Netflix, Inc. $NFLX Holdings Lowered by Jackson Square Capital LLC

Posted by Geri Gentry on Oct 19th, 2026

Jackson Square Capital LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 89.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,521 shares of the Internet television network’s stock after selling 29,825 shares during the quarter. Jackson Square Capital LLC’s holdings in Netflix were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in NFLX. Clal Insurance Enterprises Holdings Ltd bought a new position in Netflix during the 2nd quarter valued at $26,000. Compound Global Advisors LLC acquired a new position in Netflix during the 2nd quarter worth $29,000. Burnham & Co LLC acquired a new position in Netflix during the 2nd quarter worth $29,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of Netflix in the 1st quarter worth about $31,000. Finally, Bayban increased its position in shares of Netflix by 400.0% in the 1st quarter. Bayban now owns 350 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 280 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

Positive Sentiment: Wall Street analysts remain broadly constructive on Netflix, and Jefferies initiated coverage with a Buy rating and an $85 price target, citing pricing power, advertising growth and live sports as potential catalysts. Jefferies Makes a Bold $85 Call on Netflix Stock
Positive Sentiment: Netflix is targeting approximately $3 billion in advertising revenue in 2026, while nearly doubled upfront commitments suggest improving advertiser demand and monetization potential. Can Ad-Supported Streaming Momentum Boost Netflix’s Q3 Results?
Neutral Sentiment: Third-quarter results are expected to show year-over-year growth in revenue and earnings, but options markets imply a potentially large post-earnings move. Investors will focus on subscriber trends, viewing hours, advertising progress and management’s outlook. Options Volatility and Implied Earnings Moves This Week
Negative Sentiment: Reports indicate viewer engagement has fallen about 26%, raising concerns that Netflix may be struggling to sustain attention despite its large subscriber base. Slower view-hour growth could undermine the company’s advertising expansion and valuation. Netflix faces questions on user engagement ahead of third-quarter report
Negative Sentiment: Netflix’s decision to eliminate roughly 1,000 jobs, or 6% of its workforce, alongside replacing content chief Bela Bajaria with Peter Rice, has intensified concerns about its content pipeline, leadership direction and employee morale. Netflix Replaces Bela Bajaria With Peter Rice As Content Chief
Negative Sentiment: Some analysts have lowered price targets ahead of earnings, while investors cite membership churn, a weaker content calendar and the cost of live sports as risks. These issues are offsetting the bullish ratings and contributing to cautious trading before the report.

Netflix Stock Performance

NASDAQ:NFLX traded down $1.00 during mid-day trading on Monday, hitting $69.53. The stock had a trading volume of 15,178,712 shares, compared to its average volume of 42,129,117. The stock has a market capitalization of $289.50 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 1.00 and a beta of 1.62. The company has a 50 day simple moving average of $75.17 and a 200-day simple moving average of $80.57. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $124.86. 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 (NASDAQ:NFLX – Get Free Report) last posted its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The firm had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. During the same period in the previous year, the business posted $0.72 EPS. Netflix’s revenue was up 13.4% on a year-over-year basis. On average, research analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on NFLX shares. TD Cowen reaffirmed a “buy” rating and set a $100.00 price target on shares of Netflix in a research report on Monday, October 5th. Bank of America reduced their target price on Netflix from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 17th. China Intl Cap upgraded Netflix to a “strong-buy” rating in a report on Tuesday, July 21st. KeyCorp dropped their target price on shares of Netflix from $92.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Finally, Sanford C. Bernstein initiated coverage on shares of Netflix in a report on Monday, September 28th. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $93.38.

Read Our Latest Stock Analysis on Netflix

Insider Buying and Selling

In other news, CEO Gregory Peters sold 27,312 shares of Netflix stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the sale, the chief executive officer owned 120,931 shares of the company’s stock, valued at approximately $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Theodore Sarandos sold 27,312 shares of Netflix stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total value of $2,003,335.20. Following the sale, the chief executive officer directly owned 178,954 shares in the company, valued at approximately $13,126,275.90. This trade represents a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 in the last ninety days. Insiders own 1.24% of the company’s stock.

About Netflix

(Free Report)

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.