PNC Financial Services Group Inc. Has $113.07 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

PNC Financial Services Group Inc. reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,413 shares of the Internet television network's stock after selling 4,068 shares during the period. PNC Financial Services Group Inc.'s holdings in Netflix were worth $113,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Denver PWM LLC acquired a new stake in Netflix during the 2nd quarter worth $25,000. Proffitt & Goodson Inc. grew its stake in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network's stock valued at $32,000 after buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock worth $34,000 after buying an additional 42 shares during the period. AlphaMark Advisors LLC raised its position in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network's stock valued at $35,000 after purchasing an additional 45 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix during the 3rd quarter worth $37,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company's stock, valued at $9,490,250. This trade represents a 25.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,866 shares of company stock worth $133,393,921 over the last 90 days. Insiders own 1.76% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent analyst reports. TD Cowen boosted their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. UBS Group boosted their price target on shares of Netflix from $750.00 to $825.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Pivotal Research raised their price objective on Netflix from $925.00 to $1,100.00 and gave the stock a "buy" rating in a report on Wednesday. Morgan Stanley boosted their target price on Netflix from $820.00 to $830.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Finally, Oppenheimer lifted their price target on Netflix from $775.00 to $825.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $758.76.

Netflix Trading Up 1.4 %

NFLX traded up $12.53 during trading on Wednesday, hitting $883.85. The company's stock had a trading volume of 4,088,428 shares, compared to its average volume of 3,663,830. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $890.60. The firm's 50 day moving average price is $747.20 and its 200-day moving average price is $686.80. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $377.81 billion, a PE ratio of 50.02, a PEG ratio of 1.59 and a beta of 1.25.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. On average, analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.