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Netflix (NASDAQ:NFLX) was the target of some unusual options trading on Wednesday. Stock investors purchased 56,837 put options on the stock, AnalystRatingsNetwork reports. This represents an increase of 151% compared to the typical volume of 22,681 put options.

NFLX has been the subject of a number of recent research reports. Analysts at MKM Partners raised their price target on shares of Netflix from $370.00 to $440.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Nomura initiated coverage on shares of Netflix in a research note to investors on Wednesday. They set a “neutral” rating and a $360.00 price target on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Netflix in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and twelve have assigned a buy rating to the stock. Netflix has a consensus rating of “Hold” and a consensus price target of $331.49.

Netflix (NASDAQ:NFLX) traded down 2.24% during mid-day trading on Wednesday, hitting $330.38. The stock had a trading volume of 5,779,954 shares. Netflix has a one year low of $95.75 and a one year high of $389.16. The stock’s 50-day moving average is $361.2 and its 200-day moving average is $309.4. The company has a market cap of $19.577 billion and a P/E ratio of 282.81.

Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.

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