Netflix (NASDAQ:NFLX) Director Sells $37,955,131.50 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Reed Hastings sold 407,550 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $93.13, for a total value of $37,955,131.50. Following the sale, the director directly owned 3,940 shares in the company, valued at $366,932.20. This represents a 99.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Reed Hastings also recently made the following trade(s):

• On Wednesday, April 1st, Reed Hastings sold 420,550 shares of Netflix stock. The shares were sold at an average price of $95.49, for a total value of $40,158,319.50.
• On Monday, March 2nd, Reed Hastings sold 410,550 shares of Netflix stock. The shares were sold at an average price of $97.01, for a total value of $39,827,455.50.

Netflix Stock Performance

NFLX opened at $88.27 on Thursday. The firm has a market cap of $371.69 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 1.13 and a beta of 1.55. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The business’s fifty day moving average is $95.24 and its 200-day moving average is $96.30.

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

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix received a roughly $2.8 billion termination payment tied to the Warner/Paramount deal — a sizable one‑time cash inflow that improves near‑term cash and likely produces a reported gain (a clear positive catalyst). Warner Bros. Discovery Logs $2.92 Billion Loss Tied to Netflix Termination Fee
• Positive Sentiment: Market coverage highlights Netflix among consumer‑discretionary names linked to buyback talk — buyback capacity or repurchases would support the stock if management pursues them. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Neutral Sentiment: Analyst/strategy pieces note Netflix’s first half may be soft but argue the bull case centers on a stronger second half — useful context but not an immediate price mover. Netflix’s First Half Is Soft. The Second Half Is Where the Bull Case Lives
• Neutral Sentiment: Broader sector moves: Disney’s strong quarter is drawing investor attention away from peers; relative outperformance at DIS is a sector signal to monitor but doesn’t directly change Netflix fundamentals. Disney Stock Is Up 8% Today
• Negative Sentiment: Significant insider selling: director Reed Hastings sold ~407,550 shares (10b5‑1 plan) and CEO/other insiders also disclosed sales — large planned sales increase supply and can pressure sentiment even if pre‑arranged or tax‑related. Top Netflix Insiders Cash Out
• Negative Sentiment: Technical/analyst pressure: notes of key resistance around $100, lower near‑term price targets and trader commentary (including a technical call that NFLX could retest $75) are contributing to selling momentum. What’s Going On With Netflix Stock Tuesday?

Institutional Trading of Netflix

Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. Imprint Wealth LLC bought a new stake in shares of Netflix in the third quarter worth $25,000. Bare Financial Services Inc grew its position in shares of Netflix by 93.3% in the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock valued at $35,000 after buying an additional 14 shares during the last quarter. Horizon Financial Services LLC increased its stake in shares of Netflix by 480.0% in the third quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock valued at $35,000 after buying an additional 24 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in Netflix during the 3rd quarter valued at approximately $36,000. Finally, Marquette Asset Management LLC bought a new position in Netflix during the 3rd quarter worth approximately $44,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several analyst reports. William Blair reiterated an “outperform” rating on shares of Netflix in a research report on Wednesday, January 21st. BMO Capital Markets lowered their price objective on shares of Netflix from $143.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. Guggenheim set a $120.00 target price on Netflix and gave the stock a “buy” rating in a research note on Friday, April 17th. Robert W. Baird reduced their target price on Netflix from $150.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Finally, Citigroup assumed coverage on Netflix in a research note on Thursday, April 16th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, 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.