Aaron Wealth Advisors LLC Sells 4,695 Shares of Roku, Inc. $ROKU

Aaron Wealth Advisors LLC trimmed its holdings in Roku, Inc. (NASDAQ:ROKU) by 53.9% in the first quarter, Holdings Channel reports. The institutional investor owned 4,021 shares of the company’s stock after selling 4,695 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Roku were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in Roku by 680.0% in the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares in the last quarter. Aventura Private Wealth LLC purchased a new position in shares of Roku in the 4th quarter worth about $26,000. WPG Advisers LLC purchased a new position in shares of Roku in the 4th quarter worth about $31,000. Safe Harbor Fiduciary LLC bought a new position in shares of Roku during the 4th quarter valued at about $31,000. Finally, Rakuten Securities Inc. increased its position in shares of Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after purchasing an additional 158 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $136.53 on Tuesday. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $148.88. The company has a market cap of $20.13 billion, a P/E ratio of 102.65 and a beta of 2.06. The stock’s fifty day moving average price is $126.30 and its 200-day moving average price is $109.37.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup reissued an “outperform” rating on shares of Roku in a research note on Monday, June 15th. Citizens Jmp cut Roku from a “market outperform” rating to a “hold” rating in a research note on Tuesday, June 16th. William Blair downgraded Roku from an “outperform” rating to a “market perform” rating in a research report on Monday, June 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Roku in a research note on Friday, May 15th. Finally, Susquehanna cut shares of Roku from a “positive” rating to a “neutral” rating and set a $160.00 target price on the stock. in a report on Tuesday, June 16th. Eleven equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Roku has a consensus rating of “Hold” and a consensus target price of $153.71.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $3,250,000.00. The sale 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, Director Mai Fyfield sold 832 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $119.64, for a total value of $99,540.48. Following the sale, the director owned 5,389 shares of the company’s stock, valued at $644,739.96. This represents a 13.37% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 713,194 shares of company stock valued at $81,763,589. Company insiders own 13.45% of the company’s stock.

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.