One member of Congress has been buying Netflix Inc. (NASDAQ:NFLX) shares in larger amounts than other members over the last year. With the streaming company hitting a two-year low for its shares Wednesday, here’s a look at the current losses.
Cleo Fields Bets Big on Netflix
If one member of Congress is most hurt by the drop in Netflix’s stock price, it’s Rep. Cleo Fields (D-La.). The congressman has bought Netflix stock eight times since November, according to the Benzinga Government Trades page.
Here are the purchases and the price of Netflix stock on that day:
- Nov. 3, 2025: $100,000 to $250,000, $107.51 to $113.35
- Nov. 3, 2025: $100,000 to $250,000, $107.51 to $113.35
- Nov. 20, 2025: $100,000 to $250,000, $105.39 to $111.10
- Nov. 20, 2025: $100,000 to $250,000, $105.39 to $111.10
- Dec. 3, 2025: $1,000 to $15,000, $102.03 to $106.87
- Dec. 3, 2025: $1,000 to $15,000, $102.03 to $106.87
- Jan. 20, 2026: $50,000 to $100,000, $87.02 to $89.90
- Sept. 14, 2026: $1,000 to $15,000, $78.49 to $81.02
Assuming Fields spent the maximum amount each time and bought shares at the highest price, he would have 10,489.74 NFLX shares.
He would have spent a total of $1,145,000 on those Netflix shares.
Today, with shares valued at $65.17, the stake would be worth $683,619.61.
That’s a loss of $461,380.39, or 2.65 times the annual congressional salary of $174,000.
Donalds Also Loses on Netflix Stock
Fields isn’t the only one to be down on Netflix stock among members of Congress.
Rep. Byron Donalds (R-Fla.), who is running for governor in Florida, bought the stock four times from March through August this year.
Donalds’ purchases, totaling up to $60,000, came as shares traded between $73.57 and $91.88. At Wednesday’s price of $65.03, those positions would be down 11.6% to 29.2%.
Fields’ Trading History
Fields isn’t only buying Netflix stock.
The congressman is one of Congress’s biggest stock traders by dollar amount. He has made $22.8 million in trades since 2025, according to data from Quiver Quantitative.
Fields often buys Magnificent Seven stocks in large amounts and has shown a preference for big technology names in recent months.
Photo Courtesy: marekfromrzeszow on Shutterstock.com
