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Netflix reports strong earnings; stock reaction mixed as some investors buy, others sell.
Netflix reported strong second-quarter earnings, beating estimates with $7.19 EPS and 15.9% revenue growth to $11.08 billion.
Despite this, some investors like Whitaker Myers Wealth Managers reduced their holdings, while others like Abner Herrman & Brock LLC increased theirs.
Analysts have a "Moderate Buy" rating on the stock with a price target of $1,317.58.
Netflix's CFO also recently sold shares, but the company continues to attract investment with its streaming services.
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Netflix reporta fuertes ganancias; la reacción de las acciones es mixta, ya que algunos inversores compran, otros venden.