Investors Purchase Large Volume of Call Options on Netflix (NFLX)
Netflix (NASDAQ:NFLX) was the target of some unusual options trading on Friday. Stock traders bought 82,609 call options on the company, Analyst Ratings Network.com reports. This represents an increase of approximately 131% compared to the average volume of 35,761 call options.
In other Netflix news, CMO Kelly Bennett unloaded 2,589 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $407.00, for a total transaction of $1,053,723.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on NFLX shares. Analysts at UBS AG initiated coverage on shares of Netflix in a research note to investors on Friday. They set a “buy” rating and a $475.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $475.00 price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating in a research note to investors on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $349.77.
Shares of Netflix (NASDAQ:NFLX) traded up 5.41% on Friday, hitting $429.98. The stock had a trading volume of 4,711,180 shares. Netflix has a 52-week low of $159.00 and a 52-week high of $412.40. The stock’s 50-day moving average is $368.3 and its 200-day moving average is $323.8. The company has a market cap of $25.630 billion and a price-to-earnings ratio of 220.49.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.14. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.13 earnings per share. Netflix’s revenue was up 24.3% compared to the same quarter last year. On average, analysts predict that Netflix will post $4.06 earnings per share for the current fiscal year.
Netflix, Inc is an Internet television network with more than 33 million members in over 40 countries.
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