Insider Selling: Netflix (NASDAQ:NFLX) CEO Sells $2,402,636.64 in Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Theodore Sarandos sold 27,312 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the completion of the sale, the chief executive officer directly owned 284,804 shares of the company’s stock, valued at $25,054,207.88. The trade was a 8.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $88.27 on Friday. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $371.70 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.13 and a beta of 1.55. The firm has a 50-day moving average of $95.44 and a two-hundred day moving average of $96.08.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same period in the prior year, the company earned $6.61 EPS. Netflix’s revenue was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, analysts expect that Netflix, Inc. will post 3.56 earnings per share for the current fiscal year.

Institutional Trading of Netflix

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Netflix by 0.4% during the third quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network’s stock worth $46,183,983,000 after purchasing an additional 142,238 shares during the period. Checchi Capital Advisers LLC boosted its position in Netflix by 875.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network’s stock worth $2,920,000 after purchasing an additional 27,951 shares during the period. Contravisory Investment Management Inc. boosted its position in Netflix by 837.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network’s stock worth $10,443,000 after purchasing an additional 99,496 shares during the period. Crew Capital Management Ltd boosted its position in Netflix by 1,021.9% during the fourth quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network’s stock worth $847,000 after purchasing an additional 8,226 shares during the period. Finally, BNC Wealth Management LLC boosted its position in Netflix by 991.3% during the fourth quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network’s stock worth $3,866,000 after purchasing an additional 37,451 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Sector/company buyback talk could provide support to the shares over time as buybacks reduce float and signal capital?return discipline. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Positive Sentiment: Some analyst pieces argue Netflix’s near term is “soft” but the bull case is stronger in H2 (timing of content, ad revenue cadence and margin improvements), which can support a recovery if execution meets expectations. Netflix’s First Half Is Soft. The Second Half Is Where the Bull Case Lives
• Neutral Sentiment: Warner Bros. Discovery reported a large one?time charge tied to a termination fee connected to the almost?acquisition saga (coverage highlights the fee and WBD’s resulting loss). This is an M&A accounting item in the wider media sector—relevant to Netflix’s cash/settlement story but not a recurring revenue signal. Warner Bros. Discovery Logs $2.92 Billion Loss Tied to Netflix Termination Fee
• Neutral Sentiment: Market commentary and technical analyses are mixed — some argue the post?earnings pullback is overdone while others point to continued volatility; these views temper but do not eliminate near?term downside risk. Is It Time To Reassess Netflix After Recent Share Price Weakness
• Negative Sentiment: Significant insider selling this week: CEO Greg Peters sold 27,312 shares (~$88.69 avg) and CFO Spencer Neumann sold 9,253 shares (~$88.95 avg) (SEC filings), plus other insider sales including a large, pre?arranged sale by co?founder Reed Hastings and a tax?related sale by David Hyman. Large, visible insider exits increase perceived supply pressure and amplify short?term selling. Gregory K. Peters Form 4 Spencer A. Neumann Form 4
• Negative Sentiment: Analyst/technical pressure — several notes and market comments point to clustered price targets under previous highs and resistance near ~$100, which, together with short positioning, helps explain intraday weakness. What’s Going On With Netflix Stock?

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $98.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, April 14th. JPMorgan Chase & Co. restated a “buy” rating on shares of Netflix in a report on Wednesday, April 22nd. Rothschild & Co Redburn set a $120.00 price objective on Netflix in a report on Wednesday, January 21st. Citizens Jmp restated a “market perform” rating on shares of Netflix in a report on Wednesday, April 15th. Finally, The Goldman Sachs Group upgraded Netflix from a “neutral” rating to a “buy” rating in a report on Monday, April 13th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $114.82.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.