Eagle Capital Management 13F: Adds $382M to Netflix (NFLX) Stake

Eagle Capital Management made a bold move with its Netflix holdings, adding 5,287,648 shares according to its latest 13F filing with the SEC. This leap increased its stake by a staggering 8,423%, bringing its total to 5,350,422 shares valued at about $427.1 million as of the reporting period.

What Changed in Eagle Capital Management's Netflix Position

Eagle Capital Management's significant addition of 5,287,648 shares to its Netflix position marks a major increase from its previous 62,774 shares. This change reflects a substantial commitment to the streaming giant, with the shares now valued at approximately $427.1 million.

Other Institutional Activity in Netflix

Other major institutional players have also adjusted their stakes in Netflix. BlackRock, Inc. trimmed its holdings by 1,897,788 shares, ending with 346,247,929 shares worth about $33.3 billion. Vanguard Capital Management LLC made a substantial addition, increasing its position by 274,400,652 shares, bringing its total to the same number, valued at roughly $26.4 billion. FMR LLC increased its holdings by 8,821,126 shares, totaling 204,650,883 shares valued at approximately $19.7 billion. Meanwhile, State Street Corp reduced its stake by 5,126,233 shares to 171,654,762 shares, valued at about $16.5 billion.

Netflix, Inc. Stock Up 2.3%

Shares of NasdaqGS:NFLX were trading near $79.83. Netflix boasts a market cap of around $338.3 billion, with a P/E ratio of 25.9 and a forward P/E of 20.9. The stock has experienced a 52-week low of $75.01 and a high of $134.12, with moving averages of $91.15 over 50 days and $99.42 over 200 days. The company maintains a current ratio of 1.41 and a quick ratio of 1.18, alongside a debt-to-equity ratio of 53.79.

Recent Earnings

Netflix reported revenues of $46.89 billion with a growth rate of 16.2%. The company's net margin stands at 28.52%, and its return on equity is an impressive 48.49%. Their next earnings report is expected on April 16, 2026.

Insider Buying and Selling at Netflix, Inc.

Recent insider activity at Netflix includes several transactions on June 1, 2026. Reed Hastings sold 386,700 shares, while Bradford Smith, Jeffrey William Karbowski, Strive Masiyiwa, and Jay Hoag each purchased 728 shares.

Analysts Set New Price Targets

On April 17, 2026, Piper Sandler maintained its buy rating for Netflix with a $115 price target. Oppenheimer also held a buy rating, setting a $120 target. Barclays and Rosenblatt maintained hold ratings with targets of $110 and $95, respectively. Overall, the consensus from 44 analysts is a buy rating, with a mean target price of $114.15.

About Netflix

Netflix, Inc., headquartered in Los Gatos, California, is a leading entertainment service provider offering a wide range of TV series, documentaries, feature films, and games. Founded in 1997, the company streams its content globally across internet-connected devices, including TVs and mobile devices. Under the leadership of CEO Mr. Theodore A. Sarandos, Netflix employs approximately 16,000 people.

Bottom Line

Eagle Capital Management's massive increase in Netflix shares signals a strong belief in the company's future prospects. While 13F filings are historical and may not reflect current positions, they provide insight into institutional sentiments. Investors continue to watch Netflix closely, given its significant market presence and ongoing growth in the entertainment industry.