SG Americas Securities LLC Has $14.16 Million Stock Position in Roku, Inc. $ROKU

SG Americas Securities LLC boosted its holdings in Roku, Inc. (NASDAQ:ROKU) by 56.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,670 shares of the company’s stock after purchasing an additional 53,731 shares during the quarter. SG Americas Securities LLC owned 0.10% of Roku worth $14,162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the period. Aventura Private Wealth LLC acquired a new stake in Roku in the fourth quarter valued at approximately $26,000. WPG Advisers LLC acquired a new stake in shares of Roku during the 4th quarter valued at $31,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Roku during the fourth quarter worth about $31,000. Finally, Rakuten Securities Inc. increased its stake in shares of Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after buying an additional 158 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Stock Up 0.5%

ROKU stock opened at $135.40 on Friday. The firm has a market cap of $19.96 billion, a PE ratio of 101.81 and a beta of 2.06. The business has a 50 day moving average of $125.81 and a 200-day moving average of $109.10. Roku, Inc. has a 12-month low of $78.53 and a 12-month high of $148.88.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company posted ($0.19) earnings per share. Roku’s quarterly revenue was up 22.4% compared to the same quarter last year. On average, research analysts expect that Roku, Inc. will post 2.41 earnings per share for the current year.

Insider Activity at Roku

In related news, insider Charles Collier sold 20,537 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $124.94, for a total value of $2,565,892.78. Following the transaction, the insider directly owned 15,200 shares of the company’s stock, valued at approximately $1,899,088. The trade was a 57.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Dan Jedda sold 7,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $143.87, for a total transaction of $1,007,090.00. Following the transaction, the chief financial officer owned 79,963 shares of the company’s stock, valued at approximately $11,504,276.81. The trade was a 8.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 713,194 shares of company stock worth $81,763,589. 13.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Evercore cut Roku from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. KeyCorp cut shares of Roku from an “overweight” rating to a “sector weight” rating in a report on Monday, June 15th. Fox Advisors set a $160.00 price objective on Roku in a report on Tuesday, June 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Roku in a report on Friday, May 15th. Eleven investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, Roku presently has a consensus rating of “Hold” and a consensus target price of $153.71.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.