Stock Traders Purchase High Volume of Call Options on Netflix (NFLX)

Morgan Stanley

Morgan Stanley

More notable recent Netflix, Inc. (NFLX) by 13.45% based on its latest 2016Q4 regulatory filing with the SEC. The current share price indicates that stock is -5.19% away from its one year high and is moving 87.23% ahead of its 52-week low. Clean Yield Group acquired a new position in Netflix during the first quarter valued at $103,000. The Barclays Plc holds 600,995 shares with $74.40 million value, down from 671,700 last quarter. The Bronson Point Management Llc holds 1,500 shares with $186,000 value, down from 40,000 last quarter. (NASDAQ:NFLX). Mitsubishi Ufj Tru Banking holds 1.27M shares. Candriam Luxembourg S.C.A. now owns 32,193 shares of the Internet television network's stock valued at $3,173,000 after buying an additional 6,671 shares during the last quarter. Cardinal Capital Management Llc sold 44,760 shares as Fairpoint Communications Inc (FRP)'s stock declined 22.68%. While looking the figure depicted by the Price to Earning we can suggest that the shares of Netflix, Inc. (NASDAQ:NFLX). Melvin LP invested 1.77% in Netflix, Inc. The company's stock had a trading volume of 3,107,318 shares. The company has a market capitalization of $69.44 billion, a price-to-earnings ratio of 208.43 and a beta of 0.98. Netflix also was the target of unusually large options trading on Wednesday. Investors purchased 41,348 call options on the stock. This represents an increase of 108% compared to the average volume of 20,128 put options.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.03. While Netflix did offer a better-than-expected subscriber forecast for the current quarter, saying it expects to add 3.2 million customers globally, it also revealed in April that it was set to cross the 100 million subscriber mark in a week's time. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the business posted $0.06 earnings per share.

Netflix, Inc. has a consensus outperform rating from 42 Wall Street analysts, and the number of shares now sold short amount to at least 6.26% of shares outstanding.

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Yet another important factor while evaluating a good buy/sell decision for Netflix, Inc. (NASDAQ:NFLX) were released by: "Seekingalpha.com and their article: "'Stranger Things' In Netflix's Accounting Methods" published on July 10, 2017 as well as Fool.com's news article titled: "How Netflix, Inc. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & global trademark & copyright laws. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/oppenheimer-co-inc-has-7-48-million-position-in-netflix-inc-nasdaqnflx-updated/1132383.html.

NFLX has been the topic of several recent research reports. FBR & Co restated a "market perform" rating and issued a $145.00 price target on shares of Netflix in a research report on Friday. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Finally, Wedbush reiterated an "underperform" rating and set a $73.00 target price on shares of Netflix in a report on Wednesday. MKM Partners reaffirmed a "buy" rating and set a $195.00 target price on shares of Netflix in a report on Monday.

A number of other research analysts also recently issued reports on the company. The stock has "Buy" rating by BTIG Research on Tuesday, July 19. The shares were sold at an average price of $150.00, for a total transaction of $2,103,150.00. Following the sale, the chief executive officer now owns 115,577 shares of the company's stock, valued at approximately $17,640,517.51. The company announced the split March 28 when it filed paperwork with the Securities and Exchange Commission, and the move was approved by shareholders and the board of directors May 10. The shares retook their 80-day moving average last week, which has acted as support for NFLX over the past year, ushering the stock more than 60% higher. Following the completion of the sale, the director now owns 8,012 shares of the company's stock, valued at approximately $1,180,888.68. The disclosure for this sale can be found here. Insiders sold a total of 421,458 shares of company stock valued at $64,206,893 over the last 90 days.

Netflix, Inc.is a provider an Internet television network. Analysts are looking for the company to add 600,000 US streaming subscribers, along with and 2.6 million worldwide subs. The Domestic streaming segment includes services that streams content to its members in the United States. On the other hand, global streaming segment is expected to report a loss of $28 million.

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