Arkadios Wealth Advisors Sells 1,459 Shares of Roku, Inc. (NASDAQ:ROKU)

Arkadios Wealth Advisors lowered its stake in Roku, Inc. (NASDAQ:ROKU) by 29.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,413 shares of the company’s stock after selling 1,459 shares during the period. Arkadios Wealth Advisors’ holdings in Roku were worth $254,000 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. Raelipskie Partnership acquired a new position in shares of Roku in the 3rd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased its stake in Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Roku during the third quarter valued at approximately $43,000. GS Investments Inc. lifted its stake in Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after purchasing an additional 147 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Roku by 50.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 991 shares of the company’s stock valued at $74,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. UBS Group assumed coverage on Roku in a research report on Friday, November 22nd. They set a “neutral” rating and a $73.00 price objective for the company. Bank of America raised their price target on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a research report on Tuesday. Morgan Stanley raised their target price on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company boosted their target price on shares of Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.18.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 65,555 shares of the company’s stock, valued at approximately $4,916,625. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Charles Collier sold 10,771 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.14, for a total transaction of $766,248.94. Following the transaction, the insider now owns 3,790 shares in the company, valued at $269,620.60. This represents a 73.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,095 shares of company stock worth $5,726,218. 13.98% of the stock is owned by corporate insiders.

Roku Stock Up 5.3 %

ROKU opened at $83.78 on Friday. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $99.80. The company has a fifty day moving average of $76.87 and a 200-day moving average of $71.06. The stock has a market cap of $12.16 billion, a PE ratio of -69.82 and a beta of 2.05.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted ($2.33) EPS. The business’s revenue was up 16.5% compared to the same quarter last year. Sell-side analysts anticipate that Roku, Inc. will post -1.09 EPS 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.