Stock Traders Purchase High Volume of Netflix Call Options (NFLX)
Netflix (NASDAQ:NFLX) was the target of some unusual options trading on Wednesday. Stock traders acquired 72,404 call options on the stock, AR Network reports. This represents an increase of approximately 137% compared to the typical volume of 30,529 call options.
In other Netflix news, Director Leslie J. Kilgore sold 2,945 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $325.00, for a total value of $957,125.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on NFLX shares. Analysts at TheStreet reiterated a “hold” rating on shares of Netflix in a research note to investors on Tuesday. Separately, analysts at Zacks downgraded shares of Netflix from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, October 4th. They now have a $338.00 price target on the stock. Finally, analysts at MKM Partners reiterated a “buy” rating on shares of Netflix in a research note to investors on Tuesday, October 1st. They now have a $370.00 price target on the stock, up previously from $285.00. Six research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seven have given a buy rating to the company’s stock. Netflix currently has an average rating of “Hold” and a consensus price target of $235.01.
Shares of Netflix (NASDAQ:NFLX) traded down 4.59% on Wednesday, hitting $288.43. 5,990,572 shares of the company’s stock traded hands. Netflix has a 52 week low of $57.40 and a 52 week high of $334.50. The stock’s 50-day moving average is $299.9 and its 200-day moving average is $241.2. The company has a market cap of $16.995 billion and a P/E ratio of 376.49.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 22nd. The company reported $0.49 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.11 earnings per share. Netflix’s revenue was up 20.2% compared to the same quarter last year. Analysts expect that Netflix will post $1.50 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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