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Bellecapital International Ltd. Has $5.10 Million Stock Position in Netflix, Inc. $NFLX
Bellecapital International Ltd. significantly increased its stake in Netflix (NFLX) by 868.3% in Q4, reaching 54,399 shares valued at $5.10 million. Other major institutions like Vanguard, Baillie Gifford, and Jennison also boosted their holdings, contributing to over 80% institutional ownership. Netflix recently beat Q1 EPS estimates, authorized a $25 billion share buyback, and is piloting a TikTok-style “Clips” feed, despite conservative Q2 guidance causing some downward pressure on the stock.