Van ECK Associates Corp Sells 1,194 Shares of Roku, Inc. (NASDAQ:ROKU)

Van ECK Associates Corp decreased its position in Roku, Inc. (NASDAQ:ROKU – Get Rating) by 11.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,545 shares of the company’s stock after selling 1,194 shares during the period. Van ECK Associates Corp’s holdings in Roku were worth $388,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in Roku by 772.1% in the 1st quarter. Renaissance Technologies LLC now owns 2,808,100 shares of the company’s stock valued at $351,771,000 after buying an additional 2,486,100 shares during the last quarter. Wellington Management Group LLP raised its position in Roku by 97.2% in the 1st quarter. Wellington Management Group LLP now owns 4,174,003 shares of the company’s stock valued at $522,878,000 after buying an additional 2,057,633 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Roku in the 3rd quarter valued at approximately $31,636,000. ANTIPODES PARTNERS Ltd raised its position in Roku by 86.0% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 981,612 shares of the company’s stock valued at $39,951,000 after buying an additional 453,787 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Roku by 6.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,847,444 shares of the company’s stock valued at $319,391,000 after buying an additional 444,022 shares during the last quarter. Institutional investors own 66.11% of the company’s stock.

Insider Activity at Roku

In other Roku news, insider Gidon Katz sold 3,694 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $57.50, for a total value of $212,405.00. Following the completion of the sale, the insider now directly owns 15,450 shares of the company’s stock, valued at $888,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Roku news, insider Mustafa Ozgen sold 8,812 shares of the firm’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $61.93, for a total value of $545,727.16. Following the completion of the sale, the insider now directly owns 25,338 shares of the company’s stock, valued at $1,569,182.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gidon Katz sold 3,694 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $57.50, for a total value of $212,405.00. Following the completion of the sale, the insider now directly owns 15,450 shares of the company’s stock, valued at $888,375. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,511 shares of company stock valued at $1,166,134. 13.79% of the stock is owned by insiders.

Roku Price Performance

Shares of Roku stock opened at $52.23 on Wednesday. Roku, Inc. has a 52 week low of $38.26 and a 52 week high of $105.85. The business has a 50 day moving average price of $60.24 and a 200-day moving average price of $56.26.

Roku (NASDAQ:ROKU – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The company reported ($1.38) EPS for the quarter, topping the consensus estimate of ($1.44) by $0.06. The firm had revenue of $741.00 million during the quarter, compared to the consensus estimate of $707.59 million. Roku had a negative return on equity of 24.71% and a negative net margin of 21.23%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.19) earnings per share. As a group, equities research analysts expect that Roku, Inc. will post -5.23 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Jefferies Financial Group boosted their price target on Roku from $36.00 to $41.00 and gave the stock an “underperform” rating in a research report on Thursday, April 27th. SpectralCast reaffirmed a “maintains” rating on shares of Roku in a research report on Thursday, April 27th. Citigroup lowered their price target on Roku from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, February 14th. Bank of America lifted their target price on Roku from $85.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, April 27th. Finally, Pivotal Research reduced their target price on Roku from $55.00 to $53.00 and set a “sell” rating for the company in a research note on Thursday, April 27th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.04.

About Roku

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Roku, Inc engages in the provision of a streaming platform for television. It operates through the Platform and Devices segments. The Platform segment includes digital advertising and related services including the demand-side platform and content distribution services such as subscription and transaction revenue shares, media and entertainment promotional spending, the sale of premium subscriptions, and the sale of branded channel buttons on remote controls.