Netflix Target of Unusually High Options Trading (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLXGet Rating) was the target of some unusual options trading activity on Monday. Stock traders bought 351,697 call options on the stock. This is an increase of 37% compared to the average daily volume of 256,577 call options.

Hedge Funds Weigh In On Netflix

Several large investors have recently bought and sold shares of the stock. CapWealth Advisors LLC bought a new stake in shares of Netflix during the 1st quarter worth $2,949,000. Gabelli Funds LLC raised its stake in shares of Netflix by 3.6% during the 1st quarter. Gabelli Funds LLC now owns 95,567 shares of the Internet television network’s stock worth $35,798,000 after purchasing an additional 3,300 shares during the period. Duality Advisers LP bought a new stake in shares of Netflix during the 1st quarter worth $752,000. Independent Advisor Alliance raised its stake in shares of Netflix by 9.2% during the 1st quarter. Independent Advisor Alliance now owns 30,488 shares of the Internet television network’s stock worth $11,420,000 after purchasing an additional 2,570 shares during the period. Finally, Achmea Investment Management B.V. bought a new stake in shares of Netflix during the 1st quarter worth $8,484,000. 75.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NFLX shares. JPMorgan Chase & Co. upgraded shares of Netflix from a “neutral” rating to an “overweight” rating and upped their price target for the company from $240.00 to $330.00 in a research report on Wednesday, October 19th. Cowen increased their price target on shares of Netflix from $325.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 19th. Atlantic Securities upgraded shares of Netflix from a “neutral” rating to an “overweight” rating and raised their target price for the company from $211.00 to $283.00 in a research note on Wednesday, September 28th. Oppenheimer raised their target price on shares of Netflix from $325.00 to $365.00 and gave the company an “outperform” rating in a research note on Wednesday, October 19th. Finally, Citigroup raised their price target on shares of Netflix from $275.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, September 16th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Netflix presently has a consensus rating of “Hold” and an average price target of $311.13.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $310.20 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $252.45 and its two-hundred day simple moving average is $219.80. Netflix has a 1-year low of $162.71 and a 1-year high of $700.99. The stock has a market cap of $138.05 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.45 and a beta of 1.28.

Netflix (NASDAQ:NFLXGet Rating) last issued its quarterly earnings data on Tuesday, October 18th. The Internet television network reported $3.10 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.97. Netflix had a return on equity of 27.64% and a net margin of 16.03%. The business had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $7.84 billion. During the same period last year, the business earned $3.19 EPS. The business’s revenue was up 5.9% on a year-over-year basis. As a group, analysts forecast that Netflix will post 10.27 EPS for the current fiscal year.

Netflix Company Profile

(Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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