Steward Partners Investment Advisory LLC Sells 235 Shares of Roku, Inc. (NASDAQ:ROKU)

Steward Partners Investment Advisory LLC lowered its position in shares of Roku, Inc. (NASDAQ:ROKU) by 28.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 587 shares of the company’s stock after selling 235 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Roku were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. FMR LLC increased its stake in shares of Roku by 1.7% during the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock worth $1,087,824,000 after purchasing an additional 244,793 shares during the period. Holocene Advisors LP bought a new position in shares of Roku during the third quarter worth approximately $129,015,000. Westfield Capital Management Co. LP increased its stake in shares of Roku by 126.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock worth $114,646,000 after purchasing an additional 856,401 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Roku by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock worth $71,373,000 after purchasing an additional 30,038 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in shares of Roku by 352.5% during the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock worth $48,653,000 after purchasing an additional 507,643 shares during the period. Institutional investors own 86.30% of the company’s stock.

Insiders Place Their Bets

In other news, insider Charles Collier sold 7,181 shares of Roku stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the transaction, the insider now directly owns 7,380 shares of the company’s stock, valued at approximately $577,485. This trade represents a 49.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of Roku 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 completion of the transaction, the chief financial officer now directly owns 63,555 shares of the company’s stock, valued at approximately $4,905,174.90. This trade represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,308 shares of company stock valued at $8,213,436. 13.98% of the stock is currently owned by company insiders.

Roku Stock Down 3.3 %

NASDAQ ROKU opened at $67.36 on Wednesday. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The company has a market cap of $9.83 billion, a price-to-earnings ratio of -75.69 and a beta of 2.12. The business’s fifty day moving average is $81.31 and its 200 day moving average is $77.12.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. On average, research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ROKU has been the topic of a number of recent research reports. Citigroup raised their price objective on Roku from $70.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Wells Fargo & Company upgraded Roku from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. UBS Group raised their price objective on Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $70.00 price objective on the stock in a research note on Tuesday, March 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Roku in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned 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.com, Roku presently has an average rating of “Moderate Buy” and a consensus price target of $96.71.

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.