IFP Advisors Inc Sells 571 Shares of Roku, Inc. (NASDAQ:ROKU)

IFP Advisors Inc lessened its stake in Roku, Inc. (NASDAQ:ROKUFree Report) by 19.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,386 shares of the company’s stock after selling 571 shares during the quarter. IFP Advisors Inc’s holdings in Roku were worth $168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. grew its position in shares of Roku by 83.7% in the 4th quarter. American Century Companies Inc. now owns 49,593 shares of the company’s stock valued at $3,687,000 after acquiring an additional 22,600 shares during the period. Sei Investments Co. increased its position in shares of Roku by 152.2% in the fourth quarter. Sei Investments Co. now owns 23,645 shares of the company’s stock worth $1,758,000 after purchasing an additional 14,268 shares during the period. LPL Financial LLC lifted its stake in Roku by 10.4% during the fourth quarter. LPL Financial LLC now owns 130,437 shares of the company’s stock worth $9,697,000 after purchasing an additional 12,298 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Roku by 22.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,315 shares of the company’s stock worth $5,302,000 after acquiring an additional 12,893 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Roku by 16.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 95,437 shares of the company’s stock worth $7,385,000 after buying an additional 13,799 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Buying and Selling

In related news, CFO Dan Jedda sold 3,000 shares of Roku 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 transaction, the chief financial officer directly owned 76,132 shares of the company’s stock, valued at $6,867,106.40. The trade was a 3.79% decrease in their ownership of the stock. The sale 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 the firm’s 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 completion of the sale, the chief executive officer directly owned 11,953 shares in the company, valued at $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 have sold a total of 309,079 shares of company stock worth $28,091,399 in the last ninety days. 13.98% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ROKU. Loop Capital upgraded shares of Roku from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $100.00 in a report on Tuesday, June 17th. Evercore ISI cut their price target on Roku from $105.00 to $80.00 and set an “in-line” rating on the stock in a report on Friday, May 2nd. Guggenheim reissued a “buy” rating and issued a $100.00 price objective on shares of Roku in a research note on Friday, May 2nd. KeyCorp raised shares of Roku from a “sector weight” rating to an “overweight” rating and set a $115.00 target price on the stock in a research report on Thursday, July 10th. Finally, Wall Street Zen upgraded shares of Roku from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Roku has an average rating of “Moderate Buy” and a consensus target price of $93.92.

Get Our Latest Research Report on ROKU

Roku Trading Up 3.9%

Shares of NASDAQ ROKU opened at $93.65 on Tuesday. 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 $13.67 billion, a price-to-earnings ratio of -128.29 and a beta of 2.12. The business has a 50-day moving average of $82.24 and a 200-day moving average of $76.61.

Roku (NASDAQ:ROKUGet Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.08. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. Roku’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.35) earnings per share. On average, analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

About Roku

(Free Report)

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.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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