FMR LLC & Abigail Johnson Report 5.05% Netflix Stake
Ticker: NFLX · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1065280
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson still own 5.05% of Netflix, showing continued institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Netflix Inc. As of February 9, 2024, they collectively beneficially own 22,104,971 shares of Netflix common stock, representing 5.050% of the company. This filing indicates a slight decrease in their reported sole voting power from a previous filing, but their overall beneficial ownership percentage remains significant, signaling their continued, albeit slightly adjusted, confidence in Netflix's long-term prospects.
Why It Matters
This filing shows that a major institutional investor and its leader continue to hold a significant portion of Netflix, which can be seen as a vote of confidence, but the slight adjustment in voting power could indicate a minor shift in their investment strategy.
Risk Assessment
Risk Level: low — This is a routine update from a major institutional investor and does not indicate any immediate or significant risk to Netflix shareholders.
Analyst Insight
A smart investor would note that a major institutional holder like FMR LLC continues to hold a substantial stake in Netflix, suggesting long-term confidence, but this filing itself doesn't warrant immediate action. It's a data point to consider alongside other fundamental and market analyses.
Key Numbers
- 22,104,971 — Shares Beneficially Owned (Total Netflix common stock shares held by FMR LLC and Abigail P. Johnson as of the filing date.)
- 5.050% — Percentage of Class (The proportion of Netflix's total common stock owned by FMR LLC and Abigail P. Johnson.)
- 20,716,816 — Sole Voting Power (FMR LLC) (The number of shares FMR LLC has sole power to vote or direct the vote for, as reported in Item 5.)
- 0 — Shared Voting Power (FMR LLC) (The number of shares FMR LLC has shared power to vote or direct the vote for, as reported in Item 6.)
- 0 — Sole Voting Power (Abigail P. Johnson) (The number of shares Abigail P. Johnson has sole power to vote or direct the vote for, as reported in Item 5.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- NETFLIX INC (company) — the issuer of the securities
- 22,104,971 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 5.050% (dollar_amount) — percentage of Netflix's common stock beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, but potentially slightly adjusted, stake in Netflix over the next year. (FMR LLC) — high confidence, target: 2025-02-09
- Netflix's stock performance will likely not be significantly impacted by this routine filing alone. (NETFLIX INC) — high confidence, target: 2024-03-09
FAQ
Who are the reporting persons in this SC 13G/A filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 for each reporting person on the cover page.
What is the total number of Netflix Inc. common shares beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each beneficially own 22,104,971 shares of Netflix Inc. common stock, as indicated in Item 7 for both reporting persons and Item 4(a) for FMR LLC.
What percentage of Netflix Inc.'s common stock do the reporting persons beneficially own?
The reporting persons beneficially own 5.050% of Netflix Inc.'s common stock, as stated in Item 11 for both FMR LLC and Abigail P. Johnson, and Item 4(b) for FMR LLC.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page and in Item 3.
What is the CUSIP number for Netflix Inc. common stock?
The CUSIP number for Netflix Inc. common stock is 64110L106, as listed on the cover page and in Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding NETFLIX INC (NFLX).