Netflix Sees Unusually Large Options Volume (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) was the recipient of unusually large options trading on Thursday. Traders bought 828,879 put options on the company. This is an increase of 163% compared to the typical volume of 315,490 put options.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 20,270 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $109.21, for a total transaction of $2,213,646.16. Following the completion of the transaction, the chief executive officer directly owned 151,680 shares in the company, valued at $16,564,669.44. The trade was a 11.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 314,620 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 316,100 shares of the company’s stock, valued at approximately $34,765,942.40. This represents a 49.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,598,370 shares of company stock worth $168,251,193. 1.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Netflix

A number of hedge funds have recently added to or reduced their stakes in the stock. BG Investment Services Inc. acquired a new position in Netflix in the 2nd quarter valued at $338,000. Sava Infond d.o.o. lifted its stake in shares of Netflix by 25.1% in the second quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock worth $2,002,000 after buying an additional 300 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its stake in shares of Netflix by 1.4% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock worth $1,324,000 after buying an additional 14 shares in the last quarter. Boomfish Wealth Group LLC acquired a new position in Netflix during the second quarter worth about $398,000. Finally, New York Life Investment Management LLC grew its stake in Netflix by 1.2% during the 2nd quarter. New York Life Investment Management LLC now owns 57,951 shares of the Internet television network’s stock valued at $77,604,000 after acquiring an additional 664 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Shares of Netflix stock traded down $0.50 during trading hours on Thursday, hitting $88.05. The company’s stock had a trading volume of 36,800,750 shares, compared to its average volume of 42,382,859. The company has a market cap of $373.10 billion, a PE ratio of 36.78 and a beta of 1.71. 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 business has a 50 day moving average price of $99.84 and a two-hundred day moving average price of $113.42. Netflix has a 12-month low of $82.11 and a 12-month high of $134.12.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate of $6.96 by ($1.09). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The company had revenue of $11.51 billion during the quarter, compared to analysts’ expectations of $11.51 billion. During the same quarter in the previous year, the firm earned $5.40 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. Analysts expect that Netflix will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NFLX. UBS Group set a $142.00 price target on Netflix in a research report on Monday, December 8th. Moffett Nathanson reissued a “buy” rating on shares of Netflix in a research report on Wednesday, November 12th. Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Netflix in a report on Tuesday, December 9th. JPMorgan Chase & Co. decreased their price target on shares of Netflix from $127.50 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. Finally, Morgan Stanley set a $120.00 price objective on shares of Netflix in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.91.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Ad?tier momentum: Netflix’s ad-supported tier is showing accelerated growth with a record ad quarter and plans to double ad revenues in 2025 — a material, higher?margin revenue stream if it continues to scale. Netflix Ad-Tier Growth Accelerates
• Positive Sentiment: Content pipeline boost: Netflix struck a global deal to stream Sony Pictures’ films after their theatrical windows — strengthens future content slate and subscriber value. Netflix inks global deal to stream Sony Pictures’ films
• Positive Sentiment: Some analyst conviction remains: Select firms (e.g., BMO) have reaffirmed buy ratings and high price targets based on long?term ad and subscriber potential. Buy Rating Reaffirmed on Strong Fundamentals
• Neutral Sentiment: Earnings catalyst ahead: Q4 2025 results (after the close Jan. 20) could either reset the narrative if ad and subscriber metrics reaccelerate or confirm concerns after Q3’s miss — event risk for short?term traders. What I’m watching for in Netflix’s earnings report
• Negative Sentiment: M&A overhang and analyst cuts: Continued uncertainty around the proposed Warner Bros. deal has prompted price?target cuts and investor hesitation; Wedbush and others cite the takeover as a key overhang. Netflix shares lag ahead of earnings, analysts lower price target on M&A overhang
• Negative Sentiment: All?cash bid risk: Reports that Netflix is considering converting its WBD offer to an all?cash bid raise concerns about near?term cash needs, EPS dilution or financing complexity if the company pushes to close the deal. Netflix preparing all-cash offer for Warner Bros
• Negative Sentiment: Legal and disclosure uncertainty: A judge ruled Warner Bros. Discovery doesn’t have to promptly disclose deal details sought by rivals — prolongs information vacuum and keeps takeover uncertainty elevated. Warner Discovery Doesn’t Need to Disclose Netflix Deal Details

About Netflix

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.