CTC 13F: Exits Netflix (NFLX) Stake

CTC recently moved to exit its stake in Netflix, Inc. (NFLX) entirely. According to its latest Form 13F filing with the SEC, the firm liquidated its full position of 207,740 shares. This filing reflects holdings as of the end of the reporting period and may not represent the investor's current market position.

CTC Exits Netflix Position

The move by CTC was a complete liquidation of its holdings in the Los Gatos-based entertainment company. The firm sold all 207,740 shares it previously held, bringing its stake to zero. Before this sale, the position represented a significant commitment to the streaming leader, but the firm chose to move on from the stock during the quarter. This exit follows similar moves by CTC recently, including liquidating positions in JD.com and Upstart Holdings as reported in May 2026.

Netflix Stock Price Trends

On Friday, shares of Netflix were trading at $72.19. The stock has seen a fair amount of volatility lately, trading well below its 52-week high of $124.86. The current price is also trailing its 200-day moving average of $82.99 and its 50-day moving average of $75.15. With a price-to-earnings (P/E) ratio of 22.8, the market is valuing Netflix at roughly 22 times its trailing earnings, which is a common way to measure if a stock is expensive or cheap relative to its profits.

Recent Earnings for Netflix

Netflix has maintained a strong financial profile despite the stock's recent price fluctuations. The company reported annual revenue of $48.37 billion, representing a 13.4% growth rate. Its profitability remains high, with a net margin of 28.2% and a return on equity of 49.5%. Investors are looking toward the next major financial update, as the company is scheduled to report its next batch of earnings on October 20, 2026.

Analysts Set New Price Targets

Several Wall Street firms have adjusted their expectations for Netflix recently. On October 16, 2026, BMO Capital maintained an Outperform rating but lowered its price target from $135.00 to $125.00. That same day, Wedbush kept its Outperform rating while trimming its target to $90.00 from $105.00. Rosenblatt stayed Neutral with a $75.00 target. Other firms like Keybanc and Morgan Stanley also lowered their price targets in October, even while maintaining positive Overweight ratings. Currently, 45 analysts covering the stock have a consensus Buy recommendation with an average price target of $91.95.

The Business of Netflix

Netflix is the world's largest subscription streaming service, offering a massive library of TV shows, movies, and original programming. While it started as a DVD-by-mail service, it has transformed into a global media powerhouse that now includes gaming and live events. The company's ability to grow revenue by 13.4% shows it is still finding ways to add subscribers and increase member value in a crowded entertainment market.

What's Ahead for Netflix, Inc.

Investors will be watching the October 20, 2026, earnings report to see if Netflix can beat expectations and regain some of the ground it lost from its 52-week highs. While CTC has moved to the sidelines, other institutional players like Kmg Fiduciary Partners and B. Riley Wealth Advisors recently increased their stakes. As with all 13F filings, these reports are a look in the rearview mirror, but they provide a clear picture of how major funds were positioned as the year progressed.