Traders Purchase Large Volume of Netflix Call Options (NFLX)
Shares of Netflix (NASDAQ:NFLX) saw unusually large options trading on Wednesday. Traders purchased 55,105 call options on the stock, American Banking News reports. This is an increase of approximately 136% compared to the average daily volume of 23,346 call options.
A number of research firms have recently commented on NFLX. 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 equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and twelve have issued a buy rating to the company. Netflix currently has a consensus rating of “Hold” and an average target price of $331.49.
Shares of Netflix (NASDAQ:NFLX) traded down 2.24% during mid-day trading on Wednesday, hitting $330.38. The stock had a trading volume of 5,776,572 shares. Netflix has a 52-week low of $95.75 and a 52-week high of $389.16. The stock has a 50-day moving average of $361.2 and a 200-day moving average of $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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