Netflix (NASDAQ:NFLX) CEO Theodore Sarandos Sells 27,312 Shares of Company Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Theodore Sarandos sold 27,312 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $66.20, for a total transaction of $1,808,054.40. Following the completion of the sale, the chief executive officer directly owned 178,954 shares in the company, valued at approximately $11,846,754.80. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Netflix Stock Performance

NASDAQ:NFLX opened at $65.56 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $71.36 and a two-hundred day moving average price of $81.09. Netflix, Inc. has a twelve month low of $61.39 and a twelve month high of $116.73. The company has a market capitalization of $269.21 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 0.97 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. The company had revenue of $12.87 billion for the quarter, compared to the consensus estimate of $12.87 billion. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 earnings per share. As a group, research analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on NFLX. HSBC lowered Netflix from a “buy” rating to a “hold” rating and reduced their target price for the company from $96.00 to $76.00 in a research note on Tuesday, September 22nd. New Street Research raised their price target on Netflix from $96.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Guggenheim dropped their price target on Netflix from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 21st. Evercore reissued an “outperform” rating and issued a $90.00 price target on shares of Netflix in a report on Wednesday, October 21st. Finally, Daiwa Securities Group reduced their price objective on Netflix from $102.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.14.

Key Netflix News

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

Hedge Funds Weigh In On Netflix

Hedge funds have recently made changes to their positions in the stock. Three Bridge Wealth Advisors LLC acquired a new position in shares of Netflix during the third quarter worth approximately $76,000. King Luther Capital Management Corp boosted its position in shares of Netflix by 2.5% in the third 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 acquiring an additional 64,321 shares during the period. Spectrum Planning & Advisory Services Inc. bought a new stake in shares of Netflix in the third quarter valued at approximately $342,000. Capstone Wealth Management Group LLC bought a new stake in shares of Netflix in the third quarter valued at approximately $36,000. Finally, Maryland State Retirement & Pension System grew its stake in shares of Netflix by 12.2% in the third 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.

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.