Netflix Target of Unusually Large Options Trading (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) saw some unusual options trading on Thursday. Traders bought 270,542 call options on the stock. This is an increase of 31% compared to the typical volume of 207,138 call options.

Netflix Trading Up 2.1%

Netflix stock traded up $1.98 during midday trading on Thursday, reaching $94.69. The stock had a trading volume of 22,267,576 shares, compared to its average volume of 40,659,777. The firm’s fifty day simple moving average is $111.43 and its two-hundred day simple moving average is $118.63. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. Netflix has a twelve month low of $82.11 and a twelve month high of $134.12. The firm has a market cap of $401.22 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 1.43 and a beta of 1.71.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, topping the consensus estimate of $0.69 by $5.18. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The business had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.52 billion. During the same quarter last year, the firm posted $0.54 earnings per share. Netflix’s revenue was up 17.2% compared to the same quarter last year. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. Equities analysts anticipate that Netflix will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 314,620 shares of Netflix stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $109.98, for a total transaction of $34,603,166.08. Following the sale, the insider owned 316,100 shares of the company’s stock, valued at $34,765,942.40. The trade was a 49.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cletus R. Willems sold 2,380 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $110.03, for a total value of $261,878.54. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,619,840 shares of company stock worth $181,648,613. Corporate insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Optima Capital LLC grew its stake in Netflix by 3.5% in the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after purchasing an additional 8 shares in the last quarter. Unified Investment Management increased its holdings in Netflix by 1.7% in the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after buying an additional 8 shares during the last quarter. Plancorp LLC increased its holdings in Netflix by 0.6% in the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after buying an additional 8 shares during the last quarter. Five Oceans Advisors raised its position in Netflix by 1.1% during the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after acquiring an additional 8 shares in the last quarter. Finally, Old Port Advisors lifted its stake in Netflix by 1.3% in the second quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after acquiring an additional 8 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. President Capital raised shares of Netflix from a “neutral” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Monday, November 3rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $125.00 price objective on shares of Netflix in a research note on Wednesday. Benchmark restated a “hold” rating on shares of Netflix in a research report on Wednesday, October 22nd. DZ Bank reaffirmed a “buy” rating on shares of Netflix in a research note on Friday, December 5th. Finally, Zacks Research cut Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $130.87.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.