Netflix (NASDAQ:NFLX) CEO Gregory Peters Sells 27,312 Shares

Netflix, Inc. (NASDAQ:NFLX) CEO Gregory Peters sold 27,312 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the sale, the chief executive officer directly owned 120,931 shares in the company, valued at $10,725,370.39. This represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Netflix Stock Performance

NFLX traded up $0.00 during midday trading on Thursday, hitting $88.27. 30,519,364 shares of the company were exchanged, compared to its average volume of 47,032,965. The company’s 50 day simple moving average is $95.24 and its 200 day simple moving average is $96.30. The firm has a market capitalization of $371.70 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 1.13 and a beta of 1.55. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12.

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

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Buyback/bullish framing — Coverage grouping Netflix with other consumer?discretionary names discussing buybacks may provide support to the stock over time as buybacks reduce float and signal management confidence. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Positive Sentiment: Second?half recovery thesis — Research notes (TipRanks) argue the first half looks soft but that the bull case centers on stronger second?half revenue/earnings, giving holders a path to upside if execution improves. Netflix’s (NFLX) First Half Is Soft. The Second Half Is Where the Bull Case Lives
• Neutral Sentiment: Valuation/technical reassessment pieces — Several writeups (Yahoo, 247WallSt) urge investors to reassess fair value after recent pullbacks; these are more interpretive than news-driving, so they temper sentiment but don’t force immediate moves. Is It Time To Reassess Netflix (NFLX) After Recent Share Price Weakness
• Neutral Sentiment: Sector/peer dynamics — Disney’s stronger-than-expected results have pushed streaming peers into comparative focus; this can magnify moves in NFLX but is not a Netflix-specific catalyst. Disney Stock Is Up 8% Today: Is It Outperforming Other Streaming Stocks Like Netflix and Warner Bros. Discovery?
• Negative Sentiment: Large insider sales — Multiple filings show big pre?arranged sales (Reed Hastings, CEO Ted Sarandos and others) that increase near?term supply and are being read by some traders as a negative signal, despite explanations that sales were to cover taxes/10b5?1 plans. Top Netflix Insiders Cash Out in Major Stock Move
• Negative Sentiment: Technical/analyst pressure — Several market notes point to price targets clustered below prior highs and technical resistance near ~$100; that resistance plus positioning and short interest helps explain intraday weakness. What’s Going On With Netflix Stock Tuesday?
• Negative Sentiment: M&A/accounting headlines in the sector — Big headlines about Warner Bros. Discovery booking a ~$2.8B loss tied to a termination fee have created sector noise; that M&A fallout is depressing sentiment for media stocks generally even if Netflix itself is not directly impaired. Warner Bros. Discovery Q1 Earnings Miss Estimates, Revenues Fall Y/Y

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Vanguard Group Inc. boosted its stake in Netflix by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network’s stock worth $46,183,983,000 after acquiring an additional 142,238 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in Netflix by 875.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network’s stock worth $2,920,000 after acquiring an additional 27,951 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in Netflix by 837.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network’s stock worth $10,443,000 after acquiring an additional 99,496 shares during the last quarter. Crew Capital Management Ltd boosted its stake in Netflix by 1,021.9% during the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network’s stock worth $847,000 after acquiring an additional 8,226 shares during the last quarter. Finally, BNC Wealth Management LLC lifted its stake in Netflix by 991.3% in the fourth quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network’s stock valued at $3,866,000 after buying an additional 37,451 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NFLX has been the topic of a number of analyst reports. Daiwa Securities Group raised their target price on Netflix from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Arete Research upgraded Netflix from a “neutral” rating to a “buy” rating in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft raised their target price on Netflix from $98.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, April 14th. Wolfe Research restated an “outperform” rating and set a $107.00 target price on shares of Netflix in a research report on Friday, April 17th. Finally, Piper Sandler restated an “overweight” rating and set a $115.00 target price (up from $103.00) on shares of Netflix in a research report on Friday, April 17th. Two equities research 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.82.

Netflix Company Profile

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.