Warner Bros. Discovery (NASDAQ:WBD) Stock Unloaded Rep. August Pfluger

Representative August Pfluger (R-Texas) recently sold shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD). In a filing disclosed on February 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Warner Bros. Discovery stock on January 13th. The trade occurred in the Representative’s “RBC ROTH IRA” account.

Warner Bros. Discovery Stock Performance

WBD traded up $0.28 during midday trading on Tuesday, reaching $10.62. The company had a trading volume of 32,608,990 shares, compared to its average volume of 25,960,381. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $26.05 billion, a PE ratio of -2.32, a P/E/G ratio of 7.98 and a beta of 1.49. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The business has a 50-day moving average price of $10.39 and a two-hundred day moving average price of $9.06.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery 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 sale, the insider now directly owns 599,317 shares in the company, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Warner Bros. Discovery

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in shares of Warner Bros. Discovery by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock worth $21,281,000 after purchasing an additional 78,653 shares during the period. Hauser Brothers GmbH lifted its position in Warner Bros. Discovery by 56.1% during the 3rd quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company’s stock valued at $10,106,000 after acquiring an additional 440,000 shares during the period. Private Management Group Inc. lifted its position in Warner Bros. Discovery by 37.7% during the 3rd quarter. Private Management Group Inc. now owns 6,886,143 shares of the company’s stock valued at $56,811,000 after acquiring an additional 1,886,868 shares during the period. Erste Asset Management GmbH purchased a new position in Warner Bros. Discovery during the 3rd quarter valued at about $1,474,000. Finally, Blueshift Asset Management LLC purchased a new position in Warner Bros. Discovery during the 3rd quarter valued at about $588,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on WBD shares. Rosenblatt Securities upped their price target on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Barrington Research reiterated an “outperform” rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a research note on Friday, December 13th. Barclays increased their target price on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Guggenheim increased their target price on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group increased their target price on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.76.

About Representative Pfluger

August Pfluger (Republican Party) is a member of the U.S. House, representing Texas’ 11th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Pfluger (Republican Party) is running for re-election to the U.S. House to represent Texas’ 11th Congressional District. He declared candidacy for the 2026 election.

August Pfluger lives in San Angelo, Texas. Pfluger graduated from San Angelo High School. He serves in the U.S. Air Force Reserves and has reached the rank of colonel.

Pfluger earned a degree from the U.S. Air Force Academy. His career experience includes working as a National Security Council advisor with the Trump administration.

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.