Roku, Inc. (NASDAQ:ROKU) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its position in shares of Roku, Inc. (NASDAQ:ROKU) by 23.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,201 shares of the company’s stock after selling 1,635 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Roku were worth $388,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. ARK Investment Management LLC lifted its stake in shares of Roku by 1.3% during the 2nd 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 during the period. Vanguard Group Inc. lifted its position in Roku by 0.8% during the first quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company’s stock worth $778,560,000 after buying an additional 92,658 shares during the period. Bank of New York Mellon Corp boosted its stake in Roku by 5.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 500,794 shares of the company’s stock worth $30,013,000 after buying an additional 24,926 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Roku by 138.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 342,400 shares of the company’s stock valued at $22,314,000 after buying an additional 198,600 shares during the period. Finally, Andra AP fonden increased its stake in shares of Roku by 116.6% during the 2nd quarter. Andra AP fonden now owns 293,900 shares of the company’s stock valued at $17,613,000 after acquiring an additional 158,200 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Price Performance

Shares of Roku stock opened at $73.82 on Friday. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84. The company has a market capitalization of $10.72 billion, a PE ratio of -61.52 and a beta of 2.07. The business has a 50-day moving average of $73.47 and a 200-day moving average of $64.18.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm earned ($2.33) EPS. Roku’s quarterly revenue was up 16.5% on a year-over-year basis. On average, equities analysts expect that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the transaction, the chief executive officer now directly owns 5,020 shares in the company, valued at $376,500. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Gilbert Fuchsberg sold 1,693 shares of the firm’s stock in a transaction on 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 directly owns 38,602 shares in the company, valued at $2,485,582.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the sale, the chief executive officer now owns 5,020 shares of the company’s stock, valued at approximately $376,500. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,776 shares of company stock worth $5,267,305. Insiders own 13.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a research report on Thursday, October 31st. Robert W. Baird lifted their price target on shares of Roku from $56.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Bank of America upped their price objective on Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Jefferies Financial Group reduced their target price on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Friday, November 1st. Finally, 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, October 31st. Two 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.95.

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.