Corient Private Wealth LLC Purchases 11,508 Shares of Roku, Inc. $ROKU

Corient Private Wealth LLC boosted its position in Roku, Inc. (NASDAQ:ROKU) by 75.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,841 shares of the company’s stock after buying an additional 11,508 shares during the quarter. Corient Private Wealth LLC’s holdings in Roku were worth $2,912,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Jefferies Financial Group Inc. bought a new stake in Roku during the 4th quarter valued at approximately $1,345,000. Holocene Advisors LP increased its position in Roku by 352.3% in the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after buying an additional 1,285,585 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Roku during the third quarter worth approximately $2,997,000. MH & Associates Securities Management Corp ADV acquired a new position in shares of Roku during the fourth quarter worth approximately $2,398,000. Finally, Magnetar Financial LLC bought a new stake in shares of Roku in the third quarter valued at approximately $5,466,000. Institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $3,250,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mustafa Ozgen sold 10,194 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $144.00, for a total value of $1,467,936.00. Following the completion of the sale, the insider owned 19,185 shares in the company, valued at approximately $2,762,640. This represents a 34.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 713,194 shares of company stock worth $81,763,589 in the last 90 days. 13.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ROKU. Benchmark raised their price objective on shares of Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company upped their target price on shares of Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Rosenblatt Securities raised their price target on shares of Roku from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Robert W. Baird restated a “neutral” rating and set a $160.00 price objective on shares of Roku in a report on Monday, June 15th. Finally, Citizens Jmp lowered shares of Roku from a “market outperform” rating to a “hold” rating in a research report on Tuesday, June 16th. Eleven investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Roku presently has an average rating of “Hold” and an average price target of $153.71.

Roku Price Performance

Shares of ROKU stock opened at $135.40 on Friday. The stock has a market cap of $19.96 billion, a P/E ratio of 101.81 and a beta of 2.06. Roku, Inc. has a one year low of $78.53 and a one year high of $148.88. The stock has a fifty day moving average price of $125.81 and a 200 day moving average price of $109.10.

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

About Roku

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.