American Politicians are Selling These 5 Stocks

3. Netflix Inc (NASDAQ:NFLX)

Number of Hedge Fund Investors: 89

Netflix Inc (NASDAQ:NFLX) is one of the stocks sold by American politicians this year. Republican Congressman Michael McCaul on March 25 sold a stake in Netflix Inc (NASDAQ:NFLX) worth between $250,000 to $500,000. Since then through April 24 Netflix Inc (NASDAQ:NFLX) shares have lost about 11% in value. This shows that Congressman McCaul’s sale of Netflix Inc (NASDAQ:NFLX) was prescient in hindsight. Over the past one year Netflix shares have gained about 68%.

Polen Focus Growth Strategy stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its first quarter 2024 investor letter:

“The top absolute contributors were Amazon, Netflix, Inc. (NASDAQ:NFLX), and Microsoft. Netflix is seeing robust subscriber growth from new users and from converting previous password borrowers into paying subscribers. Netflix remains the largest streaming company in the world and the only profitable one we are aware of so far.”