Empowered Funds LLC Has $206,000 Holdings in Roku, Inc. (NASDAQ:ROKU)

Empowered Funds LLC lessened its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 46.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,776 shares of the company’s stock after selling 2,443 shares during the period. Empowered Funds LLC’s holdings in Roku were worth $206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GS Investments Inc. raised its holdings in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 shares during the period. PFG Investments LLC raised its holdings in Roku by 3.7% during the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock worth $310,000 after buying an additional 150 shares during the period. True Vision MN LLC raised its holdings in Roku by 3.1% during the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after buying an additional 152 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Roku by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after buying an additional 202 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Roku by 11.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock worth $165,000 after buying an additional 222 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. This represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.95, for a total value of $199,900.00. Following the completion of the sale, the chief financial officer now directly owns 56,555 shares of the company’s stock, valued at $5,652,672.25. This represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,421 shares of company stock valued at $9,660,786 over the last 90 days. 13.98% of the stock is currently owned by company insiders.

Roku Stock Down 4.2 %

Shares of Roku stock opened at $88.86 on Friday. The stock has a market capitalization of $12.90 billion, a P/E ratio of -99.84 and a beta of 2.05. The stock has a 50 day moving average price of $81.67 and a two-hundred day moving average price of $74.99. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. Sell-side analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Macquarie restated an “outperform” rating and set a $90.00 price objective on shares of Roku in a report on Thursday, October 31st. Piper Sandler upped their target price on Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. UBS Group upped their target price on Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Moffett Nathanson downgraded Roku from a “neutral” rating to a “sell” rating and set a $55.00 target price on the stock. in a report on Friday, January 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.00.

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.