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

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 Stock Performance

Warner Bros. Discovery stock opened at $10.06 on Friday. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The firm’s fifty day moving average price is $10.20 and its 200-day moving average price is $8.61. The stock has a market cap of $24.68 billion, a P/E ratio of -2.20 and a beta of 1.50. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

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

Hedge Funds Weigh In On Warner Bros. Discovery

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

Insider Buying and Selling

In related news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the sale, the insider now directly owns 599,317 shares in the company, valued at $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WBD has been the subject of several analyst reports. Guggenheim increased their price target on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, December 12th. Macquarie upped their price target on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Thursday, October 10th. The Goldman Sachs Group lifted their price target on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a research report on Friday, December 13th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.