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

Key Points

• Sen. Cory Booker sold $1,001–$15,000 of Netflix shares on August 11, according to a September 9 disclosure. He also sold shares of Amazon, McDonald’s, NVIDIA, Alnylam Pharmaceuticals and JD.com.
• Netflix shares opened at $77.40, while the company reported quarterly revenue of $12.56 billion, up 13.4% year over year, and earnings of $0.80 per share, slightly beating analysts’ estimates.
• Netflix’s outlook includes potential growth from advertising and longer theatrical releases, but faces risks from a Florida lawsuit over children’s data, possible regulatory costs and concerns about slowing demand momentum.

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 Netflix stock opened at $77.40 on Friday. The stock has a market cap of $322.29 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.07 and a beta of 1.53. The firm has a fifty day moving average price of $75.71 and a 200 day moving average price of $84.38. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $124.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The company's revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current year.

Key Stories 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

Insider Activity at Netflix

In related news, CFO Spencer Neumann sold 9,248 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the sale, the chief financial officer directly owned 73,787 shares of the company's stock, valued at approximately $5,592,316.73. This trade represents a 11.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the completion of the sale, the chief executive officer owned 120,931 shares in the company, valued at approximately $8,893,265.74. This trade represents a 18.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 215,035 shares of company stock valued at $15,922,139 over the last 90 days. Corporate insiders own 1.24% of the company's stock.

Hedge Funds Weigh In On Netflix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. California State Teachers Retirement System grew its stake in shares of Netflix by 7,028.2% in the 2nd quarter. California State Teachers Retirement System now owns 458,934,710 shares of the Internet television network's stock valued at $32,767,938,000 after buying an additional 452,496,424 shares during the period. BlackRock Inc. purchased a new stake in shares of Netflix during the 2nd quarter valued at approximately $24,902,221,000. State Street Corp lifted its holdings in Netflix by 927.6% in the fourth quarter. State Street Corp now owns 176,780,995 shares of the Internet television network's stock valued at $16,574,986,000 after acquiring an additional 159,578,053 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Netflix by 892.0% in the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network's stock valued at $9,305,336,000 after acquiring an additional 89,558,684 shares during the last quarter. Finally, Capital World Investors grew its position in Netflix by 859.1% in the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network's stock worth $8,376,656,000 after acquiring an additional 80,025,890 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NFLX shares. The Goldman Sachs Group lowered Netflix from an "underweight" rating to a "sell" rating in a research note on Monday, July 20th. DZ Bank reissued a "buy" rating on shares of Netflix in a research note on Monday, July 20th. President Capital decreased 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. Wells Fargo & Company set a $80.00 target price on shares of Netflix and gave the company an "equal weight" rating in a research report on Friday, July 17th. Finally, China Intl Cap upgraded shares of Netflix to a "strong-buy" rating in a research report on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.

Netflix Company Profile

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.

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