Stock Traders Purchase High Volume of Call Options on Netflix (NFLX)
Netflix (NASDAQ:NFLX) saw some unusual options trading on Friday. Investors bought 79,300 call options on the company, Analyst Ratings Network reports. This represents an increase of 166% compared to the typical volume of 29,858 call options.
In other Netflix news, Insider Neil D. Hunt sold 5,000 shares of the stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $421.76, for a total transaction of $2,108,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $425.44.
Shares of Netflix (NASDAQ:NFLX) traded up 1.82% on Friday, hitting $459.09. The stock had a trading volume of 3,148,132 shares. Netflix has a 52-week low of $251.13 and a 52-week high of $475.87. The stock’s 50-day moving average is $441.5 and its 200-day moving average is $406.4. The company has a market cap of $27.587 billion and a P/E ratio of 135.19.
Netflix (NASDAQ:NFLX) last released its earnings data on Monday, July 21st. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. On average, analysts predict that Netflix will post $3.86 earnings per share 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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