After Today’s Bearish Options Activity, Is Netflix, Inc.’s Near-Term Analysis Positive?

 After Today's Bearish Options Activity, Is Netflix, Inc.'s Near Term Analysis Positive?

In today’s session Netflix, Inc. (NFLX) recorded an unusually high (748) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious NFLX decrease. With 748 contracts traded and 20744 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: NFLX161118P00125000 closed last at: $9.85 or 14.7% down. About 1.83M shares traded hands. Netflix, Inc. (NASDAQ:NFLX) has risen 6.12% since April 18, 2016 and is uptrending. It has outperformed by 1.69% 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. Netflix has been the topic of 108 analyst reports since August 4, 2015 according to StockzIntelligence Inc. JP Morgan maintained the shares of NFLX in a report on Tuesday, April 19 with “Overweight” rating. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Needham on Thursday, October 15. FBR Capital maintained Netflix, Inc. (NASDAQ:NFLX) on Tuesday, October 18 with “Mkt Perform” rating. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Overweight” rating by Pacific Crest on Tuesday, July 19. The company was upgraded on Friday, April 1 by Atlantic Securities. Vetr upgraded it to “Hold” rating and $122.24 target price in Tuesday, September 1 report. The firm earned “Perform” rating on Tuesday, July 19 by BMO Capital Markets. The firm has “Buy” rating given on Friday, January 8 by Pivotal Research. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Overweight” rating given on Tuesday, October 18 by Morgan Stanley. The firm earned “Sell” rating on Monday, October 10 by Deutsche Bank.

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 decreased to 0.95 in 2016 Q2. Its down 0.18, from 1.13 in 2016Q1. The ratio worsened, 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.
Bluemountain Cap Management accumulated 4,742 shares or 0.01% of the stock. Cetera Advisor Netwr Llc holds 0.04% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 7,300 shares. Capwealth Lc owns 643 shares or 0.01% of their US portfolio. Alliancebernstein L P holds 1.20 million shares or 0.09% of its portfolio. Ems Capital Limited Partnership owns 900,000 shares or 8.59% of their US portfolio. Torch Wealth Management has 4,470 shares for 0.3% of their US portfolio. The Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0.18% in Netflix, Inc. (NASDAQ:NFLX). Cornerstone Capital Mgmt Limited Liability Co has 138,915 shares for 0.1% of their US portfolio. Bluefin Trading Llc holds 0.19% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 20,719 shares. Integral Derivatives Limited Com holds 0.06% or 28,338 shares in its portfolio. Meru Cap Gru L P last reported 40,000 shares in the company. First Mercantile Trust accumulated 0.27% or 24,000 shares. Advisor Partners Limited Co accumulated 6,398 shares or 0.2% of the stock. Northeast Inv Management holds 3,193 shares or 0.03% of its portfolio. Point72 Asset Lp last reported 0.52% of its portfolio in the stock.

Insider Transactions: Since May 23, 2016, the stock had 2 insider purchases, and 25 selling transactions for $14.98 million net activity. $9.70 million worth of Netflix, Inc. (NASDAQ:NFLX) was sold by HASTINGS REED. BARTON RICHARD N sold $280,000 worth of stock. WELLS DAVID B sold 500 shares worth $61,415. BATTLE A GEORGE had sold 20,000 shares worth $2.40 million on Wednesday, October 19. 91,966 shares with value of $10.73M were sold by SARANDOS THEODORE A on Tuesday, October 18. $2.99M worth of shares were sold by HALEY TIMOTHY M on Monday, October 31. Another trade for 600,000 shares valued at $51.86 million was made by HOAG JAY C on Thursday, July 21.

Netflix, Inc. is a provider of Internet television network. The company has a market cap of $48.84 billion. The Firm has over 57 million streaming members in over 50 countries. It has a 306.21 P/E ratio. The Company’s members can watch television (TV) shows and movies, including original series, documentaries and feature films in Internet-connected screen.

NFLX Company Profile

Netflix, Inc. (Netflix), incorporated on August 29, 1997, is a well-known provider of Internet television network. The Firm has over 57 million streaming members in over 50 countries. The Company’s members can watch television (TV) shows and movies, including original series, documentaries and feature films in Internet-connected screen. The Company’s divisions include Domestic streaming and International streaming. The Domestic and International streaming divisions derive revenues from monthly membership fees for services consisting of streaming content. Netflix’s members can watch TV shows and movies directly on their TVs, computers and mobile devices. The Firm offers streaming service both domestically and internationally.

More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Investorplace.com which released: “Can Netflix, Inc.’s Stock Surge Continue? (NFLX)” on November 17, 2016, also Foxbusiness.com with their article: “How Netflix, Inc. Gained 27% in October” published on November 13, 2016, Investorplace.com published: “Should Netflix, Inc. (NFLX) Stock Fear … Snapchat?” on November 14, 2016. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Investorplace.com and their article: “Trade of the Day: Netflix, Inc. (NFLX) a Buy on the Pullback” published on November 15, 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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