Netflix co-CEO Gregory Peters sells $2m in shares
On August 6, 2026, Netflix Co-CEO Gregory K. Peters sold 27,312 shares of the company's common stock, totaling roughly $2 million. The shares were sold at a price between $73.54 and $73.56 per share, with an average sale price of $73.543. Following the sale, Mr. Peters owned 120,931 shares of Netflix common stock. The transaction occurred as Netflix's stock price was trading at $78.16, a rise from the sale price, though it remains down 16.6% year-to-date and 37% over the past year.
Despite this, InvestingPro analysis indicates the stock is potentially undervalued, with a P/E ratio of 24.61 and a PEG ratio of 0.67. The streaming giant is also trading at a low P/E ratio relative to anticipated earnings growth, though 21 analysts have revised earnings downward for the upcoming period. Netflix is currently exploring financial opportunities, including returning to the US high-grade bond market for the first time since its initial bond issuance two years ago.
The company aims to sell notes due in 2036 to repay debt maturing later in the year and fund other expenses. Analysts remain divided on Netflix's future performance, with some maintaining bullish ratings while others downgraded earnings expectations.
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