Arcadia Investment cut its Netflix stake by 4.4%, while insiders sold $142 million in shares.

Arcadia Investment Management reduced its Netflix holdings by 4.4%, while DigitalBridge Group and British Columbia Investment Management increased theirs significantly. Insiders, including CEO Gregory Peters, sold a total of 209,810 shares valued at $142 million. Analysts' ratings and price targets for Netflix vary, with JPMorgan raising its target to $850 and others providing mixed assessments. Netflix's market cap is $323.20 billion, with a P/E ratio of 42.79.

November 03, 2024
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