Los Angeles Capital Management LLC Has $883,000 Stock Position in Roku, Inc. (NASDAQ:ROKU)

Los Angeles Capital Management LLC trimmed its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 79.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,547 shares of the company’s stock after selling 52,782 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Roku were worth $883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Roku by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company’s stock worth $1,086,533,000 after acquiring an additional 380,409 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Roku by 34.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,543,081 shares of the company’s stock worth $179,516,000 after acquiring an additional 653,940 shares in the last quarter. Norges Bank acquired a new position in shares of Roku in the 4th quarter worth approximately $90,386,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Roku by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 865,129 shares of the company’s stock worth $79,298,000 after acquiring an additional 28,930 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Roku by 7.7% in the 3rd quarter. Northern Trust Corp now owns 680,678 shares of the company’s stock worth $48,049,000 after acquiring an additional 48,487 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Roku news, Director Mai Fyfield sold 650 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $57.88, for a total transaction of $37,622.00. Following the completion of the transaction, the director now owns 3,259 shares in the company, valued at approximately $188,630.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Stephen H. Kay sold 12,124 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $55.59, for a total transaction of $673,973.16. Following the completion of the transaction, the senior vice president now directly owns 91,905 shares in the company, valued at approximately $5,108,998.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mai Fyfield sold 650 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $57.88, for a total transaction of $37,622.00. Following the completion of the sale, the director now owns 3,259 shares of the company’s stock, valued at $188,630.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,898 shares of company stock worth $1,347,966. Corporate insiders own 13.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ROKU shares. Piper Sandler reissued a “neutral” rating and issued a $65.00 target price (down from $81.00) on shares of Roku in a report on Friday, April 26th. Susquehanna reduced their price objective on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a report on Monday, April 29th. Wedbush reduced their price objective on Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Seaport Res Ptn raised Roku from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Finally, Morgan Stanley reduced their price objective on Roku from $65.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, April 5th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $82.50.

Roku Trading Up 0.1 %

ROKU stock opened at $54.45 on Tuesday. The stock has a 50-day moving average price of $57.95 and a two-hundred day moving average price of $71.60. Roku, Inc. has a 1 year low of $51.51 and a 1 year high of $108.84.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. The firm had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.38) EPS. As a group, equities research analysts forecast that Roku, Inc. will post -1.94 earnings per share for the current fiscal year.

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.