Sen. Cory A. Booker Sells Off Netflix, Inc. (NASDAQ:NFLX) Stock

Senator Cory A. Booker (Democratic-New Jersey) recently sold shares of Netflix, Inc. (NASDAQ:NFLX). In a filing disclosed on September 09th, the Senator disclosed that they had sold between $1,001 and $15,000 in Netflix stock on August 11th.

Senator Cory A. Booker also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of McDonald’s (NYSE:MCD) on 8/11/2026.
• Sold $15,001 – $50,000 in shares of NVIDIA (NASDAQ:NVDA) on 8/11/2026.
• Sold $1,001 – $15,000 in shares of Alnylam Pharmaceuticals (NASDAQ:ALNY) on 8/11/2026.
• Sold $1,001 – $15,000 in shares of JD.com (NASDAQ:JD) on 8/11/2026.
• Sold $100,001 – $250,000 in shares of Amazon.com (NASDAQ:AMZN) on 8/11/2026.

Netflix Trading Up 1.8%

Shares of NASDAQ:NFLX traded up $1.39 during trading on Friday, reaching $77.40. The stock had a trading volume of 22,198,511 shares, compared to its average volume of 26,028,632. The firm’s fifty day moving average is $75.71 and its 200 day moving average is $84.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $124.86. The stock has a market cap of $322.29 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 1.07 and a beta of 1.53.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The firm had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. During the same period last year, the company posted $0.72 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Netflix

Large investors have recently added to or reduced their stakes in the business. Shepherd Street Advisors LLC purchased a new position in shares of Netflix in the 4th quarter worth approximately $2,216,000. University of Texas Texas AM Investment Management Co. lifted its holdings in Netflix by 798.5% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 42,542 shares of the Internet television network’s stock worth $3,989,000 after acquiring an additional 37,807 shares during the period. New Mexico Educational Retirement Board boosted its position in Netflix by 900.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 192,210 shares of the Internet television network’s stock worth $18,022,000 after purchasing an additional 172,989 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Netflix by 25.0% during the 1st quarter. Ritholtz Wealth Management now owns 106,451 shares of the Internet television network’s stock valued at $10,235,000 after purchasing an additional 21,260 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Netflix by 797.3% during the 4th quarter. Natixis Advisors LLC now owns 4,989,919 shares of the Internet television network’s stock worth $467,854,000 after purchasing an additional 4,433,837 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the sale, the chief executive officer owned 120,931 shares of the company’s stock, valued at approximately $8,893,265.74. The trade was a 18.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Neumann sold 9,248 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total value of $700,905.92. Following the completion of the transaction, the chief financial officer owned 73,787 shares in the company, valued at approximately $5,592,316.73. The trade was a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 215,035 shares of company stock worth $15,922,139 in the last ninety days. Corporate insiders own 1.24% of the company’s stock.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is benefiting from strong digital viewing and higher content consumption, supporting the broader outlook for broadcast, television and streaming companies. Broadcast and TV industry outlook
• Positive Sentiment: The company plans longer theatrical releases for six upcoming films and will report their box-office revenue, potentially creating an additional monetization channel and improving the economics of its film business. Netflix theatrical release strategy
• Positive Sentiment: Analysts continue to highlight Netflix’s advertising-tier potential, with one forecast calling for advertising revenue to surpass $6 billion in 2027. This would support growth beyond subscriptions if execution meets expectations.
• Neutral Sentiment: Options-market activity has attracted attention, but the available report does not identify a clear bullish or bearish positioning signal. Netflix options activity
• Neutral Sentiment: Director Richard Barton sold 720 shares worth about $54,194 under a pre-arranged Rule 10b5-1 plan. The relatively small, scheduled transaction offers limited insight into management’s current outlook. Netflix director stock sale
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day short ratio, an apparently inconsistent figure that provides no meaningful trading signal.
• Negative Sentiment: Florida sued Netflix for billions, alleging that it misled families and tracked children’s data for advertising. The case could create legal costs, reputational damage and uncertainty around the economics of the company’s fastest-growing advertising business. Florida lawsuit over Netflix children’s data
• Negative Sentiment: Recent commentary raised concerns about a weak second-quarter outlook and slowing demand momentum compared with some major media competitors. Netflix outlook concerns
• Negative Sentiment: A poll found that most Canadians support requiring streaming services to fund local content, signaling possible additional production obligations and regulatory costs for Netflix in Canada. Canadian streaming regulation

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. New Street Research boosted their price target on Netflix from $96.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Wells Fargo & Company set a $80.00 price objective on shares of Netflix and gave the company an “equal weight” rating in a research note on Friday, July 17th. China Renaissance dropped their target price on shares of Netflix from $100.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, July 17th. Seaport Research Partners cut shares of Netflix from a “buy” rating to a “neutral” rating in a report on Monday, July 20th. Finally, President Capital dropped their price objective on shares of Netflix from $134.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $96.65.

About Senator Booker

Cory Booker (Democratic Party) is a member of the U.S. Senate from New Jersey. He assumed office on October 31, 2013. His current term ends on January 3, 2027. Booker (Democratic Party) ran for re-election to the U.S. Senate to represent New Jersey. He won in the general election on November 3, 2020. Booker also ran for election for President of the United States. He did not appear on the ballot for the Democratic convention on August 18, 2020. Booker announced that he was running for president of the United States on February 1, 2019. He suspended his presidential campaign on January 13, 2020. Before being elected to the Senate, Booker served as the 36th mayor of Newark. He also served on the Newark City Council for the Central Ward. In September 2017, he was rated the third most liberal senator based on his voting record, according to The New York Times. Booker was born in 1969 in Washington, D.C., and grew up in Harrington Park, New Jersey. He attended Stanford University on a varsity football scholarship, receiving a B.A. in 1991 and an M.A. in 1992. Booker was a Rhodes Scholar at the University of Oxford, where he earned a graduate degree in history in 1994. He then attended Yale Law School, graduating with a J.D. in 1997. After completing his education, Booker moved into a public housing project in Newark, New Jersey, became a tenant organizer, and founded a nonprofit that provided legal assistance to low-income families. He was elected to the Newark City Council in 1998 and served there until 2002, when he ran unsuccessfully for mayor. The same year, he became a partner at Booker, Rabinowitz, Trenk, Lubetkin, Tully, DiPasquale & Webster. In 2006, Booker ran again for mayor of Newark and was elected with 72% of the vote. He served as mayor until 2013. On October 16, 2013, Booker won a special election to the U.S. Senate after the death of Sen. Frank Lautenberg (D). Booker was re-elected to the U.S. Senate on November 4, 2014. In 2016, Booker published a memoir titled United: Thoughts on Finding Common Ground and Advancing the Common Good.

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.