Daiwa Securities Group Inc. Has $837,000 Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Daiwa Securities Group Inc. lowered its position in shares of Roku, Inc. (NASDAQ:ROKU) by 26.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,137 shares of the company’s stock after selling 3,312 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Roku were worth $837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in shares of Roku during the fourth quarter worth $75,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Roku by 19.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,413 shares of the company’s stock worth $2,146,000 after buying an additional 3,829 shares in the last quarter. SVB Wealth LLC lifted its holdings in shares of Roku by 89.7% during the fourth quarter. SVB Wealth LLC now owns 10,011 shares of the company’s stock worth $918,000 after buying an additional 4,735 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Roku by 32.4% during the fourth quarter. Vontobel Holding Ltd. now owns 79,771 shares of the company’s stock worth $7,312,000 after buying an additional 19,543 shares in the last quarter. Finally, Granite Bay Wealth Management LLC lifted its holdings in shares of Roku by 8.1% during the fourth quarter. Granite Bay Wealth Management LLC now owns 19,152 shares of the company’s stock worth $1,602,000 after buying an additional 1,432 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Ratings Changes

ROKU has been the subject of a number of analyst reports. Citigroup dropped their price target on Roku from $110.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Susquehanna boosted their price target on Roku from $100.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, February 16th. Wedbush decreased their target price on Roku from $120.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Roku in a research report on Wednesday, February 21st. Finally, Wells Fargo & Company decreased their target price on Roku from $51.00 to $45.00 and set an “underweight” rating on the stock in a research report on Friday, April 12th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.76.

Insider Activity

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now directly owns 141,221 shares in the company, valued at approximately $13,930,039.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now directly owns 141,221 shares in the company, valued at approximately $13,930,039.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Charles Collier sold 12,277 shares of Roku stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $65.06, for a total value of $798,741.62. Following the completion of the sale, the insider now owns 4,292 shares in the company, valued at $279,237.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,545 shares of company stock worth $4,364,035. 13.63% of the stock is currently owned by insiders.

Roku Stock Performance

Shares of ROKU opened at $62.81 on Friday. The stock’s 50-day simple moving average is $63.11 and its 200 day simple moving average is $78.59. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of -12.51 and a beta of 1.66. Roku, Inc. has a 52-week low of $51.62 and a 52-week high of $108.84.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share for the quarter, beating the consensus estimate of ($0.65) by $0.10. The firm had revenue of $984.40 million for the quarter, compared to analysts’ expectations of $967.72 million. Roku had a negative return on equity of 29.21% and a negative net margin of 20.36%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.70) EPS. On average, research analysts forecast that Roku, Inc. will post -2.12 earnings per share for the current fiscal year.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.