Connor Clark & Lunn Investment Management Ltd. Increases Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Connor Clark & Lunn Investment Management increased its Netflix stake by 26.2% in Q3 to 138,586 shares worth $166,154,000, while institutional investors collectively own about 80.93% of the company.
• Netflix confirmed the acquisition of AI post‑production startup InterPositive (reports suggest the deal could reach ~$600M with earnouts) and is pushing into gaming and live streaming with new hires and infrastructure partnerships, signaling a strategic move to boost AI-driven production and new revenue streams.
• Analyst sentiment is generally positive with a consensus rating of Moderate Buy and an average price target of $114.67, though some firms have recently cut targets (for example, BofA lowered its target to $125).

Connor Clark & Lunn Investment Management Ltd. grew its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 26.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,586 shares of the Internet television network's stock after purchasing an additional 28,745 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Netflix were worth $166,154,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NFLX. Vanguard Group Inc. lifted its stake in shares of Netflix by 0.4% during the third quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock valued at $46,183,983,000 after buying an additional 142,238 shares during the period. CIBC Capital Markets Europe S.A. grew its stake in Netflix by 171.4% in the 3rd quarter. CIBC Capital Markets Europe S.A. now owns 66,503 shares of the Internet television network's stock worth $79,732,000 after acquiring an additional 42,000 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Netflix by 6.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 302,182 shares of the Internet television network's stock worth $362,292,000 after acquiring an additional 18,837 shares during the period. NEOS Investment Management LLC raised its holdings in Netflix by 64.6% in the 3rd quarter. NEOS Investment Management LLC now owns 177,297 shares of the Internet television network's stock valued at $212,565,000 after acquiring an additional 69,570 shares during the last quarter. Finally, Bornite Capital Management LP acquired a new position in Netflix in the 3rd quarter valued at $29,973,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Phillip Securities upgraded Netflix from a "sell" rating to a "moderate buy" rating and raised their price objective for the stock from $95.00 to $100.00 in a report on Monday, January 26th. Rothschild & Co Redburn set a $120.00 target price on Netflix in a research note on Wednesday, January 21st. New Street Research decreased their price target on Netflix from $100.00 to $96.00 and set a "neutral" rating on the stock in a research note on Thursday, January 22nd. Bank of America lowered their price target on Netflix from $149.00 to $125.00 and set a "buy" rating for the company in a report on Friday, March 6th. Finally, JPMorgan Chase & Co. started coverage on shares of Netflix in a research note on Monday, March 2nd. They set an "overweight" rating and a $120.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.67.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix confirmed the acquisition of InterPositive, an AI post‑production startup co‑founded by Ben Affleck; reporting suggests the deal could be as large as $600M with earnouts tied to performance — a move that accelerates Netflix’s in‑house use of AI for editing and creative workflows. Netflix may have paid $600 million for Ben Affleck's AI startup
• Positive Sentiment: Netflix is pushing further into gaming and live streaming — hiring Magali Huot to lead games marketing and signing a multi‑year partnership with Ateme for TITAN Live streaming infrastructure — signaling new monetization and engagement vectors beyond SVOD. Netflix Expands Games And Live Streaming As Valuation Signals Mixed Picture
• Neutral Sentiment: Wells Fargo started coverage on Netflix (details not heavy in headline list) — new coverage can add liquidity and influence near‑term analyst dialogue, but impact depends on the stance and estimates in the report. Wells Fargo & Company Begins Coverage on Netflix
• Negative Sentiment: Rivals and other media groups are signing AI deals (e.g., a reported Canal+/Google tie‑up), intensifying competition in AI content tools and recommendation systems — this reduces Netflix’s moat on AI advantages and may pressure margins if others secure better third‑party partnerships. Netflix Rival Strikes Deal With Google in Battle for AI Content
• Negative Sentiment: BofA cut its Netflix price target to $125 from $149, signaling analyst caution on valuation and growth assumptions; downward PT revisions tend to pressure sentiment and can prompt further analyst/quant selling. BofA Cuts PT on Netflix to $125
• Negative Sentiment: Coverage summarizing recent moves notes the stock dipped more than the market in recent sessions, reflecting investor caution after the failed Warner Bros. Discovery bid and mixed near‑term catalysts. Why Netflix Dipped More Than Broader Market

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 57,260 shares of the company's stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $95.50, for a total value of $5,468,330.00. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company's stock, valued at $7,046,658.50. This represents a 43.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 23,439 shares of the firm's stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $88.11, for a total value of $2,065,210.29. Following the sale, the insider owned 316,100 shares in the company, valued at approximately $27,851,571. The trade was a 6.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,520,133 shares of company stock valued at $137,259,786 over the last 90 days. Corporate insiders own 1.37% of the company's stock.

Netflix Price Performance

Netflix stock opened at $94.88 on Thursday. The firm has a fifty day moving average of $86.47 and a 200-day moving average of $103.04. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $400.60 billion, a P/E ratio of 37.55, a PEG ratio of 1.49 and a beta of 1.68.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Netflix had a net margin of 24.30% and a return on equity of 43.26%. The business had revenue of $12.05 billion for the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The business's quarterly revenue was up 17.6% on a year-over-year basis. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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