Howland Capital Management 13F: Cuts NFLX Stake by $2.3M

Howland Capital Management cut its stake in Netflix, Inc. NFLX by 33,426 shares during the third quarter, according to a Form 13F filing with the SEC on October 22, 2026. The move lowered its total holdings in the entertainment provider by 23.967303624565304% compared to the prior period. Netflix closed at $67.05 on the day of the filing.

NFLX Netflix, Inc.

$65.04 ▼ -28.52% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Howland Capital Management's Netflix Position

The fund trimmed its position down to 106,039 shares at the end of the quarter, worth approximately $7,378,194 based on the reported value. Just prior to the adjustment, the firm held 139,465 shares.

Other Institutional Activity in Netflix

Other institutional investors have also adjusted their portfolios around the streaming provider. Sepio Capital grew its holdings by 12,812 shares, ending with 77,855 shares worth about $5,417,216.

Netflix, Inc. Stock Down 2.3%

Netflix shares recently traded around $67.08, sitting below the 50-day moving average of $74.66 and the 200-day moving average of $82.52. The stock closed at $67.05 on October 22, 2026, and remains well below its 52-week high of $116.73 while holding slightly above its 52-week low of $64.10.

Recent Earnings

Netflix reported $49,734,631,424 in trailing-twelve-month revenue alongside earnings of $3.46 per share. The company generated a net profit margin of 29.7% and a return on equity of 53.5%. The next earnings report is scheduled for January 19, 2027.

Dividend

Netflix currently pays no dividend, reflecting a dividend payout ratio of 0.0%.

Insider Buying and Selling at Netflix, Inc.

Company insiders have transacted in the stock ahead of the filing period. Chief Executive Officer Gregory K. Peters sold 27,312 shares on August 6, 2026, at an average price of $73.54 for a total value of $2,008,606. Chief Financial Officer Spencer Adam Neumann sold 9,248 shares on August 10, 2026, at $75.79 per share, totaling $700,907. Director Richard N Barton sold 720 shares on September 8, 2026, at $77.60 for $55,872, and later sold 1,440 shares on September 10, 2026, valued at $109,102.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on the stock around the filing date. On October 21, 2026, UBS maintained a buy rating while lowering its price target from $115.00 to $100.00. Citigroup also maintained a buy rating on October 21, 2026, lowering its target from $100.00 to $85.00. On October 22, 2026, Wolfe Research downgraded the stock to a peer perform rating, Argus Research maintained a buy rating with a lowered target of $95.00, and Pivotal Research maintained a hold rating with a $65.00 target. Overall, the stock carries a consensus buy rating and a mean price target of $86.24 across 44 analyst opinions.

About Netflix

Netflix, Inc. provides subscription entertainment services across the globe. Members can stream television series, feature films, documentaries, games, and live programming through a wide variety of internet-connected devices including mobile phones, tablets, and smart TVs.

Bottom Line

Investors will look toward the next earnings release on January 19, 2027, for further insight into subscriber trends and financial growth. Institutional adjustments from funds like Howland Capital offer a look at how major holders manage their exposure.