Corient Private Wealth LLC Has $966,000 Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Corient Private Wealth LLC increased its position in shares of Roku, Inc. (NASDAQ:ROKUFree Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,540 shares of the company’s stock after acquiring an additional 449 shares during the quarter. Corient Private Wealth LLC’s holdings in Roku were worth $966,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Gotham Asset Management LLC lifted its stake in shares of Roku by 200.3% during the third quarter. Gotham Asset Management LLC now owns 41,128 shares of the company’s stock valued at $2,903,000 after acquiring an additional 27,431 shares during the period. Nordea Investment Management AB increased its holdings in Roku by 8.2% in the fourth quarter. Nordea Investment Management AB now owns 7,247 shares of the company’s stock valued at $669,000 after purchasing an additional 551 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Roku by 8.7% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 11,381 shares of the company’s stock valued at $1,043,000 after purchasing an additional 914 shares during the last quarter. Barclays PLC increased its holdings in Roku by 13.0% in the third quarter. Barclays PLC now owns 215,766 shares of the company’s stock valued at $15,231,000 after purchasing an additional 24,765 shares during the last quarter. Finally, Norges Bank bought a new stake in Roku in the fourth quarter valued at about $90,386,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Price Performance

Shares of NASDAQ ROKU opened at $57.94 on Tuesday. The stock has a 50 day moving average price of $59.98 and a 200 day moving average price of $76.31. Roku, Inc. has a 52 week low of $55.01 and a 52 week high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The firm had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. During the same quarter last year, the company earned ($1.38) EPS. The company’s revenue was up 19.0% on a year-over-year basis. As a group, sell-side analysts predict that Roku, Inc. will post -1.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Charles Collier sold 4,182 shares of Roku stock in a transaction on Friday, March 8th. The stock was sold at an average price of $65.00, for a total value of $271,830.00. Following the transaction, the insider now owns 8,474 shares in the company, valued at approximately $550,810. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Charles Collier sold 4,182 shares of Roku stock in a transaction on Friday, March 8th. The stock was sold at an average price of $65.00, for a total value of $271,830.00. Following the transaction, the insider now owns 8,474 shares in the company, valued at approximately $550,810. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey M. Blackburn purchased 8,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $63.96 per share, for a total transaction of $511,680.00. Following the purchase, the director now owns 8,000 shares in the company, valued at approximately $511,680. The disclosure for this purchase can be found here. Insiders have sold a total of 4,595 shares of company stock worth $297,141 in the last 90 days. Company insiders own 13.98% of the company’s stock.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Roku in a report on Friday, May 17th. Susquehanna lowered their price target on Roku from $110.00 to $80.00 and set a “positive” rating for the company in a report on Monday, April 29th. Stephens restated an “overweight” rating and issued a $105.00 price target on shares of Roku in a report on Friday, February 16th. Oppenheimer downgraded Roku from an “outperform” rating to a “market perform” rating in a report on Friday, February 16th. Finally, Pivotal Research lowered their price target on Roku from $85.00 to $75.00 and set a “hold” rating for the company in a report on Friday, February 16th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Roku has an average rating of “Hold” and an average target price of $82.50.

Get Our Latest Analysis on Roku

Roku Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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