Streaming giant Netflix NFLX +2.29% ▲ surprised investors by withdrawing its bid to acquire Warner Bros. Discovery WBD -0.35% ▼ after WBD’s board said a competing offer from Paramount Skydance PSKY +10.04% ▲ , valued at about $111 billion, provided greater value to shareholders. Instead of increasing its proposal, Netflix chose to walk away from the bidding war, a decision that was welcomed by the market. With the takeover battle now behind it, it’s worth exploring who owns Netflix.
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Following the announcement, the stock rose in early Friday trading after gaining about 9% in Thursday’s after-hours session.
Now, according to TipRanks’ ownership page, public companies and individual investors own 57.31% of NFLX. They are followed by ETFs, mutual funds, insiders, and other institutional investors, at 25.36%, 10.10%, 6.69%, and 0.53%, respectively.
Digging Deeper into Netflix’s Ownership Structure
Looking closely at the top shareholders, Vanguard owns the highest stake in Netflix at 7.77%, followed by iShares with a 5.02% holding.
Among the top ETF holders, the Vanguard Total Stock Market ETF VTI -0.39% ▼ owns a 3.15% stake in NFLX, while the Vanguard S&P 500 ETF VOO -0.56% ▼ owns 2.54%.
Moving to mutual funds, Putnam Asset Allocation Funds holds about 2.14% of Netflix. Meanwhile, Fidelity Concord Street Trust owns 1.68% of the company.
Is Netflix a Good Stock to Buy?
Currently, Wall Street has a Moderate Buy consensus rating on Netflix stock based on 28 Buys, eight Holds, and one Sell recommendation. The average NFLX stock price target of $114.52 indicates about 35.38% upside potential.
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Netflix Stock Climbs After WBD Deal Exit — Let’s Look at Who Owns This Streaming Giant
Streaming giant Netflix NFLX +2.29% ▲ surprised investors by withdrawing its bid to acquire Warner Bros. Discovery WBD -0.35% ▼ after WBD’s board said a competing offer from Paramount Skydance PSKY +10.04% ▲ , valued at about $111 billion, provided greater value to shareholders. Instead of increasing its proposal, Netflix chose to walk away from the bidding war, a decision that was welcomed by the market. With the takeover battle now behind it, it’s worth exploring who owns Netflix.
Claim 50% Off TipRanks Premium
Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential
Following the announcement, the stock rose in early Friday trading after gaining about 9% in Thursday’s after-hours session.
Now, according to TipRanks’ ownership page, public companies and individual investors own 57.31% of NFLX. They are followed by ETFs, mutual funds, insiders, and other institutional investors, at 25.36%, 10.10%, 6.69%, and 0.53%, respectively.
Digging Deeper into Netflix’s Ownership Structure
Looking closely at the top shareholders, Vanguard owns the highest stake in Netflix at 7.77%, followed by iShares with a 5.02% holding.
Among the top ETF holders, the Vanguard Total Stock Market ETF VTI -0.39% ▼ owns a 3.15% stake in NFLX, while the Vanguard S&P 500 ETF VOO -0.56% ▼ owns 2.54%.
Moving to mutual funds, Putnam Asset Allocation Funds holds about 2.14% of Netflix. Meanwhile, Fidelity Concord Street Trust owns 1.68% of the company.
Is Netflix a Good Stock to Buy?
Currently, Wall Street has a Moderate Buy consensus rating on Netflix stock based on 28 Buys, eight Holds, and one Sell recommendation. The average NFLX stock price target of $114.52 indicates about 35.38% upside potential.
Disclaimer & DisclosureReport an Issue