Daiwa Securities Group Inc. Has $1.47 Million Stake in Roku, Inc. (NASDAQ:ROKU)

Daiwa Securities Group Inc. lifted its position in Roku, Inc. (NASDAQ:ROKUGet Rating) by 110.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,082 shares of the company’s stock after purchasing an additional 13,703 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Roku were worth $1,471,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ROKU. Renaissance Technologies LLC raised its stake in shares of Roku by 772.1% in the first quarter. Renaissance Technologies LLC now owns 2,808,100 shares of the company’s stock valued at $351,771,000 after purchasing an additional 2,486,100 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Roku by 97.2% in the first quarter. Wellington Management Group LLP now owns 4,174,003 shares of the company’s stock valued at $522,878,000 after purchasing an additional 2,057,633 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Roku by 23.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,403,422 shares of the company’s stock valued at $417,553,000 after purchasing an additional 1,408,323 shares in the last quarter. Nikko Asset Management Americas Inc. raised its stake in shares of Roku by 31.1% in the second quarter. Nikko Asset Management Americas Inc. now owns 5,664,840 shares of the company’s stock valued at $462,251,000 after purchasing an additional 1,344,218 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Roku by 4.3% in the first quarter. Vanguard Group Inc. now owns 10,483,460 shares of the company’s stock valued at $1,313,263,000 after purchasing an additional 434,663 shares in the last quarter. 66.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of analyst reports. Rosenblatt Securities cut Roku from a “buy” rating to a “neutral” rating and lowered their price target for the company from $100.00 to $51.00 in a research report on Thursday, November 3rd. Needham & Company LLC lowered their price target on Roku from $95.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Oppenheimer upped their price target on Roku from $58.00 to $70.00 in a research report on Friday, November 18th. Wedbush lowered their price target on Roku from $85.00 to $75.00 and set an “outperform” rating on the stock in a research report on Monday, October 31st. Finally, KeyCorp lowered their price target on Roku from $80.00 to $72.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 1st. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $87.36.

Roku Price Performance

NASDAQ:ROKU opened at $52.39 on Monday. Roku, Inc. has a 1-year low of $38.26 and a 1-year high of $177.96. The business’s 50-day moving average price is $49.61 and its two-hundred day moving average price is $61.75.

Roku (NASDAQ:ROKUGet Rating) last released its earnings results on Wednesday, November 2nd. The company reported ($0.88) earnings per share for the quarter, beating the consensus estimate of ($1.37) by $0.49. The firm had revenue of $761.37 million for the quarter, compared to analyst estimates of $698.93 million. Roku had a negative return on equity of 8.50% and a negative net margin of 7.59%. Analysts predict that Roku, Inc. will post -3.63 earnings per share for the current year.

Insider Transactions at Roku

In other news, SVP Stephen H. Kay sold 1,469 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $56.46, for a total transaction of $82,939.74. Following the sale, the senior vice president now owns 81,290 shares of the company’s stock, valued at $4,589,633.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Gilbert Fuchsberg sold 2,040 shares of the firm’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $59.16, for a total transaction of $120,686.40. Following the sale, the senior vice president now owns 32,645 shares of the company’s stock, valued at $1,931,278.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Stephen H. Kay sold 1,469 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $56.46, for a total value of $82,939.74. Following the sale, the senior vice president now directly owns 81,290 shares in the company, valued at approximately $4,589,633.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,519 shares of company stock valued at $599,411 over the last 90 days. 13.79% of the stock is owned by company insiders.

Roku Profile

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Roku, Inc engages in the provision of a streaming platform for television. It operates through the following business segments: Platform and Player. The Platform segment includes digital advertising and related services including the OneView ad platform, content distribution, and licensing arrangements with service operators and TV brands.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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