Rep. August Pfluger Sells Off Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

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 stock traded up $0.03 during mid-day trading on Thursday, hitting $10.92. 14,581,275 shares of the company were exchanged, compared to its average volume of 25,889,924. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70. The stock has a market capitalization of $26.78 billion, a PE ratio of -2.38, a price-to-earnings-growth ratio of 8.31 and a beta of 1.49. The business has a 50 day simple moving average of $10.39 and a 200-day simple moving average of $9.09. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03.

Insiders Place Their Bets

In other news, insider Savalle Sims sold 169,436 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now directly owns 599,317 shares of the company's stock, valued at $7,407,558.12. This represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Colonial Trust Advisors increased its holdings in Warner Bros. Discovery by 71.8% during the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after purchasing an additional 996 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. grew its holdings in Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after buying an additional 1,940 shares in the last quarter. Graney & King LLC purchased a new stake in Warner Bros. Discovery in the 4th quarter valued at $28,000. Finally, Ethos Financial Group LLC bought a new position in Warner Bros. Discovery during the 4th quarter valued at $29,000. Institutional investors and hedge funds own 59.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on WBD. Wolfe Research upgraded shares of Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a research note on Monday, November 11th. Macquarie lifted their price target on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Raymond James lifted their price objective on Warner Bros. Discovery from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Barclays increased their price target on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Finally, Moffett Nathanson upgraded Warner Bros. Discovery from a "neutral" rating to a "buy" rating and lifted their target price for the company from $9.00 to $13.00 in a research report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.