Coatue Management significantly increased their Netflix position according to recent 13F filings. They bought 5.5 million shares in Q4, taking their total holdings from roughly 618k to over 6.1 million. The stock has been down 32% over the last six months. Current forward P/E is 24.3x, which is just slightly above the S&P 500. Netflix also released Q4 earnings recently: * Revenue: $12.05B vs $11.9B expected * EPS: $0.56 vs $0.55 expected * Net Profit: $2.42B (up from $1.87B last year) Management says they are using AI for ad targeting and reducing production costs rather than just content generation. The main risks right now are the $17B debt load and antitrust scrutiny regarding the Warner Bros acquisition bid. Analysts have a mean price target around $113.