Empirical Financial Services LLC d.b.a. Empirical Wealth Management Invests $361,000 in Roku, Inc. $ROKU

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Roku, Inc. (NASDAQ:ROKU) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,810 shares of the company’s stock, valued at approximately $361,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC grew its stake in Roku by 56.8% during the first quarter. Chicago Partners Investment Group LLC now owns 10,490 shares of the company’s stock worth $993,000 after buying an additional 3,802 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of Roku during the 1st quarter worth approximately $728,000. Fifth Third Bancorp boosted its position in shares of Roku by 264.5% during the 1st quarter. Fifth Third Bancorp now owns 2,934 shares of the company’s stock worth $278,000 after acquiring an additional 2,129 shares in the last quarter. American Trust increased its stake in Roku by 24.1% in the first quarter. American Trust now owns 3,189 shares of the company’s stock valued at $302,000 after acquiring an additional 619 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Roku by 188.9% in the first quarter. Hsbc Holdings PLC now owns 48,347 shares of the company’s stock valued at $4,595,000 after acquiring an additional 31,614 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Performance

Shares of ROKU opened at $144.43 on Monday. Roku, Inc. has a 52 week low of $78.53 and a 52 week high of $148.88. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of 108.59 and a beta of 2.01. The stock has a fifty day moving average of $132.72 and a 200-day moving average of $112.55.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company posted ($0.19) EPS. Roku’s quarterly revenue was up 22.4% compared to the same quarter last year. As a group, equities analysts forecast that Roku, Inc. will post 2.41 EPS for the current year.

Insider Activity

In related news, insider Mustafa Ozgen sold 10,194 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $144.00, for a total value of $1,467,936.00. Following the completion of the transaction, the insider owned 19,185 shares in the company, valued at $2,762,640. This trade represents a 34.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Dan Jedda sold 7,000 shares of Roku stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $143.87, for a total transaction of $1,007,090.00. Following the sale, the chief financial officer owned 79,963 shares in the company, valued at approximately $11,504,276.81. This represents a 8.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 236,499 shares of company stock valued at $30,582,963. 13.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ROKU. Guggenheim upped their target price on Roku from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Morgan Stanley raised their price objective on Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Wedbush downgraded Roku from an “outperform” rating to a “neutral” rating and set a $155.00 target price for the company. in a research note on Tuesday, June 16th. William Blair cut shares of Roku from an “outperform” rating to a “market perform” rating in a report on Monday, June 15th. Finally, Jefferies Financial Group downgraded shares of Roku from a “buy” rating to a “hold” rating and set a $160.00 price target on the stock. in a research note on Monday, June 15th. Ten investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Roku currently has an average rating of “Hold” and a consensus target price of $155.12.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.