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

BNP Paribas reduced its position in Netflix, Inc. (NASDAQ: NFLX) by 44.0% during the second quarter, according to its latest 13F filing with the SEC. Following the sale of 32,532 shares, the financial institution held 41,475 shares valued at approximately $2.96 million. Institutional investors collectively control 80.93% of Netflix's outstanding shares, despite mixed institutional movements and notable insider selling activity by executives, including co-CEOs Gregory Peters and Theodore Sarandos, to cover tax withholding obligations. From a fundamental perspective, Netflix reported second-quarter earnings per share of $0.80, slightly beating consensus estimates of $0.79, on revenue of $12.56 billion, up 13.4% year-over-year. The streaming giant maintains a consensus "Moderate Buy" rating across Wall Street analysts with an average price target of $103.19. Market sentiment remains divided as investors weigh the upside from expanding advertising revenue, live event monetization, and concentrated backing from high-profile funds against near-term technical resistance and insider share disposals.