Netflix, Inc. (NASDAQ:NFLX – Get Free Report) CFO Spencer Neumann sold 9,253 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $66.15, for a total transaction of $612,085.95. Following the completion of the transaction, the chief financial officer owned 73,787 shares in the company, valued at approximately $4,881,010.05. This represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Spencer Adam Neumann also recently made the following trade(s):
- On Monday, August 10th, Spencer Neumann sold 9,248 shares of Netflix stock. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92.
Netflix Price Performance
Shares of NFLX opened at $65.56 on Friday. The company’s 50-day moving average is $71.36 and its 200-day moving average is $81.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $269.21 billion, a PE ratio of 18.95, a PEG ratio of 0.97 and a beta of 1.62. Netflix, Inc. has a fifty-two week low of $61.39 and a fifty-two week high of $116.73.
Netflix (NASDAQ:NFLX – Get Free Report) last announced its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, topping the consensus estimate of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The business had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. Netflix’s revenue was up 11.9% compared to the same quarter last year. Equities analysts forecast that Netflix, Inc. will post 3.59 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have recently commented on NFLX shares. Evercore reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Netflix in a research report on Wednesday, October 21st. Weiss Ratings cut Netflix from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Phillip Securities cut Netflix from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, October 23rd. Seaport Research Partners set a $85.00 price target on Netflix in a research note on Wednesday, October 21st. Finally, CLSA assumed coverage on Netflix in a research note on Monday, July 20th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.14.
Read Our Latest Research Report on Netflix
Institutional Trading of Netflix
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Three Bridge Wealth Advisors LLC purchased a new position in shares of Netflix in the third quarter worth $76,000. King Luther Capital Management Corp boosted its position in Netflix by 2.5% during the 3rd quarter. King Luther Capital Management Corp now owns 2,592,769 shares of the Internet television network’s stock valued at $180,405,000 after buying an additional 64,321 shares during the period. Spectrum Planning & Advisory Services Inc. purchased a new stake in Netflix during the 3rd quarter valued at $342,000. Capstone Wealth Management Group LLC purchased a new stake in Netflix during the 3rd quarter valued at $36,000. Finally, Maryland State Retirement & Pension System grew its holdings in Netflix by 12.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 253,849 shares of the Internet television network’s stock worth $17,663,000 after acquiring an additional 27,650 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.
Key Stories Impacting Netflix
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Investor Bill Ackman called Netflix “incredibly cheap” after its steep retreat from its 2025 high. The article also notes that year-over-year subscriber churn improved in the third quarter, a positive sign for retention. Article: Bill Ackman on Netflix valuation
- Positive Sentiment: Barry Diller argued that competitors cannot match Netflix simply by pursuing greater scale. That view reinforces the potential strength of Netflix’s existing position in streaming. Article: Barry Diller’s advice for Hollywood
- Neutral Sentiment: An insider sold 5,727 shares to cover tax withholding related to vested equity awards and retained 166,100 shares. The stated reason makes the sale less meaningful as a signal about the company’s outlook. SEC filing
- Negative Sentiment: Netflix’s third-quarter revenue growth cooled to 11.8%, and a one-time $2.8 billion termination fee boosted first-quarter earnings. The distinction between underlying performance and one-off gains may make investors more cautious about growth and earnings quality. Article: Netflix growth and earnings context
- Negative Sentiment: ETFs were net sellers of Netflix shares on November 3, totaling $13.1 million in net sales. This suggests some near-term institutional selling pressure, though the amount alone does not establish a broader shift in sentiment. Article: ETFs are net sellers of Netflix
About Netflix
Netflix, Inc is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand.
Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.
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