Principal Financial Group Inc. Has $2.40 Million Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Principal Financial Group Inc. decreased its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 66.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,094 shares of the company’s stock after selling 68,938 shares during the period. Principal Financial Group Inc.’s holdings in Roku were worth $2,402,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Garde Capital Inc. bought a new stake in shares of Roku during the first quarter worth $25,000. Golden State Wealth Management LLC increased its position in shares of Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock worth $31,000 after acquiring an additional 247 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Roku during the first quarter worth $35,000. First PREMIER Bank bought a new stake in shares of Roku during the first quarter worth $35,000. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after acquiring an additional 491 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $100.00 price objective on shares of Roku in a research report on Monday, June 16th. Rosenblatt Securities lowered their price objective on shares of Roku from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Citigroup reaffirmed a “neutral” rating and issued a $84.00 target price (up previously from $68.00) on shares of Roku in a research report on Wednesday, June 18th. KeyCorp raised shares of Roku from a “sector weight” rating to an “overweight” rating and set a $115.00 target price for the company in a research report on Thursday, July 10th. Finally, Compass Point started coverage on shares of Roku in a research report on Sunday, March 23rd. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Roku has a consensus rating of “Moderate Buy” and an average price target of $93.29.

Roku Trading Up 2.4%

ROKU opened at $93.29 on Friday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The business’s fifty day simple moving average is $79.82 and its 200-day simple moving average is $76.13. The company has a market capitalization of $13.61 billion, a price-to-earnings ratio of -127.79 and a beta of 2.12.

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

Insider Buying and Selling

In other news, insider Charles Collier sold 7,181 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $75.00, for a total value of $538,575.00. Following the transaction, the insider owned 10,970 shares of the company’s stock, valued at $822,750. This represents a 39.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dan Jedda sold 3,000 shares of the company’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $90.20, for a total value of $270,600.00. Following the completion of the transaction, the chief financial officer directly owned 76,132 shares in the company, valued at approximately $6,867,106.40. This trade represents a 3.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,520 shares of company stock valued at $7,898,294 in the last ninety days. 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.