SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain 5.1% Passive Stake in Netflix Inc.
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, confirming their continued passive beneficial ownership of 5.1% of Netflix Inc.'s common stock as of December 29, 2023.
Summary
- FMR LLC and Abigail P. Johnson have filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership of Netflix Inc. common stock.
- As of December 29, 2023, FMR LLC and Abigail P. Johnson collectively beneficially own 22,275,032.57 shares of Netflix Inc. common stock.
- This aggregate amount represents 5.1% of the class of Netflix Inc. common stock.
- FMR LLC holds sole voting power over 20,886,877.81 shares and sole dispositive power over 22,275,032.57 shares.
- Abigail P. Johnson holds sole dispositive power over 22,275,032.57 shares.
- Neither FMR LLC nor Abigail P. Johnson hold any shared voting or shared dispositive power.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Netflix Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing (Schedule 13G) disclosing passive beneficial ownership, which is inherently neutral in sentiment. It does not contain performance data or strategic announcements.
Future Outlook
NA
Industry Context
This filing is a routine regulatory disclosure of a passive ownership stake by a major investment firm in a publicly traded company. It does not provide insights into broader industry trends or competitive dynamics within the streaming or entertainment sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Governance Structure Clarification | The document clarifies that members of the Johnson family, including Abigail P. Johnson, are predominant owners of Series B voting common shares of FMR LLC (49% voting power) and have a shareholders' voting agreement to vote in accordance with the majority, potentially forming a controlling group with respect to FMR LLC under the Investment Company Act of 1940. This relates to FMR LLC's internal governance, not Netflix Inc.'s. | NA | This disclosure provides transparency regarding the internal control structure of FMR LLC, the reporting person, but has no direct impact on Netflix Inc.'s corporate governance. |
Stakeholder Impact
- Shareholders: The disclosure of a significant, passive stake by a major institutional investor like FMR LLC may be viewed as a vote of confidence in Netflix Inc., potentially influencing investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 12/29/2023 | Date of event which requires the filing of this statement, reflecting the beneficial ownership. |
| 04/04/2025 | Signature date of the Schedule 13G filing by Stephanie J. Brown on behalf of FMR LLC and Abigail P. Johnson. |
Keywords
Netflix, NFLX, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.