Time to Buy Netflix, Inc. After Today’s Option Traders Bet?

 Time to Buy Netflix, Inc. After Today's Option Traders Bet?

In today’s session Netflix, Inc. (NFLX) registered an unusually high (1,079) 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 1,079 contracts traded and 554 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: NFLX161021C00118000 closed last at: $0.76 or 13.4% up. About 11.39M shares traded hands or 30.32% up from the average. Netflix, Inc. (NASDAQ:NFLX) has risen 3.40% since March 14, 2016 and is uptrending. It has underperformed by 2.21% the S&P500.

Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage

Out of 43 analysts covering Netflix (NASDAQ:NFLX), 26 rate it a “Buy”, 6 “Sell”, while 11 “Hold”. This means 60% are positive. Netflix has been the topic of 90 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Buy” rating given on Tuesday, September 1 by Raymond James. Pivotal Research maintained Netflix, Inc. (NASDAQ:NFLX) on Friday, January 8 with “Buy” rating. Citigroup maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, April 19. Citigroup has “Neutral” rating and $106 price target. Vetr downgraded the shares of NFLX in a report on Monday, August 17 to “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, August 18. The company was maintained on Friday, April 1 by Citigroup. The rating was initiated by Loop Capital on Wednesday, October 5 with “Buy”. The rating was initiated by Deutsche Bank on Monday, October 10 with “Sell”. Canaccord Genuity initiated Netflix, Inc. (NASDAQ:NFLX) rating on Friday, July 1. Canaccord Genuity has “Buy” rating and $120 price target. Macquarie Research downgraded the shares of NFLX in a report on Tuesday, September 13 to “Underperform” rating.

According to Zacks Investment Research, “Netflix is the world’s leading Internet television network with millions of subscribers in nearly 50 countries who have access to an ever-expanding library of TV shows and movies, including original programming, documentaries and feature films. The company offers the ability to watch as subscribers want, anytime, anywhere, on nearly any Internet-connected screen.”

Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.26, from 0.87 in 2016Q1. The ratio is positive, 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.
The New York-based Millennium Management Lc has invested 0.02% in Netflix, Inc. (NASDAQ:NFLX). Massachusetts Svcs Company Ma has 0.08% invested in the company for 1.74 million shares. The Illinois-based Blair William & Il has invested 0.02% in Netflix, Inc. (NASDAQ:NFLX). Maplelane Limited Liability Corp last reported 1 shares in the company. North Star Investment Management owns 870 shares or 0.01% of their US portfolio. First Corporation In has 0.01% invested in the company for 95 shares. Winslow Evans Crocker Inc reported 3,036 shares or 0% of all its holdings. Hartford Fincl Management Inc has 0.03% invested in the company for 590 shares. Cim Inv Mangement Inc has 7,966 shares for 0.3% of their US portfolio. Weatherly Asset L P has 2.6% invested in the company for 129,020 shares. Pictet Cie (Europe) accumulated 0.06% or 3,000 shares. Torch Wealth Management Limited Liability Company, a Ohio-based fund reported 4,470 shares. Bokf Na holds 0.06% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 19,173 shares. Tudor Invest Corporation Et Al accumulated 18,697 shares or 0.04% of the stock. Royal London Asset Limited reported 136,263 shares or 0.2% of all its holdings.

Insider Transactions: Since April 19, 2016, the stock had 2 insider buys, and 19 insider sales for $39.64 million net activity. The insider HASTINGS REED sold 84,665 shares worth $8.34M. 600,000 Netflix, Inc. (NASDAQ:NFLX) shares with value of $51.86M were bought by HOAG JAY C. BARTON RICHARD N sold $133,644 worth of stock. Another trade for 16,172 shares valued at $1.56 million was made by HALEY TIMOTHY M on Thursday, April 21.

Netflix, Inc. is a provider of Internet television network. The company has a market cap of $43.39 billion. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. It has a 310.55 P/E ratio. The Firm has three operating divisions: Domestic streaming, International streaming and Domestic DVD.

NFLX Company Profile

Netflix, Inc. (Netflix), incorporated on August 29, 1997, is a well-known provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Firm has three operating divisions: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming divisions derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of digital video disc (DVD)-by-mail.

More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Fool.com which released: “Better Buy: Netflix, Inc. vs Amazon” on October 15, 2016, also Ibtimes.com with their article: “Netflix Inc (NFLX) Earnings Preview 2016: What To Expect In Monday’s Quarterly …” published on October 15, 2016, Etfdailynews.com published: “Netflix Shares Plummet as France Approves Streaming Media Tax” on October 17, 2016. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Fool.com and their article: “3 Terrible Reasons to Sell Netflix, Inc.” published on September 29, 2016 as well as Profitconfidential.com‘s news article titled: “Netflix, Inc.: This Chart Shows Why NFLX Stock Could Explode Higher” with publication date: October 11, 2016.

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