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Director Levy Anton J. purchased shares of Warner Bros. Discovery Inc (NASDAQ:WBD) on August 11 and 12, according to a Form 4 filing with the Securities and Exchange Commission. The timing is notable as the stock has declined over 12% in the past week, currently trading at $11.22.
The transactions involved the purchase of Warner Bros. Discovery Series A Common Stock. On August 11, Levy bought 250,000 shares in multiple transactions at prices ranging from $10.86 to $10.96, for a total value of $2,725,000. Following this, on August 12, Levy acquired another 75,000 shares at prices between $10.92 and $11.04, amounting to $825,000.
Following these transactions, Levy Anton J. directly owns 949,000 shares of Warner Bros. Discovery, Inc.
In other recent news, Warner Bros. Discovery reported its Q2 2025 earnings, which showed a significant revenue beat but a miss in earnings per share (EPS). The company posted revenue of $9.81 billion, exceeding the forecast of $9.73 billion. However, the EPS was $0.63, falling short of the expected $0.25, resulting in a substantial surprise of -352%. Additionally, CFRA raised its price target for Warner Bros. Discovery from $13 to $14 while maintaining a Hold rating. The research firm highlighted the company’s plan to restructure into two separate entities by 2026 as a positive move for shareholder value. CFRA’s valuation approach uses a forward TEV/EBITDA multiple of 7.3x, aligning with peers in the legacy linear network space. These developments reflect the company’s ongoing strategic adjustments and market performance.
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