In today’s session Netflix, Inc. (NFLX) registered an unusually high (1,210) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious NFLX increase. With 1,210 contracts traded and 5374 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: NFLX161021C00102000 closed last at: $3.75 or 23% up. About 12.12M shares traded hands or 52.45% up from the average. Netflix, Inc. (NASDAQ:NFLX) has risen 4.40% since March 1, 2016 and is uptrending. It has underperformed by 4.84% the S&P500.
Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on October, 12. They expect $0.06 EPS, down 14.29% or $0.01 from last year’s $0.07 per share. NFLX’s profit will be $26.82 million for 425.83 P/E if the $0.06 EPS becomes a reality. After $0.09 actual EPS reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.
Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage
Out of 41 analysts covering Netflix (NASDAQ:NFLX), 25 rate it a “Buy”, 5 “Sell”, while 11 “Hold”. This means 61% are positive. $175 is the highest target while $45.0 is the lowest. The $113.82 average target is 11.37% above today’s ($102.2) stock price. Netflix has been the topic of 88 analyst reports since August 4, 2015 according to StockzIntelligence Inc. BTIG Research maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, July 19. BTIG Research has “Buy” rating and $130 price target. Robert W. Baird maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, April 19. Robert W. Baird has “Neutral” rating and $108 price target. As per Tuesday, April 19, the company rating was maintained by Nomura. As per Wednesday, January 20, the company rating was maintained by Mizuho. As per Tuesday, April 19, the company rating was maintained by Pacific Crest. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Raymond James on Tuesday, September 1. FBR Capital maintained the shares of NFLX in a report on Wednesday, January 20 with “Outperform” rating. The company was maintained on Wednesday, January 20 by Wedbush. The firm has “Overweight” rating given on Thursday, April 7 by JP Morgan. On Tuesday, July 19 the stock rating was maintained by Macquarie Research with “Neutral”.
Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.26, from 0.87 in 2016Q1. The ratio improved, as 100 funds sold all Netflix, Inc. shares owned while 184 reduced positions. 88 funds bought stakes while 232 increased positions. They now own 333.23 million shares or 7.72% less from 361.10 million shares in 2016Q1.
Finemark Bancorp And accumulated 0.01% or 710 shares. Fiduciary Tru Commerce holds 0.01% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 4,106 shares. Seven Eight Lc owns 917 shares or 0.03% of their US portfolio. Dubuque Bank And Tru Communications has 0% invested in the company for 250 shares. Norinchukin Commercial Bank The accumulated 0.05% or 22,466 shares. The Virginia-based Virginia Retirement Et Al has invested 0.13% in Netflix, Inc. (NASDAQ:NFLX). Mariner Wealth Advsr Lc accumulated 3,248 shares or 0.02% of the stock. Toronto Dominion Savings Bank holds 0% or 2,353 shares in its portfolio. Moreover, Sumitomo Life Insur has 0.19% invested in Netflix, Inc. (NASDAQ:NFLX) for 15,356 shares. Cibc Markets last reported 26,760 shares in the company. Nomura Asset Mgmt Ltd last reported 50,851 shares in the company. Geneva Advsr Limited Liability Corporation last reported 0.01% of its portfolio in the stock. The New York-based Mutual Of America Cap Lc has invested 0.1% in Netflix, Inc. (NASDAQ:NFLX). Melvin Cap Lp holds 1.00 million shares or 2.94% of its portfolio. Rafferty Asset Mngmt Ltd Com, a New York-based fund reported 6,950 shares.
Insider Transactions: Since April 5, 2016, the stock had 2 insider purchases, and 19 sales for $32.09 million net activity. 1,400 shares with value of $133,644 were sold by BARTON RICHARD N on Wednesday, August 17. Another trade for 81,816 shares valued at $7.84M was sold by HASTINGS REED. HOAG JAY C also bought $28.29M worth of Netflix, Inc. (NASDAQ:NFLX) on Monday, August 8. 16,172 shares with value of $1.56 million were sold by HALEY TIMOTHY M on Thursday, April 21.
Netflix, Inc. is a provider of Internet television network. The company has a market cap of $45.69 billion. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. It has a 317.88 P/E ratio. The Firm has three operating divisions: Domestic streaming, International streaming and Domestic DVD.
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