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NAS:NFLX, Sep 21, 03:33 UTC

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Large Option Trader Aggressively Dumping Netflix Calls

NFLX

Netflix Inc (NASDAQ: NFLX) shares tanked towards the end of this week as some negative headlines have rattled investors. Some large option traders were aggressively dumping Netflix calls on Friday as investors begin to focus on the launch of the Walt Disney Co (NYSE: DIS) streaming service in November. On Friday morning, Benzinga Pro subscribers received 11 option alerts related to unusually large Netflix trades. Looking at the series of six trades that took place within a two-minute stretch, each trade was executed at a lower price than the last, suggesting even the trades that took place at the midpoint likely represented the same trader attempting to exit a large position. Assuming all six trades were sales, the six trades represented a total sale of 4,485 Netflix call options, or a total bearish bet worth nearly $4 million that Netflix shares will be trading below $291.60 this time next month. Even traders who stick exclusively to stocks often monitor option market activity closely for unusually large trades. In addition, Bernstein analysts said this week that “taking the lower of: a) current multiple (33x EBITDA), or b) 2 std deviations below average (4.5x Sales), decreasing our EBITDA forecast by 10%, the theoretical ‘floor’ for NFLX would be $230.”. While there were also four large bullish Netflix put sales on Friday morning as well, the series of call trades stood out the most because they were almost certainly coming from the same seller.

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Netflix Stock Faces Another Hurdle: Weak International Growth, Analysts Say

NFLX

Netflix stock has been under pressure this year as competition heats up among streaming services, and analysts at Evercore ISI say weaker international growth could create more uncertainty.

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FINAL DEADLINE ALERT - Netflix, Inc. (NFLX) - Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Class Action and Lead Deadline: September 20, 2019

NFLX

Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/nflx. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The lawsuit alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Netflix would not be able to gain its expected target number of new subscribers in the second quarter of 2019; (2) Netflix would also lose subscribers from the United States in the second quarter of 2019; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/nflx, or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Netflix you have until September 20, 2019 to request that the Court appoint you as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation.

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[video]Buy the Dip in Netflix? Not So Fast

NFLX

Netflix stock is getting hit hard in Friday's trading session, falling to new monthly lows. Here's how to trade NFLX stock now.

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Netflix will make a 'big increase' in buying UK content - CEO

NFLX

Netflix will make a 'big increase' in buying UK content - CEO. CAMBRIDGE, England (Reuters) - Netflix <NFLX.O> will make a "big increase" in its investment in British television production next year, taking advantage of the country's strong story-telling expertise, Chief Executive Reed Hastings said on Friday. "The possibilities the internet brings for growing entertainment is phenomenal, and over the next several years with all of the expansion I think we are going to see a very large increase in how much content is produced here in the UK," he said at the RTS television industry conference in Cambridge, England. "This year we spent a little over 400 million pounds ($502 million) in the UK and that's continuing to grow following our subscriber base." Asked if Netflix would spend twice as much next year, he said: "Probably not double, but a big increase."

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Thursday, September 19


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Brookfield Asset Management Inc. Invests $1.76 Million in Netflix, Inc. (NASDAQ:NFLX) – Mayfield Recorder

NFLX

Brookfield Asset Management Inc. purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). In other news, CEO Reed Hastings sold 52,269 shares of the business’s stock in a transaction dated Tuesday, August 20th. In the last quarter, insiders sold 160,717 shares of company stock worth $52,621,735. Nomura reduced their price objective on Netflix from $320.00 to $310.00 and set a “neutral” rating on the stock in a research note on Thursday, July 18th.

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The Zacks Analyst Blog Highlights: FedEx, UPS and Amazon

NFLX DIS +3 more NFLX DIS AMZN T FDX

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. The company missed on earnings and lowered full-year guidance, blaming both the trade war and economic weakness as the key catalysts, but I believe there is more to the story that isn’t being mentioned. FedEx cut ties with e-commerce giant Amazon earlier this year saying that the business wasn’t lucrative and only made up 1% of the company’s total business. Losing a sizable growing business like Amazon and turning them into a competitor is going to cause substantial headwinds for FedEx and even UPS in the future as Amazon relies more heavily on internal logistics.

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Netflix co-founder Marc Randolph: 'Focus' will help it beat Apple, Disney

NFLX DIS +1 more NFLX DIS AAPL

Netflix co-founder Marc Randolph: 'Focus' will help it beat Apple, Disney. With NBCUniversal (CMCSA) unveiling the official name of its streaming service, WarnerMedia’s HBO Max (T) landing a mega deal for “The Big Bang Theory” and Apple TV+ (AAPL) and Disney+ (DIS) gearing up for November launches, it might look like the established players are losing steam. But one former executive is still betting big on Netflix (NFLX), despite the increased competition. “I don’t look at ‘strongest players’ based on content, I look at ‘strongest players’ based on focus,” Netflix co-founder Marc Randolph told Yahoo Finance during a recent interview. Randolph, who led the company in its early years, outlined critical ingredients for entrepreneurial success in his new book “That Will Never Work” and said “the number one [ingredient] is focus.”.

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Wednesday, September 18


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Smart TVs sending sensitive user data to Netflix and Facebook

NFLX

The smart TVs in our homes are leaking sensitive user data to companies including Netflix, Google and Facebook even when some devices are idle, according to two large-scale analyses. Researchers from Northeastern University and Imperial College London found that a number of smart TVs, including those made by Samsung and LG, and the streaming dongles Roku and Amazon’s FireTV were sending out data such as location and IP address to Netflix and third-party advertisers. The data was being sent whether or not the user had a Netflix account.

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Tuesday, September 17


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