Private Advisor Group LLC Reduces Holdings in Roku, Inc. $ROKU

Private Advisor Group LLC lowered its stake in Roku, Inc. (NASDAQ:ROKU) by 28.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,392 shares of the company’s stock after selling 6,391 shares during the quarter. Private Advisor Group LLC’s holdings in Roku were worth $1,551,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ROKU. Elevation Point Wealth Partners LLC acquired a new position in Roku in the 1st quarter valued at about $914,000. Keybank National Association OH purchased a new stake in shares of Roku during the first quarter worth about $365,000. Root Financial Partners LLC grew its holdings in shares of Roku by 255.8% during the first quarter. Root Financial Partners LLC now owns 708 shares of the company’s stock worth $67,000 after buying an additional 509 shares in the last quarter. Bayban raised its position in shares of Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after buying an additional 260 shares during the last quarter. Finally, 3Chopt Investment Partners LLC raised its position in shares of Roku by 5.0% in the first quarter. 3Chopt Investment Partners LLC now owns 3,780 shares of the company’s stock valued at $358,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Trading Up 0.3%

ROKU traded up $0.43 during trading on Friday, hitting $140.69. 1,881,481 shares of the company’s stock were exchanged, compared to its average volume of 8,113,601. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $148.88. The stock has a 50 day moving average price of $130.91 and a 200 day moving average price of $111.41. The firm has a market cap of $20.74 billion, a P/E ratio of 105.78 and a beta of 2.01.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. The business 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 for the quarter was up 22.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.19) EPS. Analysts forecast that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other Roku news, insider Charles Collier sold 20,538 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $142.51, for a total value of $2,926,870.38. Following the transaction, the insider directly owned 15,200 shares of the company’s stock, valued at $2,166,152. This trade represents a 57.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 dated Wednesday, July 1st. The stock was sold at an average price of $140.65, for a total value of $281,300.00. Following the transaction, the director owned 9,629 shares in the company, valued at approximately $1,354,318.85. This represents a 17.20% decrease in their position. 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 477,737 shares of company stock worth $58,132,511 in the last quarter. 13.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ROKU shares. Citizens Jmp lowered Roku from a “market outperform” rating to a “hold” rating in a research note on Tuesday, June 16th. Seaport Research Partners set a $155.00 price objective on Roku in a research report on Tuesday, June 16th. Wells Fargo & Company upped their target price on Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Morgan Stanley raised their price target on Roku from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, June 4th. Finally, Zacks Research cut Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Eleven research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $153.71.

Roku Company 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.