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

Key Points

• Theodore Sarandos sold 27,312 Netflix shares on May 5 at an average price of $87.97 for roughly $2.40 million, reducing his stake by 8.75% to 284,804 shares; the sale was made to cover tax withholding on vested equity awards.
• Despite a strong quarter (Q1 EPS $1.23 vs. $0.76 estimate; revenue $12.25B, +16.2% YoY), Netflix shares traded near $87.89 amid heavy insider selling (co‑founder Reed Hastings sold 407,550 shares) and mixed near‑term sentiment, while analysts maintain a consensus target around $114.82.

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CEO Theodore Sarandos sold 27,312 shares of the firm's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total value of $2,402,636.64. Following the completion of the transaction, the chief executive officer directly owned 284,804 shares of the company's stock, valued at $25,054,207.88. The trade was a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Netflix Price Performance

NASDAQ NFLX traded down $3.13 during mid-day trading on Tuesday, hitting $87.89. The stock had a trading volume of 51,663,411 shares, compared to its average volume of 47,283,949. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The company has a market cap of $370.09 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 1.18 and a beta of 1.55. The company has a 50 day simple moving average of $94.81 and a 200 day simple moving average of $96.77. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same period last year, the business posted $6.61 EPS. Netflix's quarterly revenue was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities analysts forecast 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: Company and sector buyback talk — Netflix is listed among consumer-discretionary names adding buyback capacity, which could provide support to the share price over time. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Positive Sentiment: Partnership news with theaters (mentioned in coverage of AMC) is attracting investor interest and signals distribution/collaboration opportunities that may boost content reach. Why Is AMC Entertainment Stock Surging On Tuesday?
• Neutral Sentiment: Market commentary argues some post-earnings reactions are “unfair” and that longer-term fundamentals remain strong, which tempers short-term pessimism but may not stop volatility. Microsoft and 11 More Stocks That Were Unfairly Punished After Earnings
• Neutral Sentiment: Analysis pieces suggest Netflix may be technically positioned for another leg higher, but the commentary coexists with today’s weakness — signalling mixed near-term momentum. Streaming Stock Looks Positioned for Next Leg Higher
• Neutral Sentiment: Feature write-ups about Netflix’s strategic choices (what it learned from an almost-acquisition) provide useful context on capital allocation and strategy but are unlikely to move the stock immediately. What Did Netflix Learn From the Almost-Acquisition of a Major Rival?
• Negative Sentiment: Large insider selling — co-founder/director Reed Hastings sold 407,550 shares under a 10b5-1 plan (average price ~$93), a high-value transaction that can be read as supply pressure even though it was pre‑arranged. Reed Hastings Sells 407,550 Shares of Netflix Stock
• Negative Sentiment: Analyst/technical pressure — coverage notes price targets clustered below earlier highs and a key resistance near $100; that, combined with shorts/positioning, helps explain the intraday drop. Benzinga’s market note cites the $114 target but emphasizes resistance and the current decline. What's Going On With Netflix Stock Tuesday?

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. First Financial Corp IN boosted its position in Netflix by 900.0% during the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock worth $25,000 after purchasing an additional 243 shares during the period. DiNuzzo Private Wealth Inc. lifted its stake in shares of Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock worth $25,000 after purchasing an additional 239 shares in the last quarter. Turning Point Benefit Group Inc. lifted its stake in shares of Netflix by 13,400.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock worth $25,000 after purchasing an additional 268 shares in the last quarter. Imprint Wealth LLC purchased a new stake in shares of Netflix in the third quarter worth about $25,000. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of Netflix in the fourth quarter worth about $26,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Ratings Changes

NFLX has been the subject of several research analyst reports. Wolfe Research reaffirmed an "outperform" rating and issued a $107.00 price objective on shares of Netflix in a research note on Friday, April 17th. New Street Research raised their price objective on Netflix from $96.00 to $102.00 in a research note on Friday, April 17th. Cfra upgraded Netflix from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a report on Friday, March 6th. Rosenblatt Securities lowered their target price on Netflix from $96.00 to $95.00 and set a "neutral" rating on the stock in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. reiterated a "buy" rating on shares of Netflix in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $114.82.

About Netflix

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.

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