Unusual Call Option Trade in Netflix Worth $891.9K

Investing

Published: May 31, 2023 3:28 am

Last Updated: May 31, 2023 12:36 pm

On May 30, 2023 at 15:59:58 ET an unusually large $891.90K block of Call contracts in Netflix (NFLX) was sold, with a strike price of $390.00 / share, expiring in 3 day(s) (on June 2, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.47 sigmas above the mean, placing it in the 91.89th percentile of all recent large trades made in NFLX options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 3084 funds or institutions reporting positions in Netflix. This is an increase of 106 owner(s) or 3.56% in the last quarter. Average portfolio weight of all funds dedicated to NFLX is 0.64%, an increase of 11.68%. Total shares owned by institutions increased in the last three months by 9.87% to 467,190K shares. The put/call ratio of NFLX is 1.02, indicating a bearish outlook.

Analyst Price Forecast Suggests 2.63% Downside

As of May 11, 2023, the average one-year price target for Netflix is 368.92. The forecasts range from a low of 217.15 to a high of $462.00. The average price target represents a decrease of 2.63% from its latest reported closing price of 378.88.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Netflix is 34,642MM, an increase of 8.56%. The projected annual non-GAAP EPS is 10.75.

What are Other Shareholders Doing?

Ofi Invest Asset Management holds 41,359K shares representing 9.30% ownership of the company.

Capital Research Global Investors holds 18,894K shares representing 4.25% ownership of the company. In it’s prior filing, the firm reported owning 18,542K shares, representing an increase of 1.86%. The firm increased its portfolio allocation in NFLX by 12.73% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 13,787K shares representing 3.10% ownership of the company. In it’s prior filing, the firm reported owning 13,527K shares, representing an increase of 1.89%. The firm increased its portfolio allocation in NFLX by 10.27% over the last quarter.

Capital International Investors holds 12,421K shares representing 2.79% ownership of the company. In it’s prior filing, the firm reported owning 14,930K shares, representing a decrease of 20.20%. The firm decreased its portfolio allocation in NFLX by 6.59% over the last quarter.

AGTHX – GROWTH FUND OF AMERICA holds 12,201K shares representing 2.74% ownership of the company. In it’s prior filing, the firm reported owning 12,615K shares, representing a decrease of 3.39%. The firm increased its portfolio allocation in NFLX by 3.30% over the last quarter.

Netflix Background Information
(This description is provided by the company.)

Netflix is the world’s leading streaming entertainment service with over 195 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.

Key filings for this company: