Eastern Bank Boosts Stake in Netflix

Institutional investor increases position in streaming giant by over 900%

Mar. 29, 2026 at 8:18am

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Eastern Bank, a major institutional investor, significantly increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 894.1% during the fourth quarter, according to the company's latest 13F filing with the Securities and Exchange Commission. The bank now owns 613,558 shares of the internet television network's stock, valued at $57.5 million.

Why it matters

This move by Eastern Bank reflects growing institutional confidence in Netflix's long-term prospects, even as the company faces increased competition in the streaming space. The sizable increase in ownership suggests the bank sees significant upside potential in Netflix's stock.

The details

According to the 13F filing, Eastern Bank acquired an additional 551,839 shares of Netflix during the fourth quarter, bringing its total position to 613,558 shares. This represents a nearly 900% increase in the bank's stake in the company. Netflix now makes up 1.0% of Eastern Bank's total investment portfolio, making it the 27th largest holding.

  • Eastern Bank increased its Netflix position during the fourth quarter of 2025.

The players

Eastern Bank

A major institutional investor that significantly increased its stake in Netflix during the fourth quarter.

Netflix, Inc.

The American entertainment company that provides subscription-based streaming of films, television series, and other video content.

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The takeaway

Eastern Bank's substantial increase in its Netflix position suggests growing institutional confidence in the company's long-term prospects, even as it faces heightened competition in the streaming space. This move could signal that some major investors see significant upside potential in Netflix's stock.