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Thursday, January 20, 2022

NFLX Trading Options Unusually High

Netflix Inc. (NASDAQ: NFLX) bore witness to uncharacteristically large trading options on Wednesday. Investors bought 211348 options on call which is a 60% increase to the usual daily volume.

Stock Overview Of NFLX

Quite a few research analysts issued reports on NFLX recently. Rosenblatt Securities upped their target price to $450 from $425 for the stock while issuing a rating of “neutral” on 20th January, Wednesday. Wells Fargo & Company increased their rating to “overweight” from “equal weight” upped their objective price to $700 from $510 on 20th January, Wednesday for the stock. Credit Suisse Group issued a rating of “neutral” on Monday and set the price target to $586. Canaccord Genuity decreased its price target to $650 from $670 while issuing a rating of “buy” on Wednesday. Finally, BMO Capital Markets reissued their rating which is a “buy” and set their price target to $700 on 15th March, Monday.

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On Wednesday, NFLX shares moved downwards before reaching a value of $507.03. The company’s market capitalization value stands at $224.56B with a 0.92 beta. The highest and the lowest value of the stock in a year are $593.29 and $393.60 respectively. The rolling average of NFLX over 50 days stands at $528.53 while that for 200 days stands at $520.85. In its latest quarterly earnings announcement on 19th April, Monday, it reported an EPS of $3.75, hitting the estimated $2.98. The stock also has an 11.78% net margin.

Jay C. Hoag, the Director, sold off 974 NFLX shares on 5th February, Friday at a $548.93 average price per share. The director also sold off 3578 of the shares on 8th February, Monday at a $553.16 average price per share.

Litman Gregory Asset Management, Valley Brook Capital Group, ShoreHaven Wealth Partners LLC, Addison Advisors LLC, and NuWave Investment Management LLC all increased their share of NFLX shares.

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