Kestra Private Wealth Services LLC Sells 6,899 Shares of Roku, Inc. $ROKU

Kestra Private Wealth Services LLC lessened its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 49.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,059 shares of the company’s stock after selling 6,899 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Roku were worth $668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ROKU. Apollon Wealth Management LLC raised its holdings in Roku by 1.5% during the 4th quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after buying an additional 96 shares during the last quarter. Quarry LP grew its holdings in Roku by 21.7% in the 4th quarter. Quarry LP now owns 689 shares of the company’s stock worth $75,000 after acquiring an additional 123 shares during the last quarter. Swiss Life Asset Management Ltd grew its holdings in Roku by 2.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock worth $648,000 after acquiring an additional 127 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Roku by 3.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,664 shares of the company’s stock valued at $398,000 after acquiring an additional 135 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Roku by 32.1% in the third quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock valued at $56,000 after acquiring an additional 135 shares during the period. Institutional investors own 86.30% of the company’s stock.

Roku Price Performance

Shares of NASDAQ ROKU opened at $142.43 on Friday. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $148.88. The company’s 50-day moving average is $127.74 and its 200 day moving average is $110.09. The stock has a market capitalization of $21.00 billion, a P/E ratio of 107.09 and a beta of 2.01.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on ROKU. Zacks Research lowered shares of Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. William Blair downgraded Roku from an “outperform” rating to a “market perform” rating in a report on Monday, June 15th. Susquehanna downgraded Roku from a “positive” rating to a “neutral” rating and set a $160.00 price target on the stock. in a report on Tuesday, June 16th. Pivotal Research reaffirmed a “buy” rating and set a $160.00 price target (up from $140.00) on shares of Roku in a research report on Friday, May 1st. Finally, Citigroup reiterated an “outperform” rating on shares of Roku in a report on Monday, June 15th. Eleven research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $153.71.

Insiders Place Their Bets

In related news, insider Mustafa Ozgen sold 10,194 shares of Roku stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $144.00, for a total transaction of $1,467,936.00. Following the sale, the insider directly owned 19,185 shares in the company, valued at $2,762,640. The trade was a 34.70% 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, insider Charles Collier sold 205,821 shares of Roku stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total value of $21,611,205.00. Following the sale, the insider owned 11,131 shares in the company, valued at $1,168,755. This represents a 94.87% 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. In the last quarter, insiders have sold 713,020 shares of company stock worth $81,860,846. Company insiders own 13.45% of the company’s stock.

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.