Netflix, Inc. $NFLX Shares Bought by Jacobs & Co. CA

Posted by Brenda Bartman on Oct 10th, 2026

Jacobs & Co. CA grew its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 6.4% in the third quarter, Holdings Channel reports. The fund owned 174,772 shares of the Internet television network’s stock after purchasing an additional 10,520 shares during the period. Netflix accounts for about 1.1% of Jacobs & Co. CA’s portfolio, making the stock its 28th largest holding. Jacobs & Co. CA’s holdings in Netflix were worth $12,160,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Cornerstone Financial Management LLC acquired a new stake in Netflix during the fourth quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in Netflix during the second quarter worth about $26,000. Compound Global Advisors LLC acquired a new position in Netflix in the 2nd quarter valued at about $29,000. Burnham & Co LLC purchased a new stake in shares of Netflix in the 2nd quarter valued at approximately $29,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in shares of Netflix in the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

More Netflix News

Here are the key news stories impacting Netflix this week:

Positive Sentiment: Morgan Stanley maintained an “overweight” rating while trimming its price target from $83 to $80, implying meaningful upside from recent trading levels. The lower target reflects caution, but the continued bullish rating provides some support for the investment case. Morgan Stanley Netflix price target report
Positive Sentiment: Netflix is reportedly paying $200 million for U.S. rights to the 2027 Women’s World Cup. The event could provide valuable live-programming exposure and attract new viewers, although the rights fee adds to near-term content spending. Netflix 2027 Women’s World Cup rights report
Neutral Sentiment: Netflix’s upcoming scripted series about the FTX collapse, “The Altruists,” is scheduled for November 19. The program could generate attention and engagement, but criticism from figures connected to the crypto industry creates some reputational risk. Netflix FTX series criticism report
Negative Sentiment: Multiple reports say Netflix plans to eliminate about 5% of its workforce—potentially roughly 800 jobs—with an announcement possibly coming next week. While the cuts could reduce operating expenses and improve margins, investors may interpret them as evidence that management is responding to weaker engagement, intensifying competition from YouTube and pressure on growth. Netflix has not confirmed the plans. Los Angeles Times Netflix layoffs report
Negative Sentiment: A reported $2.8 billion termination fee boosted Netflix’s cash balance, but it is a one-time payment rather than recurring streaming cash flow. Investors are being cautioned not to treat the windfall as evidence of stronger underlying earnings or content-financing capacity. Netflix termination fee and cash flow report

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stephens assumed coverage on shares of Netflix in a research report on Friday, July 17th. They set an “overweight” rating on the stock. Rosenblatt Securities set a $75.00 target price on Netflix and gave the company a “neutral” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Netflix in a report on Thursday, August 20th. Wolfe Research reissued an “outperform” rating and set a $95.00 price objective (up from $84.00) on shares of Netflix in a research report on Tuesday, August 25th. Finally, KeyCorp restated an “overweight” rating and issued a $92.00 price objective (down from $115.00) on shares of Netflix in a report on Monday, July 13th. Four research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $94.70.

Read Our Latest Stock Analysis on NFLX

Insider Transactions at Netflix

In related news, CEO Gregory Peters sold 27,312 shares of Netflix stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the transaction, the chief executive officer owned 120,931 shares in the company, valued at $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Hyman sold 5,723 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total transaction of $416,920.55. Following the transaction, the insider owned 316,100 shares of the company’s stock, valued at $23,027,885. This trade represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 179,045 shares of company stock valued at $13,132,194 over the last quarter. Insiders own 1.24% of the company’s stock.

Netflix Stock Down 1.8%

Shares of NASDAQ NFLX opened at $70.30 on Friday. The stock has a market cap of $292.72 billion, a P/E ratio of 22.13, a PEG ratio of 1.01 and a beta of 1.62. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $124.86. The business’s fifty day simple moving average is $75.46 and its 200-day simple moving average is $81.42.

Netflix (NASDAQ:NFLX – Get Free Report) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%. The firm had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. During the same period in the previous year, the firm posted $0.72 EPS. Netflix’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

About Netflix

(Free Report)

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.