Netflix Inc. (NFLX) is one of the world’s leading subscription streaming entertainment services. The company had 182.9 million paid streaming memberships globally as of Q1 2020, which ended March 31. Members can stream TV series, documentaries, and feature films in different genres and in a variety of languages. Netflix also offers a subscription DVD-by-mail service to customers residing in the U.S. Netflix has posted large increases in paid subscribers, net income, revenue and market value as millions of consumers have boosted viewership at home amid the global COVID-19 crisis.
The top shareholders of Netflix are Leslie J. Kilgore, David Hyman, Greg Peters, Capital Research Group Investors, Vanguard Group Inc., and BlackRock Inc. (BLK).
Netflix’s twelve-month trailing net income and revenue are $2.2 billion and $21.4 billion, respectively. The company’s market cap is about $221.0 billion. These financial data are as of July 9, 2020.
“”Insider” refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company’s stock. In this context, it has nothing to do with insider trading.
Top 3 Individual Insider Shareholders
Leslie J. Kilgore
Leslie Kilgore owns a total of 35,196 Netflix shares, representing 0.02% of the company’s total shares outstanding. Kilgore has been a non-executive member of the Netflix Board of Directors since January 2012. Before that she served as Netflix’s Chief Marketing Officer for 12 years. Kilgore is also a member of the board of directors of Pinterest, Medallia, and Nextdoor.
David Hyman owns a total of 31,610 Netflix shares, representing 0.01% of the company’s total shares outstanding. Hyman has served as the company’s General Counsel and Secretary since 2002, and is responsible for both legal affairs and public policy.
Greg Peters owns a total of 13,090 Netflix shares, representing less than 0.01% of the company’s total shares outstanding. Peters first joined Netflix in 2008 and has served as the company’s Chief Product Officer since 2017. He leads the company’s product team, which is responsible for designing, building, and optimizing the Netflix experience. Prior to that, he acted as Netflix’s International Development Officer. He’s also a member of the board of directors of 2U Inc.
Top 3 Institutional Shareholders
Institutional investors hold the majority of Netflix’s shares at about 83% of total shares outstanding.
Capital Research Global Investors
Capital Research Global Investors owns 37.9 million shares of Netflix, representing 8.6% of total shares outstanding, according to the company’s 13F filing for the period ending March 31, 2020. Capital Research Global Investors operates a number of mutual funds, with a focus on actively managed funds with 13F securities holdings worth about $254.9 billion. Netflix is the firm’s second-largest holding.
Vanguard Group Inc.
Vanguard Group owns 34.1 million shares of Netflix, representing 7.8% of total shares outstanding, according to the company’s 13F filing for the period ending March 31, 2020. The company is primarily a mutual fund and ETF management company with about $6.2 trillion in global assets under management (AUM). The Vanguard S&P 500 ETF (VOO) is one of the company’s largest exchange-traded funds (ETFs) with about $150 billion in AUM. Netflix comprises 0.72% of VOO’s holdings.
BlackRock owns 28.4 million shares of Netflix, representing 6.5% of total shares outstanding, according to the company’s 13F filing as of March 31, 2020. The company is primarily a mutual fund and ETF management company with approximately $6.47 trillion in AUM. The iShares Core S&P 500 ETF (IVV) is among one of BlackRock’s largest ETFs with approximately $197.3 billion in AUM. Netflix comprises 0.83% of IVV’s holdings.