Fernbridge Capital Management LP Acquires New Shares in Netflix, Inc. $NFLX

Key Points

• Fernbridge Capital Management bought a new position in Netflix of 42,905 shares worth about $51.44 million (Form 13F), making the stock roughly 2.5% of the firm's portfolio and its 12th largest holding.
• Netflix is pursuing strategic moves — reportedly acquiring InterPositive (Ben Affleck’s AI startup) for up to $600 million, expanding into games and live streaming, and confirming a sequel to “KPop Demon Hunters” — actions that could lower content costs and open new revenue channels but create near‑term cash outflow and integration risk.
• Insider selling has been heavy: insiders sold 1,520,133 shares (~$137.26 million) in the past 90 days (including CEO Gregory Peters’ sale of 105,781 shares), leaving insiders with 1.37% ownership, which may concern some investors.

Fernbridge Capital Management LP bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 42,905 shares of the Internet television network's stock, valued at approximately $51,440,000. Netflix makes up approximately 2.5% of Fernbridge Capital Management LP's investment portfolio, making the stock its 12th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC raised its position in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after acquiring an additional 144 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Netflix by 21.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network's stock valued at $1,883,000 after acquiring an additional 246 shares during the last quarter. Strategic Investment Advisors MI grew its stake in shares of Netflix by 18.9% in the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network's stock worth $1,036,000 after acquiring an additional 123 shares during the period. Finally, Schnieders Capital Management LLC. raised its holdings in shares of Netflix by 12.1% during the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network's stock valued at $2,832,000 after purchasing an additional 228 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is acquiring InterPositive, Ben Affleck’s AI moviemaking startup, in a deal reported to be as much as $600 million — a strategic move to accelerate AI tools for editing and production that could lower content costs and speed releases. MarketWatch: Netflix is spending up to $600 million to buy Ben Affleck’s AI startup
• Positive Sentiment: Netflix confirmed a sequel to its most-watched film ever, “KPop Demon Hunters,” supporting continued strong content performance and subscriber engagement. Reuters: More demons, more K-pop: Netflix announces 'KPop Demon Hunters' sequel
• Positive Sentiment: Netflix is expanding into games and live streaming (hires and tech partnerships reported), signaling new revenue adjacencies beyond SVOD that could improve monetization over time. Yahoo Finance: Netflix Expands Games And Live Streaming
• Neutral Sentiment: The company set its Q1 2026 earnings release for April 16, giving the market a date to reassess growth, margins and guidance — an event risk but also an information catalyst. PR Newswire: Netflix to Announce First Quarter 2026 Financial Results
• Neutral Sentiment: High investor attention and bullish commentary (e.g., some strategists buying after the company dropped the Warner Bros. Discovery deal) are driving flows and sentiment—but they don’t guarantee fundamentals will beat expectations. Zacks: Netflix is Attracting Investor Attention
• Negative Sentiment: Reports of internal product-team cuts and a reorg could signal cost pressure or execution risk; layoffs can reduce near-term innovation velocity and unsettle employees. Benzinga: Netflix Cuts Dozens Of Product Team Jobs Amid Internal Restructuring
• Negative Sentiment: The sizable InterPositive price tag (reported up to $600M) creates near-term cash outflow and integration risk; investors may worry about payback timing and execution on promised AI cost savings. TechCrunch: Netflix may have paid $600 million for Ben Affleck's AI startup

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Freedom Capital upgraded shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 27th. Royal Bank Of Canada reaffirmed a "hold" rating on shares of Netflix in a research report on Wednesday, January 21st. New Street Research decreased their target price on shares of Netflix from $100.00 to $96.00 and set a "neutral" rating for the company in a research note on Thursday, January 22nd. JPMorgan Chase & Co. initiated coverage on Netflix in a report on Monday, March 2nd. They set an "overweight" rating and a $120.00 price target on the stock. Finally, Citic Securities dropped their price target on Netflix from $109.00 to $95.00 and set a "hold" rating on the stock in a research note on Monday, January 26th. Two 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.67.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 23,439 shares of the firm's stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $88.11, for a total value of $2,065,210.29. Following the transaction, the insider owned 316,100 shares of the company's stock, valued at $27,851,571. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 105,781 shares of the firm's stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $82.94, for a total value of $8,773,476.14. Following the completion of the transaction, the chief executive officer directly owned 122,140 shares in the company, valued at $10,130,291.60. This trade represents a 46.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,520,133 shares of company stock valued at $137,259,786 in the last ninety days. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Up 1.1%

Shares of NFLX stock opened at $95.31 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. The stock has a market cap of $402.41 billion, a P/E ratio of 37.72, a P/E/G ratio of 1.45 and a beta of 1.68. The company has a 50 day simple moving average of $86.57 and a two-hundred day simple moving average of $102.80.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share for the quarter, topping 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 analysts' expectations of $11.97 billion. During the same quarter last year, the company posted $0.43 EPS. The company's revenue was up 17.6% compared to the same quarter last year. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 earnings per share 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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