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

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 Stock Up 1.8%

Shares of NASDAQ NFLX traded up $1.39 during mid-day trading on Friday, hitting $77.40. The company had a trading volume of 22,198,511 shares, compared to its average volume of 26,028,632. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm has a 50-day simple moving average of $75.71 and a two-hundred day simple moving average of $84.38. The company has a market capitalization of $322.29 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.09 and a beta of 1.53. Netflix, Inc. has a one year low of $65.08 and a one year high of $124.86.

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

Hedge Funds Weigh In On Netflix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in Netflix by 7,028.2% during the second quarter. California State Teachers Retirement System now owns 458,934,710 shares of the Internet television network’s stock worth $32,767,938,000 after buying an additional 452,496,424 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Netflix in the 2nd quarter valued at approximately $24,902,221,000. State Street Corp lifted its holdings in shares of Netflix by 927.6% during the 4th quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock worth $16,574,986,000 after acquiring an additional 159,578,053 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Netflix by 892.0% during the 4th quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock worth $9,305,336,000 after acquiring an additional 89,558,684 shares during the period. Finally, Capital World Investors boosted its position in shares of Netflix by 859.1% during the 4th 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 in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix News Roundup

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

Insiders Place Their Bets

In other Netflix news, insider David Hyman sold 5,723 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total transaction of $416,920.55. Following the completion of the transaction, the insider directly owned 316,100 shares in the company, valued at $23,027,885. The trade was a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Neumann sold 9,248 shares of the firm’s stock in a transaction 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 sale, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 215,035 shares of company stock valued at $15,922,139 over the last three months. 1.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NFLX. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, August 20th. New Street Research lifted their price target on Netflix from $96.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Jefferies Financial Group reduced their price target on Netflix from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, July 17th. HSBC lowered their price objective on Netflix from $104.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. Finally, Robert W. Baird set a $90.00 target price on shares of Netflix and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.

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.