Roku, Inc. (NASDAQ:ROKU) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in shares of Roku, Inc. (NASDAQ:ROKU) by 10.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,535 shares of the company’s stock after selling 999 shares during the quarter. Principal Financial Group Inc.’s holdings in Roku were worth $637,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Holocene Advisors LP purchased a new position in Roku during the third quarter worth about $129,015,000. Kessler Investment Group LLC increased its holdings in shares of Roku by 21.8% during the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after buying an additional 13,590 shares during the last quarter. National Bank of Canada FI raised its position in shares of Roku by 11,626.3% during the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock valued at $11,259,000 after buying an additional 149,514 shares during the period. EULAV Asset Management lifted its holdings in Roku by 59.1% in the third quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock valued at $13,663,000 after acquiring an additional 68,000 shares during the last quarter. Finally, Granite Bay Wealth Management LLC purchased a new position in Roku in the second quarter worth approximately $1,142,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the 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 transaction, the chief financial officer now directly owns 65,555 shares of the company’s stock, valued at $4,916,625. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $77.20, for a total transaction of $1,930,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at approximately $387,544. This trade represents a 83.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,095 shares of company stock valued at $5,661,038. Corporate insiders own 13.98% of the company’s stock.

Roku Trading Up 3.9 %

Shares of NASDAQ:ROKU opened at $77.38 on Monday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $99.80. The company’s 50 day moving average is $75.39 and its two-hundred day moving average is $69.24. The company has a market cap of $11.24 billion, a PE ratio of -64.48 and a beta of 2.05.

Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Roku’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.33) earnings per share. As a group, equities research analysts expect that Roku, Inc. will post -1.1 EPS for the current year.

Analyst Ratings Changes

ROKU has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Piper Sandler upped their target price on shares of Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $85.00) on shares of Roku in a research note on Friday, December 6th. Macquarie reissued an “outperform” rating and issued a $90.00 price target on shares of Roku in a research note on Thursday, October 31st. Finally, Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective for the company in a research report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Roku presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.81.

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.