Roku, Inc. (NASDAQ:ROKU) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in Roku, Inc. (NASDAQ:ROKU) by 13.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,347 shares of the company’s stock after selling 2,851 shares during the quarter. Private Advisor Group LLC’s holdings in Roku were worth $1,370,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ROKU. Nikko Asset Management Americas Inc. grew its position in Roku by 25.8% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock valued at $462,108,000 after buying an additional 1,455,408 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Roku by 138.1% during the first quarter. Canada Pension Plan Investment Board now owns 342,400 shares of the company’s stock valued at $22,314,000 after acquiring an additional 198,600 shares during the period. AQR Capital Management LLC increased its stake in shares of Roku by 645.3% during the second quarter. AQR Capital Management LLC now owns 221,557 shares of the company’s stock valued at $13,278,000 after acquiring an additional 191,831 shares during the period. ARK Investment Management LLC raised its holdings in Roku by 1.3% during the second quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company’s stock worth $762,096,000 after purchasing an additional 159,785 shares in the last quarter. Finally, Andra AP fonden lifted its position in Roku by 116.6% in the second quarter. Andra AP fonden now owns 293,900 shares of the company’s stock worth $17,613,000 after purchasing an additional 158,200 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on ROKU. Morgan Stanley boosted their price objective on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday. Bank of America boosted their price target on shares of Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Benchmark reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Roku in a research note on Thursday, September 12th. Wedbush increased their target price on shares of Roku from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Wolfe Research upgraded shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price target on the stock in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $83.71.

Insiders Place Their Bets

In other news, insider Gilbert Fuchsberg sold 1,693 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total transaction of $109,012.27. Following the transaction, the insider now owns 38,602 shares in the company, valued at approximately $2,485,582.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the transaction, the insider now owns 38,602 shares of the company’s stock, valued at approximately $2,485,582.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $376,500. This trade represents a 0.00 % decrease in their ownership of the stock. 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 in the last three months. Insiders own 13.98% of the company’s stock.

Roku Stock Performance

ROKU stock opened at $64.08 on Friday. The firm has a 50 day simple moving average of $73.24 and a 200 day simple moving average of $63.66. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The stock has a market cap of $9.24 billion, a P/E ratio of -16.06 and a beta of 2.08.

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

Roku 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.