Rep. Julia Letlow Sells Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares

Representative Julia Letlow (R-Louisiana) recently sold shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD). In a filing disclosed on January 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Warner Bros. Discovery stock on December 8th. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Pinterest (NYSE:PINS) on 12/16/2025.
• Purchased $1,001 – $15,000 in shares of United Rentals (NYSE:URI) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Mettler-Toledo International (NYSE:MTD) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Icon Energy (NASDAQ:ICON) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of AstraZeneca (NASDAQ:AZN) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 12/8/2025.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $28.63 on Thursday. Warner Bros. Discovery, Inc. has a twelve month low of $7.52 and a twelve month high of $30.00. The firm has a fifty day simple moving average of $26.39 and a 200 day simple moving average of $19.17. The company has a market capitalization of $70.94 billion, a PE ratio of 150.69 and a beta of 1.56. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. The firm had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same period last year, the company posted $0.05 EPS. The business’s revenue was down 6.0% compared to the same quarter last year. On average, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Institutional Investors Weigh In On Warner Bros. Discovery

A number of institutional investors and hedge funds have recently bought and sold shares of WBD. Concord Wealth Partners grew its stake in shares of Warner Bros. Discovery by 49.9% in the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after acquiring an additional 440 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Warner Bros. Discovery by 152.1% during the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after purchasing an additional 847 shares during the last quarter. Grove Bank & Trust grew its position in Warner Bros. Discovery by 66.5% in the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock worth $33,000 after purchasing an additional 675 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Warner Bros. Discovery in the 3rd quarter valued at about $33,000. Finally, Crews Bank & Trust lifted its position in shares of Warner Bros. Discovery by 1,242.2% during the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock worth $34,000 after buying an additional 1,590 shares in the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery News Summary

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

• Positive Sentiment: Netflix is reportedly preparing to convert its December cash-and-stock offer into an all-cash bid, which would speed and simplify the transaction and make the deal’s value more certain for WBD shareholders. Article Title
• Positive Sentiment: Institutional investors appear supportive of the bidding contest; Bill Nygren of Harris Oakmark said he’s “pleased” with the bidding war, which suggests some large holders view higher bids or a sale outcome as value-accretive. Article Title
• Neutral Sentiment: Market reaction: Netflix shares dipped on the all-cash rumors (investors are parsing Netflix’s balance-sheet implications), a movement that can indirectly affect perceptions of deal feasibility but does not change WBD’s standalone fundamentals. Article Title
• Negative Sentiment: Paramount/Skydance has escalated with lawsuits and a proxy push seeking board changes to block or overturn the Netflix transaction, adding legal and timing uncertainty that could delay or derail a sale and pressure WBD’s near-term share price. Article Title
• Negative Sentiment: Paramount Skydance named Dennis Cinelli as CFO to oversee global finance — a move that signals Paramount is strengthening its financial and governance capabilities in the takeover fight, increasing competitive pressure on WBD’s deal process. Article Title

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America lifted their target price on Warner Bros. Discovery from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Singular Research upgraded shares of Warner Bros. Discovery to a “moderate buy” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $29.50 target price on shares of Warner Bros. Discovery in a research report on Monday, December 8th. Morgan Stanley set a $29.00 target price on Warner Bros. Discovery in a research note on Thursday, December 18th. Finally, Argus set a $28.00 price objective on Warner Bros. Discovery in a research note on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.08.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, CFO Gunnar Wiedenfels sold 242,994 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total value of $7,168,323.00. Following the completion of the transaction, the chief financial officer owned 918,940 shares in the company, valued at $27,108,730. This represents a 20.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lori C. Locke sold 5,000 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $27.62, for a total value of $138,100.00. Following the sale, the chief accounting officer directly owned 110,084 shares of the company’s stock, valued at approximately $3,040,520.08. This represents a 4.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 489,326 shares of company stock valued at $12,781,456. 1.90% of the stock is currently owned by corporate insiders.

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

About Warner Bros. Discovery

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.