Traders Buy High Volume of Netflix Put Options (NFLX)
Netflix (NASDAQ:NFLX) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 64,351 put options on the stock, American Banking and Market News reports. This is an increase of approximately 123% compared to the average volume of 28,880 put options.
NFLX has been the subject of a number of recent research reports. Analysts at Morgan Stanley raised their price target on shares of Netflix (NASDAQ:NFLX) to $314.00 in a research note to investors on Thursday, September 5th. Separately, analysts at RBC Capital set a $330.00 price target on shares of Netflix (NASDAQ:NFLX) in a research note to investors on Thursday, September 5th. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Netflix (NASDAQ:NFLX) in a research note to investors on Tuesday, September 3rd.
Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company’s stock. Netflix currently has an average rating of “Hold” and an average price target of $229.23.
Shares of Netflix (NASDAQ:NFLX) traded up 6.43% on Tuesday, hitting $313.06. The stock had a trading volume of 5,237,646 shares. Netflix has a 52 week low of $53.05 and a 52 week high of $298.93. The stock has a 50-day moving average of $264. and a 200-day moving average of $221.8. The company has a market cap of $18.446 billion and a P/E ratio of 366.31.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. Analysts expect that Netflix will post $1.49 EPS for the current fiscal year.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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