Rep. Laurel M. Lee Sells Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares

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 Trading Down 4.3 %

NASDAQ WBD traded down $0.45 on Thursday, hitting $10.06. 32,849,061 shares of the stock were exchanged, compared to its average volume of 27,980,191. The company's 50-day moving average price is $10.20 and its two-hundred day moving average price is $8.61. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The company has a market capitalization of $24.68 billion, a price-to-earnings ratio of -2.20 and a beta of 1.50.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.12. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Warner Bros. Discovery's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) earnings per share. Research analysts predict that Warner Bros. Discovery, Inc. will post -4.37 EPS for the current year.

Institutional Investors Weigh In On Warner Bros. Discovery

Several hedge funds have recently modified their holdings of WBD. Douglas Lane & Associates LLC increased its position in Warner Bros. Discovery by 13.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 1,726,841 shares of the company's stock worth $18,253,000 after acquiring an additional 211,272 shares during the period. Neville Rodie & Shaw Inc. acquired a new stake in Warner Bros. Discovery in the 4th quarter worth $125,000. Nordea Investment Management AB increased its holdings in shares of Warner Bros. Discovery by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 183,888 shares of the company's stock worth $1,958,000 after purchasing an additional 8,875 shares during the period. GAMMA Investing LLC raised its position in shares of Warner Bros. Discovery by 25.7% during the fourth quarter. GAMMA Investing LLC now owns 39,588 shares of the company's stock valued at $418,000 after buying an additional 8,087 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Warner Bros. Discovery by 3.1% in the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company's stock valued at $21,281,000 after buying an additional 78,653 shares during the period. 59.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Savalle Sims sold 169,436 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on WBD shares. Barclays boosted their price objective on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Barrington Research reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a research note on Friday, December 13th. Bank of America reissued a "buy" rating and set a $14.00 price objective on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. The Goldman Sachs Group upped their target price on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Finally, Raymond James raised their price target on Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of "Hold" and a consensus price target 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.