Rep. Cleo Fields (D-LA) Buys Netflix (NFLX) Stock

Cleo Fields, a Democratic Representative from Louisiana's 6th District, bought shares of Netflix, Inc. (NFLX) on September 14, 2026. The purchase was valued between $1,001 and $15,000. This transaction was reported on October 1, 2026.

Netflix, Inc. provides entertainment services worldwide, offering TV series, documentaries, feature films, and live programming across various genres. The company has a market cap of about $302.3 billion and is currently trading around $70.22, near its 52-week low of $65.08. This purchase by Fields reflects an interest in a leading player in the entertainment industry as the company continues to adapt to changing viewer preferences and technology.

Other Institutional Activity in Netflix, Inc.

BlackRock Inc. reported holding 348.8 million shares of Netflix, valued at approximately $24.5 billion, after a 0.7% increase in its stake. Vanguard Capital Management LLC also holds 275 million shares worth about $19.3 billion, having increased its position by 631,110 shares, reflecting a 0.2% growth. State Street Corporation increased its holdings by 8.5 million shares, bringing its total to 180.1 million shares valued at about $12.7 billion, a 4.9% increase. However, FMR, LLC reduced its stake by nearly 68.7 million shares, resulting in a total of 135.9 million shares worth about $9.6 billion, marking a 33.6% decrease. Invesco Ltd. grew its stake by nearly 3.9 million shares, totaling 135.4 million shares worth about $9.5 billion.

Netflix, Inc. Stock Down 0.5%

As of the published date, Netflix shares are trading at around $70.22, slightly below the previous close of $70.57. This price is closer to its 52-week low of $65.08 and well below its 52-week high of $124.86, indicating it may offer value to investors considering its historical performance.

Recent Earnings

In its latest earnings report, Netflix generated revenue of approximately $48.4 billion, reflecting a 13.4% growth year-over-year. The company's earnings per share (EPS) stands at $3.18, with a net margin of about 28.2%. The next earnings report is scheduled for October 20, 2026.

Analysts Set New Price Targets

On October 16, 2026, BMO Capital maintained an Outperform rating for Netflix, adjusting its price target from $135 to $125. Wedbush also maintained an Outperform rating with a new target of $90, down from $105. KeyBanc retained an Overweight rating, adjusting its target from $92 to $85, while Morgan Stanley maintained an Overweight rating with a target of $80, down from $83. The consensus from analysts shows a strong favorable outlook, with a mean price target of approximately $91.95 based on 45 opinions.

About Netflix, Inc.

Netflix, Inc., founded in 1997 and headquartered in Los Gatos, California, is a leader in the entertainment sector. The company offers a wide variety of streaming content, including popular TV shows and movies, to millions of subscribers globally. As it continues to expand its offerings and adapt to market trends, Netflix remains a significant player in the industry.

Bottom Line

Investors will be watching Netflix's next earnings report on October 20, 2026, as well as any future trades from Cleo Fields. Fields' recent purchase of Netflix shares adds to her previous investments, reflecting her interest in the tech and entertainment sectors. Remember that Fields's reported trades are based on the STOCK Act and provide a snapshot of her financial interests at that time.