Netflix Target of Unusually High Options Trading (NFLX)
Shares of Netflix (NASDAQ:NFLX) were the recipient of unusually large options trading activity on Friday. Investors bought 59,471 put options on the company, AnalystRatings.NET reports. This represents an increase of 110% compared to the typical volume of 28,264 put options.
In other Netflix news, Insider Neil D. Hunt unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Friday, August 1st. The shares were sold at an average price of $421.76, for a total value of $2,108,800.00. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on NFLX shares. Analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of Netflix in a research note on Friday. Separately, analysts at Topeka Capital Markets raised their price target on shares of Netflix from $517.00 to $527.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Netflix in a research note on Thursday, July 24th. They now have a $449.00 price target on the stock. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $425.44.
Netflix (NASDAQ:NFLX) traded up 1.82% during mid-day trading on Friday, hitting $459.09. 3,148,132 shares of the company’s stock traded hands. Netflix has a 1-year low of $251.13 and a 1-year high of $475.87. The stock has a 50-day moving average of $441.5 and a 200-day moving average of $406.4. The company has a market cap of $27.587 billion and a P/E ratio of 135.19.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 21st. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.14 by $0.01. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company posted $0.49 earnings per share. Netflix’s revenue was up 25.4% compared to the same quarter last year. Analysts expect that Netflix will post $3.86 EPS for the current fiscal year.
Netflix, Inc is an Internet television network with more than 44 million members in over 40 countries.
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