Netflix shares trimmed by Oddo BHF as analysts reaffirm bullish outlook

Oddo BHF Asset Management Sas reduced its holding in Netflix Inc. (NASDAQ:NFLX) by 17.8% in the first quarter, selling 85,035 shares and leaving a balance of 393,936 shares valued at roughly $37.9 million. The stake now represents about 1.5% of the fund’s portfolio, making Netflix its sixth‑largest holding.

Analysts highlighted Netflix’s strong second‑quarter performance, noting revenue growth of 13.4% that met management guidance and margins that exceeded forecasts. The company reported double‑digit subscriber growth across all regions and projected advertising revenue to reach $3 billion by 2026, expanding into 15 new markets by 2027. Valuation was cited at a 23.18‑times P/E (non‑GAAP) with a 3.6% free‑cash‑flow yield. A record $5 billion share buyback and a reaffirmed operating‑margin target of 31.5% supported continued buy recommendations, including a "Buy" rating and a $125 price target from Bank of America.