Netflix, Inc.
At today's price, Netflix, Inc. (NFLX) is priced for +21.7% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Netflix has turned scale into a self-reinforcing machine: a paid base above 325 million households funds the content budget that keeps those households watching, and the company runs the whole business to a stated operating-margin target rather than to subscriber growth at any cost. • The single biggest risk is the price itself: at today's level the market is paying roughly 23 times operating income and asking the company to grow operating profit about 23% a year for five years, a pace and per
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3,533 institutional managers reported holding NFLX in 13F filings for the quarter ended 2026-03-31. Together they hold about 76% of the company; the top 10 hold 38%. 303 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 101.0M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
NFLX has cut its share count 4.7% over the past five years, spending $22.89B on repurchases. It pays no dividend. Cash returned over the past three years: $21.74B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at NFLX over the trailing three years. Absence is a fact about the company, not a signal. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
NFLX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-22 | -7.9% | -11.2% |
| 2023-10-21 | +13.0% | +21.4% |
| 2024-01-27 | +12.2% | +6.5% |
| 2024-04-23 | -9.6% | +16.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
NFLX's latest 8-K filings: 2026-06-05 (items 5.07, 8.01); 2026-04-23 (items 8.01); 2026-04-16 (items 2.02, 5.02, 9.01); 2026-02-27 (items 1.02); 2026-01-20 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.