Benjamin F. Edwards & Company Inc. Buys 63,106 Shares of Roku, Inc. (NASDAQ:ROKU)

Benjamin F. Edwards & Company Inc. increased its stake in Roku, Inc. (NASDAQ:ROKU) by 6,706.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,047 shares of the company’s stock after purchasing an additional 63,106 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Roku were worth $3,838,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROKU. Hsbc Holdings PLC increased its holdings in Roku by 179.9% in the 2nd quarter. Hsbc Holdings PLC now owns 188,546 shares of the company’s stock valued at $11,401,000 after buying an additional 121,195 shares during the period. Blair William & Co. IL increased its stake in Roku by 25.6% in the second quarter. Blair William & Co. IL now owns 43,736 shares of the company’s stock valued at $2,621,000 after acquiring an additional 8,922 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Roku by 6.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,271 shares of the company’s stock valued at $675,000 after purchasing an additional 698 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in Roku by 19.1% during the second quarter. Axxcess Wealth Management LLC now owns 16,159 shares of the company’s stock worth $968,000 after purchasing an additional 2,593 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in shares of Roku by 133.9% in the 2nd quarter. Edgestream Partners L.P. now owns 18,639 shares of the company’s stock valued at $1,117,000 after purchasing an additional 10,670 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Activity at Roku

In other Roku news, insider Charles Collier sold 3,590 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total value of $233,350.00. Following the transaction, the insider now directly owns 12,064 shares of the company’s stock, valued at $784,160. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Charles Collier sold 3,590 shares of Roku stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total value of $233,350.00. Following the completion of the sale, the insider now owns 12,064 shares in the company, valued at approximately $784,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the transaction, the insider now directly owns 38,602 shares in the company, valued at $2,485,582.78. The disclosure for this sale can be found here. Insiders have sold a total of 46,945 shares of company stock worth $3,465,135 in the last 90 days. Corporate insiders own 13.98% of the company’s stock.

Roku Stock Performance

Roku stock opened at $76.02 on Friday. The firm has a 50 day moving average price of $63.33 and a two-hundred day moving average price of $61.15. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $108.84. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of -19.05 and a beta of 2.06.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.21. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The business had revenue of $968.18 million for the quarter, compared to analyst estimates of $937.78 million. During the same quarter in the previous year, the business earned ($0.76) earnings per share. Roku’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts predict that Roku, Inc. will post -1.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ROKU shares. JPMorgan Chase & Co. upped their price objective on Roku from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday. Rosenblatt Securities dropped their target price on shares of Roku from $89.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Wedbush reaffirmed an “outperform” rating and set a $75.00 price target on shares of Roku in a report on Friday, August 2nd. Bank of America dropped their price objective on shares of Roku from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Wells Fargo & Company raised shares of Roku from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $50.00 to $72.00 in a research note on Thursday, September 5th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $78.75.

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.