Stratos Wealth Partners LTD. Buys Shares of 4,348 Roku, Inc. (NASDAQ:ROKU)

Stratos Wealth Partners LTD. purchased a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,348 shares of the company’s stock, valued at approximately $306,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROKU. FMR LLC grew its position in shares of Roku by 31.7% during the fourth quarter. FMR LLC now owns 19,183,942 shares of the company’s stock worth $1,426,134,000 after buying an additional 4,613,570 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Roku by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock valued at $910,597,000 after purchasing an additional 185,676 shares during the period. Marshall Wace LLP increased its holdings in shares of Roku by 663.9% during the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock valued at $173,644,000 after purchasing an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Roku by 10.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company’s stock worth $168,734,000 after acquiring an additional 215,841 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Roku by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock worth $159,353,000 after acquiring an additional 56,820 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ROKU. FBN Securities began coverage on Roku in a research note on Friday, March 28th. They issued an “outperform” rating and a $93.00 price target on the stock. Redburn Atlantic upgraded Roku from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, April 7th. Bank of America raised their price objective on Roku from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. Evercore ISI decreased their price objective on Roku from $105.00 to $80.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. Finally, Benchmark reiterated a “buy” rating and set a $130.00 price target on shares of Roku in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.67.

Roku Stock Down 0.6%

Shares of ROKU opened at $89.28 on Wednesday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The firm has a market capitalization of $13.03 billion, a PE ratio of -122.30 and a beta of 2.12. The stock’s fifty day simple moving average is $77.95 and its 200-day simple moving average is $75.79.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.08. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.35) earnings per share. Analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling at Roku

In related news, insider Charles Collier sold 7,181 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $75.00, for a total transaction of $538,575.00. Following the completion of the transaction, the insider directly owned 10,970 shares in the company, valued at approximately $822,750. This trade represents a 39.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $89.64, for a total value of $2,241,000.00. Following the transaction, the chief executive officer owned 11,953 shares of the company’s stock, valued at approximately $1,071,466.92. The trade was a 67.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,520 shares of company stock valued at $7,357,094 in the last 90 days. 13.98% of the stock is currently owned by corporate insiders.

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.