Insider Selling: Warner Bros. Discovery (NASDAQ:WBD) Insider Sells $7,338,734.30 in Stock

Posted by George Bondi on Sep 10th, 2026

Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Free Report) insider Amy Girdwood sold 262,285 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $27.98, for a total value of $7,338,734.30. Following the completion of the sale, the insider owned 539,374 shares of the company’s stock, valued at $15,091,684.52. This trade represents a 32.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock traded up $0.29 during trading on Thursday, reaching $28.20. The company had a trading volume of 32,192,189 shares, compared to its average volume of 22,604,645. The firm’s 50-day simple moving average is $27.17 and its 200 day simple moving average is $27.24. Warner Bros. Discovery, Inc. has a 1-year low of $12.56 and a 1-year high of $30.00. The firm has a market capitalization of $70.80 billion, a PE ratio of -22.20 and a beta of 1.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.78 and a current ratio of 0.78.

Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.20. The company had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $9.25 billion. Warner Bros. Discovery had a negative net margin of 8.77% and a negative return on equity of 8.91%. The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. As a group, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -1.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WBD. Bank of America Corp DE boosted its stake in shares of Warner Bros. Discovery by 21.9% in the first quarter. Bank of America Corp DE now owns 16,616,949 shares of the company’s stock valued at $456,301,000 after purchasing an additional 2,980,900 shares during the period. Handelsbanken Fonder AB lifted its holdings in Warner Bros. Discovery by 130.8% during the 4th quarter. Handelsbanken Fonder AB now owns 1,008,638 shares of the company’s stock worth $29,069,000 after buying an additional 571,612 shares in the last quarter. Brighton Jones LLC boosted its position in Warner Bros. Discovery by 304.9% in the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock valued at $729,000 after buying an additional 51,920 shares during the period. Geode Capital Management LLC grew its stake in shares of Warner Bros. Discovery by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 66,597,575 shares of the company’s stock worth $1,912,634,000 after acquiring an additional 1,028,346 shares in the last quarter. Finally, Empyrean Capital Partners LP increased its position in shares of Warner Bros. Discovery by 29.1% during the first quarter. Empyrean Capital Partners LP now owns 2,583,000 shares of the company’s stock worth $70,929,000 after acquiring an additional 583,000 shares during the period. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WBD has been the subject of several research analyst reports. Freedom Capital upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Seaport Research Partners cut Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a report on Monday, July 27th. Zacks Research upgraded Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Huber Research upgraded Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. Finally, Weiss Ratings raised Warner Bros. Discovery from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Warner Bros. Discovery presently has an average rating of “Hold” and an average price target of $27.69.

Get Our Latest Report on WBD

Warner Bros. Discovery Company Profile

(Get Free Report)

Warner Bros. Discovery, Inc is a global media and entertainment company that develops, produces and distributes television, film and digital content. Its portfolio includes Warner Bros. film and television studios, HBO, CNN, Discovery, TLC, HGTV, Food Network, TNT Sports and other well-known brands.

The company operates streaming services including Max, which features HBO programming, Warner Bros. films, original series and other entertainment content, and discovery+, which focuses on lifestyle, documentary and nonfiction programming.