BNP Paribas Has $2.96 Million Stock Position in Netflix, Inc. $NFLX

BNP Paribas reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 44.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,475 shares of the Internet television network’s stock after selling 32,532 shares during the quarter. BNP Paribas' holdings in Netflix were worth $2,961,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Imprint Wealth LLC acquired a new stake in Netflix in the 3rd quarter valued at $25,000. Atlas Capital Advisors Inc. acquired a new position in Netflix during the 4th quarter worth about $26,000. Cornerstone Financial Management LLC bought a new stake in Netflix during the 4th quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Netflix during the 2nd quarter worth about $26,000. Jessup Wealth Management Inc bought a new stake in Netflix during the 4th quarter worth about $27,000. Institutional investors own 80.93% of the company's stock.

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the transaction, the chief executive officer owned 120,931 shares of the company's stock, valued at $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 27,312 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total value of $2,003,335.20. Following the completion of the sale, the chief executive officer owned 178,954 shares in the company, valued at $13,126,275.90. This represents a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 600,295 shares of company stock worth $49,056,671 in the last quarter. 1.24% of the stock is owned by company insiders.

Several research analyst reports have covered NFLX. Bank of America restated a “buy” rating and issued a $125.00 price objective on shares of Netflix in a research report on Monday, May 18th. TD Cowen lowered their target price on Netflix from $112.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, July 17th. KGI Securities lowered shares of Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 target price on the stock in a research note on Friday, July 17th. Citigroup reiterated a “market perform” rating on shares of Netflix in a research report on Monday, August 17th. Wells Fargo & Company set a $80.00 target price on shares of Netflix and gave the stock an “equal weight” rating in a report on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an aver...