Benjamin F. Edwards & Company Inc. increased its stake in shares of Roku Inc (NASDAQ:ROKU) by 156.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,845 shares of the company’s stock after acquiring an additional 2,345 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Roku were worth $281,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in ROKU. BNP Paribas Arbitrage SA acquired a new stake in Roku during the 1st quarter worth $156,000. SevenBridge Financial Group LLC acquired a new position in Roku in the second quarter valued at $158,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Roku in the third quarter valued at $168,000. Gabelli Funds LLC acquired a new position in Roku in the second quarter valued at $213,000. Finally, Cynosure Advisors LLC acquired a new position in Roku in the second quarter valued at $217,000. Hedge funds and other institutional investors own 33.21% of the company’s stock.
In other news, SVP Stephen H. Kay sold 36,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $60.89, for a total transaction of $2,192,040.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan S. Henricks sold 26,000 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $58.20, for a total transaction of $1,513,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,327,883 shares of company stock worth $84,053,444. Company insiders own 0.55% of the company’s stock.
Shares of Roku stock opened at $57.83 on Friday. Roku Inc has a 52-week low of $18.56 and a 52-week high of $77.57. The stock has a market cap of $5.54 billion and a PE ratio of -25.82.
A number of research firms have commented on ROKU. Zacks Investment Research lowered shares of Roku from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Loop Capital lifted their price objective on shares of Roku to $52.00 and gave the company a “hold” rating in a research note on Tuesday, August 28th. Citigroup lifted their price objective on shares of Roku to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, September 12th. BidaskClub upgraded shares of Roku from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 24th. Finally, KeyCorp lifted their price objective on shares of Roku from $54.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, August 9th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Roku presently has a consensus rating of “Buy” and an average target price of $63.25.
Roku Company Profile
Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.
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