,484 shares of the company's stock valued at $6,231,000 after acquiring an additional 226,456 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its stake in Warner Bros. Discovery by 8.3% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 520,449 shares of the company's stock valued at $5,501,000 after acquiring an additional 40,037 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators grew its stake in Warner Bros. Discovery by 12.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company's stock valued at $105,000 after acquiring an additional 1,066 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company's stock.

Analyst Ratings Changes

WBD has been the topic of a number of analyst reports. KeyCorp reduced their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Morgan Stanley reduced their target price on shares of Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company lifted their target price on shares of Warner Bros. Discovery from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Guggenheim reaffirmed a "buy" rating on shares of Warner Bros. Discovery in a research note on Tuesday, June 10th. Finally, Barclays boosted their price target on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Twelve research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $12.41.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Warner Bros. Discovery Company Profile

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.