Traders Purchase Large Volume of Netflix Put Options (NFLX)
Shares of Netflix (NASDAQ:NFLX) saw some unusual options trading activity on Tuesday. Investors bought 48,721 put options on the stock, Stock Ratings Network.com reports. This represents an increase of approximately 130% compared to the average volume of 21,183 put options.
In other Netflix news, CEO Reed Hastings unloaded 15,238 shares of the stock on the open market in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $378.11, for a total transaction of $5,761,640.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
NFLX has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “hold” rating on shares of Netflix in a research note to investors on Tuesday, December 24th. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Netflix in a research note to investors on Thursday, December 19th. Finally, analysts at Citigroup Inc. set a $390.00 price target on shares of Netflix in a research note to investors on Wednesday, December 11th. They now have a “neutral” rating on the stock. Five research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $328.39.
Netflix (NASDAQ:NFLX) traded down 5.58% during mid-day trading on Tuesday, hitting $339.50. The stock had a trading volume of 5,170,914 shares. Netflix has a one year low of $94.55 and a one year high of $389.16. The stock has a 50-day moving average of $362.5 and a 200-day moving average of $304.. The company has a market cap of $20.118 billion and a price-to-earnings ratio of 300.90.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $905.00 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Analysts expect that Netflix will post $1.76 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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