Keybank National Association OH Acquires New Stake in Roku, Inc. $ROKU

Keybank National Association OH bought a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,853 shares of the company’s stock, valued at approximately $365,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in shares of 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 buying an additional 204 shares during the period. Aventura Private Wealth LLC bought a new position in shares of Roku during the fourth quarter worth about $26,000. Bayban raised its position in shares of Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after acquiring an additional 260 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Roku in the fourth quarter worth approximately $31,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Roku in the fourth quarter worth approximately $31,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Roku news, CAO Matthew C. Banks sold 554 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $138.88, for a total value of $76,939.52. Following the completion of the sale, the chief accounting officer owned 7,171 shares of the company’s stock, valued at approximately $995,908.48. This trade represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Neil D. Hunt sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $140.65, for a total value of $281,300.00. Following the sale, the director owned 9,629 shares of the company’s stock, valued at approximately $1,354,318.85. This represents a 17.20% 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. Insiders sold a total of 477,737 shares of company stock worth $58,132,511 over the last 90 days. 13.45% of the stock is owned by company insiders.

Roku Stock Up 0.3%

Roku stock opened at $140.69 on Friday. The company has a market capitalization of $20.74 billion, a PE ratio of 105.78 and a beta of 2.01. Roku, Inc. has a 12-month low of $78.53 and a 12-month high of $148.88. The firm’s fifty day moving average is $130.91 and its 200 day moving average is $111.41.

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

Wall Street Analyst Weigh In

ROKU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $160.00 target price (up from $150.00) on shares of Roku in a research report on Tuesday, June 16th. Fox Advisors set a $160.00 price target on shares of Roku in a research report on Tuesday, June 16th. Wells Fargo & Company upped their price objective 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. Needham & Company LLC increased their price objective on shares of Roku from $140.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Finally, Wolfe Research downgraded shares of Roku from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 16th. Eleven analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $153.71.

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.