Netflix (NASDAQ:NFLX) CFO Sells $612,085.95 in Stock

Key Points

• Netflix CFO Spencer Neumann sold 9,253 shares for about $612,086, reducing his direct holdings by 11.14%. The sale covered tax withholding obligations tied to vested equity awards.
• Netflix reported quarterly EPS of $0.87, above the $0.82 analyst consensus, while revenue rose 11.9% year over year to $12.87 billion.
• The stock traded at $65.56, below its 50-day and 200-day moving averages. Analysts’ average rating was “Moderate Buy,” with an average price target of $89.14.

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CFO Spencer Neumann sold 9,253 shares of Netflix stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $66.15, for a total transaction of $612,085.95. Following the transaction, the chief financial officer directly owned 73,787 shares of the company's stock, valued at approximately $4,881,010.05. This trade represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spencer Adam Neumann also recently made the following trade(s):

• On Monday, August 10th, Spencer Neumann sold 9,248 shares of Netflix stock. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92.

Netflix Stock Performance

NASDAQ NFLX traded down $0.83 during mid-day trading on Thursday, reaching $65.56. 49,884,912 shares of the stock were exchanged, compared to its average volume of 46,047,688. The business's 50 day moving average is $71.36 and its 200-day moving average is $81.09. Netflix, Inc. has a 1 year low of $61.39 and a 1 year high of $116.73. The company has a market capitalization of $269.21 billion, a P/E ratio of 22.66, a P/E/G ratio of 0.97 and a beta of 1.62. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The company had revenue of $12.87 billion during the quarter, compared to analysts' expectations of $12.87 billion. During the same quarter in the previous year, the company earned $0.59 earnings per share. The firm's revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Capital Advisory LLC raised its holdings in Netflix by 0.8% in the 1st quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network's stock valued at $1,345,000 after acquiring an additional 109 shares during the last quarter. Warner Group LLC boosted its holdings in shares of Netflix by 2.2% during the 1st quarter. Warner Group LLC now owns 5,230 shares of the Internet television network's stock worth $503,000 after purchasing an additional 114 shares during the last quarter. Financial Avengers Inc. boosted its holdings in shares of Netflix by 9.8% during the 1st quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network's stock worth $124,000 after purchasing an additional 115 shares during the last quarter. UNIVEST FINANCIAL Corp grew its position in shares of Netflix by 0.5% in the first quarter. UNIVEST FINANCIAL Corp now owns 27,315 shares of the Internet television network's stock valued at $2,626,000 after purchasing an additional 128 shares in the last quarter. Finally, Granite Bay Wealth Management LLC increased its holdings in shares of Netflix by 5.8% in the first quarter. Granite Bay Wealth Management LLC now owns 2,365 shares of the Internet television network's stock valued at $227,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NFLX shares. UBS Group set a $90.00 target price on Netflix in a research report on Wednesday, October 21st. China Renaissance reduced their price target on Netflix from $100.00 to $80.00 and set a "hold" rating for the company in a report on Friday, July 17th. BMO Capital Markets reiterated an "outperform" rating and set a $125.00 price target (down from $135.00) on shares of Netflix in a research report on Friday, October 16th. KGI Securities lowered Netflix from an "outperform" rating to a "neutral" rating and set a $75.00 price objective on the stock. in a report on Friday, July 17th. Finally, China Intl Cap upgraded Netflix to a "strong-buy" rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $89.14.

Netflix News Roundup

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

Netflix Company Profile

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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