Netflix, Inc.’s Trend Down, Especially After This Options Activity

 Netflix, Inc.'s Trend Down, Especially After This Options Activity

In today’s session Netflix, Inc. (NFLX) recorded an unusually high (4,547) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious NFLX decrease. With 4,547 contracts traded and 75614 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: NFLX161216P00130000 closed last at: $10.65 or 5.4% up. About 1.82M shares traded hands. Netflix, Inc. (NASDAQ:NFLX) has risen 16.29% since April 5, 2016 and is uptrending. It has outperformed by 14.33% the S&P500.

Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage

Out of 43 analysts covering Netflix (NASDAQ:NFLX), 25 rate it a “Buy”, 6 “Sell”, while 12 “Hold”. This means 58% are positive. $175 is the highest target while $45.0 is the lowest. The $117.24 average target is -5.74% below today’s ($124.38) stock price. Netflix has been the topic of 107 analyst reports since August 4, 2015 according to StockzIntelligence Inc. FBR Capital maintained Netflix, Inc. (NASDAQ:NFLX) on Wednesday, January 20 with “Outperform” rating. Wunderlich maintained the shares of NFLX in a report on Friday, August 28 with “Buy” rating. BNP Paribas upgraded the stock to “Neutral” rating in Friday, August 28 report. The rating was downgraded by UBS to “Neutral” on Tuesday, July 19. As per Saturday, September 5, the company rating was maintained by Cantor Fitzgerald. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Overweight” rating by Morgan Stanley on Tuesday, October 18. On Tuesday, July 19 the stock rating was maintained by Wedbush with “Underperform”. Robert W. Baird downgraded the shares of NFLX in a report on Monday, January 4 to “Neutral” rating. Axiom Capital maintained the shares of NFLX in a report on Tuesday, October 18 with “Sell” rating. Citigroup maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, April 19. Citigroup has “Neutral” rating and $106 price target.

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 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.
Sigma Planning Corp has 0.13% invested in the company for 10,638 shares. Prudential accumulated 595,021 shares or 0.09% of the stock. First Manhattan Co has 1,130 shares for 0% of their US portfolio. Morgan Stanley last reported 4.70M shares in the company. Atlanta Cap last reported 23,449 shares in the company. Brown Advisory Securities Limited Company holds 0.19% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 6,599 shares. Dg Cap Inc accumulated 1.08% or 11,109 shares. Massachusetts Fincl Svcs Co Ma has invested 0.08% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Shellback Cap L P accumulated 25,000 shares or 0.29% of the stock. Moreover, New Jersey Better Educational Savings has 0.31% invested in Netflix, Inc. (NASDAQ:NFLX) for 5,000 shares. Hl Financial Ser Limited Com accumulated 0.01% or 2,813 shares. Glynn Cap Mngmt Ltd Llc accumulated 141,915 shares or 4.23% of the stock. The Minnesota-based Next Century Growth Invsts Llc has invested 0.1% in Netflix, Inc. (NASDAQ:NFLX). Profund Advsr Ltd Limited Liability Company has 0.29% invested in the company for 66,073 shares. Parkwood Limited last reported 0.57% of its portfolio in the stock.

Insider Transactions: Since May 11, 2016, the stock had 2 insider purchases, and 25 sales for $14.98 million net activity. Shares for $61,415 were sold by WELLS DAVID B. On Thursday, July 21 HOAG JAY C bought $51.86M worth of the stock or 600,000 shares. Shares for $8.10M were sold by HASTINGS REED on Monday, May 23. The insider BARTON RICHARD N sold $630,000. BATTLE A GEORGE had sold 20,000 shares worth $2.40 million on Wednesday, October 19. Another trade for 23,728 shares valued at $2.99M was sold by HALEY TIMOTHY M. SARANDOS THEODORE A sold $10.73 million worth of stock.

Netflix, Inc. is a provider of Internet television network. The company has a market cap of $52.30 billion. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. It has a 334.18 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: “Netflix Inc. Up 24% Since Reporting Q3 Earnings — What Now?” on November 02, 2016, also Investorplace.com with their article: “Have a Hair Trigger on Netflix, Inc. (NFLX)” published on November 03, 2016, Fool.com published: “Netflix, Inc. Earnings: Subscriber Growth Surges Abroad” on October 17, 2016. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Etfdailynews.com and their article: “Netflix Is The Unlikely Winner Of The AT&T-Time Warner Merger” published on November 07, 2016 as well as Usnews.com‘s news article titled: “Netflix, Inc. Stock Is Out of Its Funk (NFLX)” with publication date: October 25, 2016.

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