Netflix (NASDAQ:NFLX) Stock Price Down 1.1% – Here’s What Happened

Posted by Francis Steltz on Jun 12th, 2026

Shares of Netflix, Inc. (NASDAQ:NFLX – Get Free Report) were down 1.1% during mid-day trading on Friday . The stock traded as low as $79.28 and last traded at $80.34. Approximately 35,202,940 shares were traded during trading, a decline of 20% from the average daily volume of 44,144,395 shares. The stock had previously closed at $81.27.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

Positive Sentiment: Jim Cramer said he “wants to buy Netflix,” which may reinforce bullish investor sentiment around the stock despite broader weakness in tech. Jim Cramer Says “I Want to Buy Netflix”
Positive Sentiment: Several recent articles highlight upside potential, with Wall Street price targets implying meaningful gains from current levels and some analysts maintaining Buy ratings on Netflix. Mahaney Reiterates Buy on Netflix, Maintains $115 Price Target Amid Ad-Tier and International Expansion Upside
Positive Sentiment: Long-term growth narratives remain intact, including Omdia’s forecast that Netflix could reach nearly 400 million subscribers by 2031, underscoring its global scale advantage. Omdia: Netflix to Reach 400 Million Subscribers by 2031, Maintaining Global Streaming Lead Despite Industry Consolidation
Neutral Sentiment: Netflix is expanding engagement through gaming, including a FIFA World Cup video game exclusive for subscribers, which supports retention but is still an early-stage growth initiative. FIFA Deal Tests How Netflix Uses Games To Deepen Subscriber Engagement
Negative Sentiment: Some analysts have cut price targets, saying Netflix lacks near-term catalysts to reaccelerate the stock, which is likely weighing on shares. Netflix Stock Gets Price-Target Cut On Lack Of Catalysts
Negative Sentiment: The stock has also been dragged down since the last earnings report as investors focus on slower momentum and skepticism about what can drive the next leg higher. Here’s What Dragging Netflix (NFLX) Down

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NFLX shares. Deutsche Bank Aktiengesellschaft lifted 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. Barclays set a $110.00 price target on shares of Netflix and gave the company an “equal weight” rating in a report on Friday, April 17th. Phillip Securities lifted their price target on shares of Netflix from $100.00 to $110.00 in a report on Monday, April 20th. HSBC lifted their price target on shares of Netflix from $106.00 to $114.00 and gave the company a “buy” rating in a report on Friday, April 10th. Finally, Oppenheimer set a $120.00 price target on shares of Netflix and gave the company an “outperform” rating in a report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.39.

Check Out Our Latest Stock Report on NFLX

Netflix Stock Performance

The company has a market capitalization of $338.30 billion, a P/E ratio of 25.95, a P/E/G ratio of 1.04 and a beta of 1.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The stock’s 50 day simple moving average is $91.23 and its two-hundred day simple moving average is $91.19.

Netflix (NASDAQ:NFLX – Get Free Report) last announced its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping 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 previous year, the firm posted $6.61 earnings per share. The company’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, research analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Reed Hastings sold 420,550 shares of Netflix stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the completion of the sale, the director owned 3,940 shares in the company, valued at $376,230.60. The trade was a 99.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,722 shares of Netflix stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total transaction of $503,993.76. Following the sale, the insider owned 316,100 shares of the company’s stock, valued at approximately $27,842,088. This represents a 1.78% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 1,313,029 shares of company stock valued at $120,315,776. Insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several institutional investors have recently modified their holdings of the business. Militia Capital Management LLC acquired a new stake in shares of Netflix during the 1st quarter worth approximately $590,000. FAS Wealth Partners Inc. grew its position in shares of Netflix by 2.7% during the 1st quarter. FAS Wealth Partners Inc. now owns 12,140 shares of the Internet television network’s stock worth $1,167,000 after buying an additional 320 shares during the period. Rathbones Group PLC grew its position in shares of Netflix by 53.7% during the 1st quarter. Rathbones Group PLC now owns 1,266,693 shares of the Internet television network’s stock worth $121,793,000 after buying an additional 442,520 shares during the period. Robinswood Financial LLC acquired a new stake in shares of Netflix during the 1st quarter worth approximately $62,000. Finally, Pine Valley Investments Ltd Liability Co grew its position in shares of Netflix by 35.3% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 68,837 shares of the Internet television network’s stock worth $6,619,000 after buying an additional 17,964 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Company Profile

(Get Free Report)

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.