Roku, Inc. (NASDAQ:ROKU) Position Lessened by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in Roku, Inc. (NASDAQ:ROKU) by 86.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,482 shares of the company’s stock after selling 21,928 shares during the period. SG Americas Securities LLC’s holdings in Roku were worth $259,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its position in shares of Roku by 20.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 30,100 shares of the company’s stock worth $2,247,000 after purchasing an additional 5,200 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Roku in the third quarter worth $43,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in Roku by 900.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,000 shares of the company’s stock valued at $75,000 after acquiring an additional 900 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of Roku by 43.3% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,739 shares of the company’s stock valued at $1,026,000 after purchasing an additional 4,151 shares in the last quarter. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Roku during the third quarter worth $212,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total value of $77,180.00. Following the sale, the chief financial officer now owns 63,555 shares in the company, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares in the company, valued at $2,193,100.32. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,885 shares of company stock valued at $5,712,912. 13.98% of the stock is currently owned by insiders.

Roku Stock Down 0.7 %

Roku stock opened at $81.08 on Friday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $99.80. The stock has a market cap of $11.77 billion, a PE ratio of -67.57 and a beta of 2.05. The business’s 50-day moving average price is $79.25 and its two-hundred day moving average price is $72.42.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. Wells Fargo & Company increased their price objective on Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Morgan Stanley upped their target price on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Jefferies Financial Group cut their target price on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research note on Friday, November 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Roku in a report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and an average price target of $83.18.

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.