Northwestern Mutual Wealth Management Co. Sells 2,267 Shares of Roku, Inc. (NASDAQ:ROKU)

Northwestern Mutual Wealth Management Co. cut its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 59.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,532 shares of the company’s stock after selling 2,267 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Roku were worth $92,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Swedbank AB purchased a new stake in Roku in the first quarter worth $1,180,000. SG Americas Securities LLC boosted its holdings in Roku by 238.6% in the second quarter. SG Americas Securities LLC now owns 73,528 shares of the company’s stock worth $4,407,000 after purchasing an additional 51,815 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Roku by 23.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,822 shares of the company’s stock worth $4,094,000 after acquiring an additional 11,851 shares during the period. Garde Capital Inc. bought a new position in Roku in the 4th quarter worth $105,000. Finally, Vanguard Group Inc. raised its stake in shares of Roku by 0.8% in the first quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company’s stock worth $778,560,000 after buying an additional 92,658 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Trading Up 1.3 %

NASDAQ:ROKU opened at $78.37 on Friday. The firm has a fifty day simple moving average of $68.10 and a 200-day simple moving average of $62.38. The company has a market capitalization of $11.34 billion, a P/E ratio of -22.59 and a beta of 2.08. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $108.84.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.45) by $0.21. The business had revenue of $968.18 million for the quarter, compared to the consensus estimate of $937.78 million. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.76) EPS. Equities analysts forecast that Roku, Inc. will post -1.44 EPS for the current year.

Insider Buying and Selling at Roku

In other news, insider Charles Collier sold 3,590 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total transaction of $233,350.00. Following the sale, the insider now directly owns 12,064 shares in the company, valued at $784,160. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Charles Collier sold 3,590 shares of Roku stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total value of $233,350.00. Following the sale, the insider now owns 12,064 shares in the company, valued at $784,160. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $77.20, for a total value of $1,930,000.00. Following the transaction, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at $387,544. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,156 shares of company stock valued at $5,411,100. 13.98% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ROKU shares. Wolfe Research upgraded shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective on the stock in a research report on Thursday, September 12th. Robert W. Baird increased their target price on Roku from $56.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, September 30th. Guggenheim raised Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, August 23rd. Macquarie boosted their price objective on shares of Roku from $72.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target on the stock in a report on Tuesday, October 1st. Two equities research 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’s stock. Based on data from MarketBeat, Roku has an average rating of “Hold” and a consensus price target of $81.24.

About Roku

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.