Netflix Target of Unusually High Options Trading (NFLX)
Netflix, Inc. (NASDAQ:NFLX) was the recipient of some unusual options trading activity on Friday. Investors purchased 41,348 call options on the company. This is an increase of approximately 115% compared to the average volume of 19,264 call options.
Netflix (NASDAQ NFLX) opened at 152.72 on Wednesday. The firm has a 50-day moving average of $158.41 and a 200-day moving average of $142.32. The company has a market capitalization of $65.82 billion, a P/E ratio of 197.57 and a beta of 0.96. Netflix has a one year low of $84.50 and a one year high of $166.87.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Netflix had a return on equity of 12.73% and a net margin of 3.55%. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. On average, analysts anticipate that Netflix will post $1.04 earnings per share for the current year.
In other news, insider Tawni Cranz sold 2,135 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $146.49, for a total transaction of $312,756.15. Following the sale, the insider now owns 2,135 shares of the company’s stock, valued at approximately $312,756.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel David A. Hyman sold 14,021 shares of the firm’s stock in a transaction dated 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 sale, the general counsel now directly owns 41,629 shares in the company, valued at approximately $6,244,350. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 408,518 shares of company stock worth $61,496,953. Insiders own 4.90% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Clean Yield Group bought a new position in shares of Netflix during the first quarter valued at about $103,000. SRS Capital Advisors Inc. boosted its position in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares during the last quarter. Harfst & Associates Inc. bought a new position in shares of Netflix during the first quarter valued at about $109,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Netflix during the fourth quarter valued at about $114,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock valued at $114,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.
A number of brokerages have recently issued reports on NFLX. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $168.81 price target on the stock in a report on Monday. Cantor Fitzgerald raised their price target on shares of Netflix from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, June 6th. Instinet reaffirmed a “buy” rating on shares of Netflix in a report on Friday, June 2nd. Sanford C. Bernstein reaffirmed a “buy” rating and set a $178.00 price target on shares of Netflix in a report on Wednesday, May 31st. Finally, MKM Partners reaffirmed a “buy” rating and set a $195.00 price target (up previously from $175.00) on shares of Netflix in a report on Monday, May 29th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $148.22.
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Netflix Company Profile
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.
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