APG Asset Management N.V. Boosts Stock Position in Roku, Inc. (NASDAQ:ROKU)

APG Asset Management N.V. boosted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 185.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,166 shares of the company’s stock after purchasing an additional 9,200 shares during the period. APG Asset Management N.V.’s holdings in Roku were worth $792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quarry LP increased its stake in shares of Roku by 160.2% during the fourth quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 266 shares during the period. Benjamin Edwards Inc. boosted its holdings in Roku by 43.5% in the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after acquiring an additional 187 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares during the period. Geneos Wealth Management Inc. increased its position in Roku by 835.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after purchasing an additional 610 shares during the period. Finally, Cedar Wealth Management LLC bought a new position in Roku in the 2nd quarter worth $48,000. Institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

ROKU has been the topic of a number of research reports. Bank of America lifted their target price on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. Wedbush reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Roku in a research report on Friday, August 2nd. Rosenblatt Securities decreased their target price on Roku from $89.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on Roku from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Finally, Benchmark reiterated a “buy” rating and issued a $105.00 price objective on shares of Roku in a report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $80.29.

Roku Stock Down 0.4 %

Shares of ROKU stock opened at $74.34 on Wednesday. The company has a 50 day moving average price of $64.68 and a 200-day moving average price of $61.58. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The firm has a market capitalization of $10.76 billion, a PE ratio of -18.63 and a beta of 2.06.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.21. The company had revenue of $968.18 million during the quarter, compared to analyst estimates of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. Roku’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.76) earnings per share. Analysts anticipate that Roku, Inc. will post -1.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total value of $75,330.00. Following the transaction, the chief financial officer now directly owns 54,267 shares in the company, valued at $4,087,933.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Roku news, insider Charles Collier sold 15,454 shares of Roku stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,159,050.00. Following the sale, the insider now owns 200 shares of the company’s stock, valued at approximately $15,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total value of $75,330.00. Following the transaction, the chief financial officer now owns 54,267 shares of the company’s stock, valued at $4,087,933.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,945 shares of company stock worth $3,465,135. Company 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.