Roku, Inc. (NASDAQ:ROKU) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in Roku, Inc. (NASDAQ:ROKU) by 8,030.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,780 shares of the company’s stock after acquiring an additional 107,442 shares during the quarter. International Assets Investment Management LLC owned about 0.08% of Roku worth $8,122,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Roku in the third quarter valued at approximately $43,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Roku by 835.6% in the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after acquiring an additional 610 shares during the period. Cedar Wealth Management LLC acquired a new stake in shares of Roku in the second quarter valued at approximately $48,000. Finally, Natixis acquired a new stake in shares of Roku in the first quarter valued at approximately $53,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Stock Down 17.3 %

ROKU opened at $64.08 on Friday. The firm has a market cap of $9.24 billion, a P/E ratio of -16.06 and a beta of 2.08. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The business’s fifty day simple moving average is $73.24 and its 200 day simple moving average is $63.66.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.29. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the company earned ($2.33) earnings per share. As a group, equities analysts expect that Roku, Inc. will post -1.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on ROKU. Benchmark restated a “buy” rating and set a $105.00 price target on shares of Roku in a research note on Thursday, September 12th. Robert W. Baird upped their price target on Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Citigroup upped their price target on Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Rosenblatt Securities upped their price target on Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Morgan Stanley upped their price target on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $83.71.

Insider Activity at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares in the company, valued at $376,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total value of $76,250.00. Following the completion of the sale, the chief financial officer now owns 53,267 shares in the company, valued at $4,061,608.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares of the company’s stock, valued at $376,500. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,566 shares of company stock valued at $5,254,000 over the last quarter. Insiders own 13.98% of the company’s stock.

Roku Company Profile

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.