Bourgeon Capital Management LLC Has $913,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Bourgeon Capital Management LLC trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 26.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 979 shares of the Internet television network's stock after selling 356 shares during the period. Bourgeon Capital Management LLC's holdings in Netflix were worth $913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brown Shipley& Co Ltd acquired a new stake in Netflix in the 4th quarter valued at $27,000. Pathway Financial Advisers LLC lifted its position in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the last quarter. Transce3nd LLC bought a new position in shares of Netflix during the fourth quarter valued at approximately $32,000. Newton One Investments LLC acquired a new stake in Netflix in the fourth quarter worth $34,000. Finally, Pineridge Advisors LLC lifted its position in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Up 1.8%

NASDAQ:NFLX traded up $21.72 during mid-day trading on Wednesday, hitting $1,239.66. The company had a trading volume of 2,353,706 shares, compared to its average volume of 3,746,178. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,242.58. The firm has a market cap of $527.56 billion, a P/E ratio of 62.51, a P/E/G ratio of 2.12 and a beta of 1.58. The business's fifty day moving average is $1,069.06 and its two-hundred day moving average is $980.69.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period last year, the company posted $8.28 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NFLX shares. Canaccord Genuity Group increased their price target on Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets restated an "outperform" rating and set a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Piper Sandler set a $1,150.00 price objective on Netflix and gave the stock an "overweight" rating in a report on Monday, April 21st. KeyCorp boosted their target price on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Moffett Nathanson restated a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,149.91.

Insider Activity

In other Netflix news, insider Cletus R. Willems sold 298 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $35,972,180. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 152,300 shares of company stock worth $169,146,939 in the last 90 days. Corporate insiders own 1.37% of the company's stock.

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.