Netflix Sees Unusually Large Options Volume (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 341,788 put options on the company. This represents an increase of approximately 37% compared to the average volume of 248,625 put options.

Netflix Price Performance

Netflix stock traded down $0.06 during trading hours on Wednesday, hitting $93.45. 11,997,312 shares of the stock were exchanged, compared to its average volume of 40,756,387. Netflix has a 12 month low of $82.11 and a 12 month high of $134.12. The business’s 50-day moving average is $106.84 and its two-hundred day moving average is $116.97. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $395.96 billion, a P/E ratio of 39.03 and a beta of 1.71.

Netflix (NASDAQ:NFLX) last announced 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 for the quarter, compared to the consensus estimate of $11.52 billion. During the same period in the previous year, the business earned $0.54 EPS. 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 research analysts expect that Netflix will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NFLX. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a report on Wednesday, December 17th. Pivotal Research cut shares of Netflix from a “buy” rating to a “hold” rating and cut their target price for the company from $160.00 to $105.00 in a research note on Monday, December 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $152.50 price target on shares of Netflix in a report on Monday, December 8th. JPMorgan Chase & Co. dropped their price objective on shares of Netflix from $127.50 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. Finally, Wells Fargo & Company reduced their target price on shares of Netflix from $156.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.68.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 26,000 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $117.25, for a total transaction of $3,048,526.00. Following the transaction, the chief financial officer directly owned 36,910 shares of the company’s stock, valued at $4,327,734.41. This represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 20,270 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $109.21, for a total value of $2,213,646.16. Following the sale, the chief executive officer owned 151,680 shares of the company’s stock, valued at approximately $16,564,669.44. This trade represents a 11.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,619,840 shares of company stock worth $181,648,613 in the last ninety days. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently added to or reduced their stakes in the stock. Imprint Wealth LLC acquired a new stake in shares of Netflix in the third quarter valued at approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Netflix in the 2nd quarter valued at $31,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at $28,000. Stephens Consulting LLC raised its position in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after acquiring an additional 15 shares during the last quarter. Finally, Rossby Financial LCC acquired a new position in shares of Netflix during the second quarter valued at $35,000. Institutional investors own 80.93% of the company’s stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix trimmed/reworked its huge bridge financing for the Warner Bros. bid, reducing near‑term financing risk and prompting a positive market reaction. Netflix Stock (NFLX) Rises as It Reworks $59B Loan
• Positive Sentiment: Stock‑split enthusiasm continues to attract high‑profile investors, boosting sentiment and liquidity in NFLX. That buying interest can underpin the stock despite deal uncertainty. 2 Stock-Split Stocks Billionaires Are Piling Into for 2026
• Neutral Sentiment: Zacks and other outlets flag Netflix as a trending/security to watch — helpful for short‑term flow but not a fundamental verdict. Netflix, Inc. (NFLX) Is a Trending Stock
• Neutral Sentiment: Netflix is lining up large bank financing (~$25B reported) to support the Warner bid — this is operationally necessary but details (terms, covenants, timing) will determine impact. Netflix Prepares $25 Billion in Bank Financing for Warner Deal
• Neutral Sentiment: Upcoming earnings are a near‑term catalyst investors are watching for subscriber, margin and cash‑flow signals that could reprice risk around the bid. Here’s What to Expect From Netflix’s Next Earnings Report
• Negative Sentiment: Coverage warns the Warner bid creates near‑term pressure — large price tag, regulatory and bidding‑war risk (Paramount/third‑party interest) could drive volatility or dilution if financing conditions worsen. Should You Sell Netflix Stock Before It Wins the Warner Bros Takeover?
• Negative Sentiment: Heavy insider selling and widespread social‑media concern about the acquisition have amplified downside risk and investor nervousness. Netflix Stock Opinions on Warner Bros. Acquisition Uncertainty
• Negative Sentiment: Competitive threats remain (YouTube daytime dominance, ad monetization dynamics) that could limit upside if content/ad markets weaken. YouTube Has a Firm Grip on Daytime TV

Netflix Company Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.