Merger Hurdles: Discussions highlight the stalled Paramount Skydance acquisition of Warner Bros. Discovery amid state antitrust challenges. A trial looms in early 2027, with daily fees accruing to shareholders starting in October. Analysts note potential asset breakup scenarios if the deal collapses.
Hedge Fund Activity: Investors point to Third Point's new substantial stake in the company as a vote of confidence. This follows recent earnings shortfalls tied to content performance. Sentiment around strategic options remains active despite regulatory delays.
Insider Transactions: Reports of executive share sales draw attention amid the merger uncertainty. Observers weigh these moves against broader media sector shifts. Overall chatter reflects ongoing scrutiny of the company's path forward.
Note: This discussion summary was generated from an AI condensation of post data.
Warner Bros. Discovery Insider Trading Activity
Warner Bros. Discovery insiders have traded $WBD stock on the open market 35 times in the past 6 months. Of those trades, 0 have been purchases and 35 have been sales.
Here’s a breakdown of recent trading of $WBD stock by insiders over the last 6 months:
- DAVID ZASLAV (Chief Executive Officer & Pres) has made 0 purchases and 6 sales selling 7,157,103 shares for an estimated $199,746,515.
- BRUCE CAMPBELL (Chief Rev & Strategy Officer) has made 0 purchases and 8 sales selling 1,635,449 shares for an estimated $45,792,572.
- GERHARD ZEILER (President, International) has made 0 purchases and 5 sales selling 1,191,038 shares for an estimated $32,799,863.
- GUNNAR WIEDENFELS (Chief Financial Officer) has made 0 purchases and 5 sales selling 991,903 shares for an estimated $27,946,395.
- JEAN-BRIAC PERRETTE (Pres.&CEO, Global Streaming) sold 659,120 shares for an estimated $18,073,070
- PAUL A GOULD sold 600,000 shares for an estimated $16,410,000
- PRIYA AIYAR (Chief Legal Officer) has made 0 purchases and 3 sales selling 322,163 shares for an estimated $9,059,409.
- KENNETH W LOWE sold 120,000 shares for an estimated $3,236,400
- FAZAL F MERCHANT has made 0 purchases and 2 sales selling 106,539 shares for an estimated $2,947,007.
- AMY GIRDWOOD (Chief People & Culture Officer) sold 75,030 shares for an estimated $2,119,597
- RICHARD W FISHER has made 0 purchases and 2 sales selling 36,345 shares for an estimated $1,011,926.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Warner Bros. Discovery Revenue
Warner Bros. Discovery had revenues of $8.7B in Q2 2026. This is a decrease of -11.16% from the same period in the prior year.
You can track WBD financials on Quiver Quantitative's WBD stock page.
You can access data on WBD stock through the Quiver Quantitative API.
Warner Bros. Discovery Congressional Stock Trading
Members of Congress have traded $WBD stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $WBD stock by members of Congress over the last 6 months:
- SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
Warner Bros. Discovery Hedge Fund Activity
We have seen 613 institutional investors add shares of Warner Bros. Discovery stock to their portfolio, and 634 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HARRIS ASSOCIATES L P removed 45,980,770 shares (-58.3%) from their portfolio in Q1 2026, for an estimated $1,262,631,944
- THIRD POINT LLC added 20,000,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $533,200,000
- JPMORGAN CHASE & CO added 19,917,207 shares (+3665.9%) to their portfolio in Q2 2026, for an estimated $530,992,738
- BARCLAYS PLC removed 19,724,890 shares (-71.5%) from their portfolio in Q2 2026, for an estimated $525,865,567
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 18,487,841 shares (+inf%) to their portfolio in Q2 2026, for an estimated $492,885,841
- MILLENNIUM MANAGEMENT LLC added 18,328,393 shares (+71.6%) to their portfolio in Q1 2026, for an estimated $503,297,671
- CITADEL ADVISORS LLC added 17,601,711 shares (+149.4%) to their portfolio in Q1 2026, for an estimated $483,342,984
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Warner Bros. Discovery Analyst Ratings
Wall Street analysts have issued reports on $WBD in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Raymond James issued a "Underperform" rating on 02/27/2026
To track analyst ratings and price targets for Warner Bros. Discovery, check out Quiver Quantitative's $WBD forecast page.
Warner Bros. Discovery Price Targets
Multiple analysts have issued price targets for $WBD recently. We have seen 5 analysts offer price targets for $WBD in the last 6 months, with a median target of $31.0.
Here are some recent targets:
- David Joyce from Seaport Global set a target price of $31.0 on 06/29/2026
- John Hodulik from UBS set a target price of $31.0 on 05/07/2026
- Steven Cahall from Wells Fargo set a target price of $31.0 on 03/09/2026
- Doug Creutz from TD Cowen set a target price of $26.0 on 02/27/2026
- Laurent Yoon from Bernstein set a target price of $27.75 on 02/25/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
