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

Key Points

• Netflix CEO Theodore Sarandos sold 27,312 shares for about $1.81 million at an average price of $66.20, reducing his direct stake by 13.24%. The sale covered tax withholding obligations tied to vested equity awards.
• Netflix shares recently traded at $65.56, near their one-year low of $61.39 and well below the 50- and 200-day moving averages. The company reported quarterly EPS of $0.87, beating estimates, while revenue of $12.87 billion matched expectations and grew 11.9% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $89.14; recent target cuts included Wedbush’s reduction to $90 and Piper Sandler’s to $78.

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CEO Theodore Sarandos sold 27,312 shares of Netflix stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $66.20, for a total value of $1,808,054.40. Following the sale, the chief executive officer directly owned 178,954 shares in the company, valued at $11,846,754.80. This trade represents a 13.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $0.83 during midday trading on Thursday, reaching $65.56. 49,884,912 shares of the company were exchanged, compared to its average volume of 46,047,688. 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 business's fifty day moving average is $71.36 and its two-hundred day moving average is $81.09. Netflix, Inc. has a one year low of $61.39 and a one year high of $116.73. The stock has a market cap of $269.21 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 0.97 and a beta of 1.62.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly 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 for the quarter, compared to analysts' expectations of $12.87 billion. During the same quarter in the previous year, the company earned $0.59 EPS. The business's quarterly revenue was up 11.9% compared to the same quarter last year. As a group, analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NFLX. Clal Insurance Enterprises Holdings Ltd bought a new stake in Netflix in the second quarter worth $26,000. Pathway Financial Advisers LLC purchased a new position in Netflix during the third quarter worth $26,000. Sawyer & Company Inc bought a new position in Netflix during the third quarter valued at $27,000. Compound Global Advisors LLC bought a new position in Netflix during the second quarter valued at $29,000. Finally, Burnham & Co LLC bought a new position in Netflix during the second quarter valued at $29,000. Institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NFLX shares. Wedbush cut their price target on Netflix from $105.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, October 16th. Piper Sandler reaffirmed an "overweight" rating and set a $78.00 price objective (down from $85.00) on shares of Netflix in a report on Wednesday, October 21st. Jefferies Financial Group set a $85.00 price objective on Netflix and gave the stock a "buy" rating in a report on Thursday, October 15th. DZ Bank reiterated a "buy" rating on shares of Netflix in a research report on Monday, July 20th. Finally, Rosenblatt Securities set a $71.00 target price on shares of Netflix and gave the company a "neutral" rating in a report on Wednesday, October 21st. Two 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.14.

More 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

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.

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