Streaming giant Netflix (NFLX) surprised investors by withdrawing its bid for Warner Bros. Discovery (WBD) after the board backed a higher $111 billion offer from Paramount Skydance (PSKY). Instead of increasing its proposal, Netflix chose to walk away from the bidding war. The stock closed 14% higher Friday at $96.24.
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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) owns a 3.15% stake in NFLX, while the Vanguard S&P 500 ETF (VOO) 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.
