Netflix Stock Climbs After WBD Deal Exit — Let’s Look at Who Owns This Streaming Giant

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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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