Assenagon Asset Management S.A. 13F: Adds $741M to NFLX Stake

Assenagon Asset Management S.A. expanded its position in Netflix, Inc. NFLX according to a Form 13F filing disclosed with the SEC on October 15, 2026. Institutional filings look backward at the previous quarter's activity, so these figures reflect holdings at that time and might not show the fund's exact current portfolio today.

What Changed in Assenagon Asset Management's Netflix Position

The asset manager boosted its stake by a 194.8% increase, buying an additional 10,647,803 shares during the period. That brought its total holdings to 16,111,438 shares, up from 5,463,635 shares previously. The reported value of the position stood at $1,121,033,856.

Other Institutional Activity in Netflix

Other large funds made substantial moves in Netflix during the same reporting window. Blackrock Inc. grew its holdings by 2,527,574 shares, ending with 348,770,600 shares worth about $24,598,789,992. Vanguard Capital Management LLC lifted its stake by 631,110 shares to hold 275,026,936 shares valued at roughly $19,397,649,460. State Street Corporation increased its position by 8,479,513 shares, a 4.9% increase, finishing with 180,129,582 shares worth approximately $12,704,539,198. FMR, LLC reduced its holdings by 68,725,894 shares, a 33.6% decrease, leaving it with 135,937,688 shares valued at $9,587,655,346. Invesco Ltd. added 3,957,011 shares for a 3.0% increase, wrapping up the quarter with 135,419,167 shares worth about $9,551,113,683.

Netflix, Inc. Stock Down 0.3%

Netflix shares recently traded around $70.34 as of October 16, 2026. The stock sits below its 50-day moving average of $75.16 and below its 200-day moving average of $83.00. The share price is down about 43.7% from its 52-week high of $124.86, while holding 8.1% above its 52-week low of $65.08.

Recent Earnings

Netflix generated trailing-twelve-month revenue of $48,370,765,824 with earnings of $3.18 per share. The entertainment giant posted a net profit margin of 28.2% and a return on equity of 49.5%. Year-over-year revenue growth reached 13.4%, and the company's next corporate earnings update is scheduled for October 20, 2026.

Insider Buying and Selling at Netflix, Inc.

Company insiders also transacted in Netflix shares prior to the filing. Chief Executive Officer Gregory K. Peters sold 27,312 shares on August 6, 2026, at an average price of $73.54 for a total value of $2,008,606. Chief Financial Officer Spencer Adam Neumann sold 9,248 shares on August 10, 2026, at an average price of $75.79 worth $700,907. Director Richard N. Barton sold 720 shares on September 8, 2026, at an average price of $77.60 for $55,872, and later sold 1,440 shares on September 10, 2026, valued at $109,102.

Analysts Set New Price Targets

Wall Street firms adjusted their views on Netflix leading up to the filing. Guggenheim maintained a Buy rating on October 1, 2026, and raised its price target to $80.00 from $75.00. TD Cowen reiterated a Buy rating with a $100.00 price target on October 5, 2026. Barclays maintained an Equal-Weight rating and lowered its price target to $70.00 from $80.00 on October 7, 2026. Morgan Stanley maintained an Overweight rating on October 8, 2026, adjusting its price target down to $80.00 from $83.00. Keybanc maintained an Overweight rating on October 13, 2026, moving its target to $85.00 from $92.00. Across the broader analyst community, the stock carries a consensus buy rating with a mean price target of $91.95 based on 45 analyst opinions.

About Netflix, Inc.

Headquartered in Los Gatos, California, Netflix provides entertainment services worldwide. The company offers television series, documentaries, feature films, games, and live programming across various genres and languages. Members stream this content through a broad range of internet-connected equipment, including smart TVs, digital video players, set-top boxes, and mobile devices.

Bottom Line

Investors will look closely at Netflix's upcoming earnings report on October 20, 2026, for fresh updates on subscriber metrics and financial performance. Because 13F filings reflect past quarters, further regulatory disclosures will show whether Assenagon Asset Management maintains its larger stake in the entertainment provider. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.