What Next for Netflix, Inc. Stock After Today’s Bullish Options Activity?

 What Next for Netflix, Inc. Stock After Today's Bullish Options Activity?

In today’s session Netflix, Inc. (NFLX) registered an unusually high (2,289) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious NFLX increase. With 2,289 contracts traded and 57484 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: NFLX170120C00128570 closed last at: $3.35 or 2.9% down. About 2.60M shares traded hands. Netflix, Inc. (NASDAQ:NFLX) has risen 25.49% since April 25, 2016 and is uptrending. It has outperformed by 19.48% the S&P500.

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on January, 17. They expect $0.13 earnings per share, up 85.71% or $0.06 from last year’s $0.07 per share. NFLX’s profit will be $55.65M for 224.29 P/E if the $0.13 EPS becomes a reality. After $0.12 actual earnings per share reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 8.33% EPS growth.

Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage

Out of 44 analysts covering Netflix (NASDAQ:NFLX), 26 rate it a “Buy”, 6 “Sell”, while 12 “Hold”. This means 59% are positive. Netflix has been the topic of 109 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Goldman Sachs on Tuesday, July 19. Needham maintained Netflix, Inc. (NASDAQ:NFLX) on Thursday, October 15 with “Buy” rating. The company was initiated on Monday, October 10 by Deutsche Bank. Loop Capital maintained the shares of NFLX in a report on Thursday, November 10 with “Buy” rating. As per Monday, November 21, the company rating was initiated by Brean Capital. BMO Capital Markets maintained Netflix, Inc. (NASDAQ:NFLX) on Tuesday, July 19 with “Perform” rating. On Tuesday, October 18 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Neutral” rating given on Friday, April 1 by Citigroup. The company was initiated on Monday, August 29 by Axiom Capital. The firm has “Neutral” rating given on Friday, August 28 by BNP Paribas.

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.
Wade G W holds 2,383 shares or 0.04% of its portfolio. Castleark Mgmt Ltd Liability Co has 0.21% invested in the company for 71,910 shares. Moreover, Mathes has 0.67% invested in Netflix, Inc. (NASDAQ:NFLX) for 12,539 shares. Vanguard Gru last reported 0.14% of its portfolio in the stock. Fiduciary Trust has 0.01% invested in the company for 4,106 shares. Adage Cap Ptnrs Group Limited Liability Corp last reported 0.16% of its portfolio in the stock. Gareth Morgan Investments Partnership last reported 0.98% of its portfolio in the stock. Commonwealth Bank Of holds 0% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 482 shares. Architects Incorporated has 0.06% invested in the company for 2,299 shares. Moreover, Eqis Capital Mgmt has 0.16% invested in Netflix, Inc. (NASDAQ:NFLX) for 26,314 shares. Moreover, Old Mutual Customised Solutions (Proprietary) Limited has 0.15% invested in Netflix, Inc. (NASDAQ:NFLX) for 6,300 shares. Trust Of Vermont reported 300 shares or 0% of all its holdings. Aperio Gp Limited Liability holds 149,994 shares or 0.11% of its portfolio. First Personal Service last reported 21 shares in the company. Cordasco Fincl Network owns 530 shares or 0.05% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 2 insider buys, and 23 insider sales for $14.65 million net activity. 700 shares were sold by BARTON RICHARD N, worth $66,521 on Wednesday, July 6. HASTINGS REED sold 84,665 shares worth $8.34 million. On Thursday, July 21 HOAG JAY C bought $51.86 million worth of the stock or 600,000 shares. WELLS DAVID B had sold 500 shares worth $60,000 on Wednesday, October 19. $10.73M worth of Netflix, Inc. (NASDAQ:NFLX) shares were sold by SARANDOS THEODORE A. On Wednesday, October 19 BATTLE A GEORGE sold $2.40M worth of the stock or 20,000 shares. HALEY TIMOTHY M sold 23,728 shares worth $2.99 million.

Netflix Inc is an Internet television network with over 86 million members in over 190 countries enjoying more than 125 million hours of television shows and movies per day, including original series, documentaries and feature films. The company has a market cap of $49.93 billion. Members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen. It has a 313.35 P/E ratio.

NFLX Company Profile

Netflix, Inc. (Netflix), incorporated on August 29, 1997, is a well-known provider of Internet television network. The Firm has over 86 million streaming members in over 190 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: Profitconfidential.com which released: “Netflix, Inc.: Could This Tax Hurt Netflix Stock?” on November 27, 2016, also Fool.com with their article: “Better Buy: Netflix, Inc. vs. Facebook, Inc.” published on November 17, 2016, Nasdaq.com published: “Netflix Inc (NFLX) CEO Reed Hastings Sold $8.8 million of Shares” on November 25, 2016. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Fool.com and their article: “How Netflix, Inc. Gained 27% in October” published on November 13, 2016 as well as Investorplace.com‘s news article titled: “2 Ways to Collect on Netflix, Inc. (NFLX) Stock” with publication date: November 22, 2016.

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