Netflix, Inc. (NASDAQ:NFLX) saw unusually large options trading activity on Thursday. Stock investors purchased 6,946 put options on the stock. This represents an increase of approximately 142% compared to the average daily volume of 2,865 put options.

NFLX has been the subject of several research analyst reports. William Blair restated an “outperform” rating on shares of Netflix in a research note on Saturday, January 28th. Loop Capital restated a “buy” rating and set a $159.00 price target on shares of Netflix in a research note on Saturday, January 28th. Bank of America Corp restated a “buy” rating and set a $184.00 price target (up previously from $154.00) on shares of Netflix in a research note on Tuesday, April 18th. Zacks Investment Research lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Finally, Pacific Crest restated an “overweight” rating and set a $170.00 price target on shares of Netflix in a research note on Friday, April 7th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $146.97.

In other news, General Counsel David A. Hyman sold 14,021 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $150.00, for a total transaction of $2,103,150.00. Following the completion of the sale, the general counsel now owns 41,629 shares in the company, valued at approximately $6,244,350. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gregory K. Peters sold 6,909 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $150.02, for a total transaction of $1,036,488.18. Following the sale, the insider now owns 19,999 shares of the company’s stock, valued at approximately $3,000,249.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,587 shares of company stock valued at $57,493,358. 4.90% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares in the last quarter. FMR LLC boosted its stake in Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock worth $3,108,076,000 after buying an additional 1,305,294 shares in the last quarter. State Street Corp boosted its stake in Netflix by 2.7% in the first quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock worth $2,591,946,000 after buying an additional 463,143 shares in the last quarter. Jennison Associates LLC boosted its stake in Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its stake in Netflix by 3.2% in the first quarter. Baillie Gifford & Co. now owns 7,593,097 shares of the Internet television network’s stock worth $1,122,336,000 after buying an additional 234,664 shares in the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

Shares of Netflix (NASDAQ:NFLX) traded up 3.80% on Thursday, hitting $163.74. 5,573,102 shares of the stock traded hands. The stock’s 50 day moving average price is $151.55 and its 200 day moving average price is $137.93. Netflix has a 52-week low of $84.50 and a 52-week high of $163.84. The stock has a market cap of $70.57 billion, a P/E ratio of 211.82 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the business earned $0.06 EPS. The company’s revenue was up 34.7% compared to the same quarter last year. On average, equities analysts expect that Netflix will post $1.04 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/05/25/traders-purchase-high-volume-of-put-options-on-netflix-nflx.html.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

12 Month Chart for NASDAQ:NFLX

Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.