NBT Bank reduced Netflix stake by 4.9% amid institutional investors' increased holdings.

NBT Bank reduced its Netflix stake by 4.9%, while many institutional investors increased their holdings. Netflix's chairman sold nearly 20,000 shares recently, and insiders sold a total of 152,700 shares in the past 90 days. The company reported Q2 earnings of $4.88 per share, exceeding estimates, and revenue of $9.56 billion. The stock price rose to $701.35, with a market cap of $302.28 billion and significant analyst interest.

August 31, 2024
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