Warner Bros. Discovery (NASDAQ:WBD) Director Kenneth Lowe Sells 120,000 Shares

Posted by Stanley Muller on Aug 12th, 2026

Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Free Report) Director Kenneth Lowe sold 120,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $26.97, for a total value of $3,236,400.00. Following the sale, the director directly owned 990,108 shares in the company, valued at approximately $26,703,212.76. This trade represents a 10.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Warner Bros. Discovery Price Performance

WBD stock traded up $0.58 during midday trading on Wednesday, reaching $27.65. The company had a trading volume of 25,357,175 shares, compared to its average volume of 23,225,891. Warner Bros. Discovery, Inc. has a 1-year low of $11.25 and a 1-year high of $30.00. The stock has a 50 day moving average price of $26.48 and a 200-day moving average price of $27.17. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $69.32 billion, a price-to-earnings ratio of -21.77 and a beta of 1.55.

Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.20. Warner Bros. Discovery had a negative net margin of 8.77% and a negative return on equity of 8.91%. The firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same period last year, the firm earned $0.63 EPS. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. Equities research analysts expect that Warner Bros. Discovery, Inc. will post -1.15 earnings per share for the current year.

Key Headlines Impacting Warner Bros. Discovery

Here are the key news stories impacting Warner Bros. Discovery this week:

Positive Sentiment: Freedom Capital upgraded WBD from “hold” to “strong buy,” signaling confidence in the company’s valuation and potential deal-related upside. Zacks.com
Positive Sentiment: Paramount Skydance said selling CNN remains “on the table” as a possible concession to resolve California’s antitrust lawsuit, potentially improving the prospects for the Paramount–WBD transaction. Paramount says CNN sale is on the table
Neutral Sentiment: The merger is in legal limbo, with a March 2027 antitrust trial potentially determining WBD’s next major strategic move. The uncertainty may keep volatility elevated until the dispute is resolved. Paramount Skydance versus Warner Bros. Discovery
Neutral Sentiment: Paramount’s proposed 30-film annual theatrical commitment could benefit cinema operators and support the strategic rationale for the merger, but the plan depends on the transaction surviving regulatory review. Paramount’s 30-film promise
Negative Sentiment: Democratic lawmakers and officials are intensifying scrutiny of Paramount CEO David Ellison and the proposed WBD deal, increasing the risk of additional delays, conditions or litigation. Democrats intensify scrutiny of David Ellison
Negative Sentiment: Ellison’s threat to begin moving Paramount out of California if Attorney General Rob Bonta will not negotiate underscores the severity of the dispute but does not resolve the antitrust case, leaving the merger’s completion uncertain. Paramount may exit California over WBD merger suit

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in Warner Bros. Discovery in the fourth quarter valued at approximately $1,123,807,000. Bank of New York Mellon Corp acquired a new stake in shares of Warner Bros. Discovery during the 2nd quarter worth approximately $338,263,000. Duquesne Family Office LLC acquired a new stake in shares of Warner Bros. Discovery during the 2nd quarter worth approximately $74,916,000. Amundi increased its stake in shares of Warner Bros. Discovery by 59.6% in the 3rd quarter. Amundi now owns 15,523,538 shares of the company’s stock valued at $296,189,000 after acquiring an additional 5,798,592 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Warner Bros. Discovery during the 3rd quarter valued at $100,135,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WBD has been the subject of several recent analyst reports. Zacks Research downgraded Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Huber Research upgraded Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. KeyCorp reissued an “overweight” rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th. Guggenheim reissued a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. Finally, Freedom Capital raised shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Hold” and a consensus target price of $27.69.

Get Our Latest Analysis on Warner Bros. Discovery

Warner Bros. Discovery Company Profile

(Get Free Report)

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.