Roku, Inc. (NASDAQ:ROKU) Stock Position Lifted by Blair William & Co. IL

Blair William & Co. IL boosted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 25.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,736 shares of the company’s stock after purchasing an additional 8,922 shares during the period. Blair William & Co. IL’s holdings in Roku were worth $2,621,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Roku by 24.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company’s stock worth $478,939,000 after buying an additional 1,457,925 shares during the last quarter. Nikko Asset Management Americas Inc. grew its holdings in Roku by 25.8% during the first quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock valued at $462,108,000 after purchasing an additional 1,455,408 shares during the last quarter. Norges Bank bought a new position in shares of Roku in the fourth quarter valued at approximately $90,386,000. Quadrature Capital Ltd acquired a new stake in shares of Roku in the fourth quarter worth $35,856,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Roku by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company’s stock worth $1,086,533,000 after buying an additional 380,409 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Trading Down 1.8 %

ROKU stock opened at $76.02 on Monday. The business’s 50 day moving average is $63.33 and its 200-day moving average is $61.14. The firm has a market cap of $10.96 billion, a P/E ratio of -19.05 and a beta of 2.06. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. The company had revenue of $968.18 million during the quarter, compared to analysts’ expectations of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned ($0.76) earnings per share. Sell-side analysts forecast that Roku, Inc. will post -1.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ROKU shares. Rosenblatt Securities dropped their target price on shares of Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Benchmark reiterated a “buy” rating and issued a $105.00 price objective on shares of Roku in a research note on Thursday, September 12th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Roku in a research note on Friday, September 13th. JPMorgan Chase & Co. lifted their price target on Roku from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Finally, Macquarie cut their price target on Roku from $88.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Roku presently has an average rating of “Hold” and an average price target of $78.75.

Insider Buying and Selling

In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the transaction, the insider now directly owns 38,602 shares of the company’s stock, valued at $2,485,582.78. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Roku news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total value of $75,330.00. Following the transaction, the chief financial officer now directly owns 54,267 shares in the company, valued at approximately $4,087,933.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gilbert Fuchsberg sold 1,693 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total value of $109,012.27. Following the sale, the insider now owns 38,602 shares of the company’s stock, valued at approximately $2,485,582.78. The disclosure for this sale can be found here. Insiders have sold a total of 46,945 shares of company stock worth $3,465,135 in the last three months. Insiders own 13.98% of the company’s stock.

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.