Creative Planning lowered its stake in shares of Roku Inc (NASDAQ:ROKU) by 52.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,290 shares of the company’s stock after selling 11,260 shares during the quarter. Creative Planning’s holdings in Roku were worth $751,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Roku by 408.3% during the 2nd quarter. BlackRock Inc. now owns 3,245,130 shares of the company’s stock valued at $138,307,000 after buying an additional 2,606,673 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of Roku by 63.0% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,960,515 shares of the company’s stock valued at $126,177,000 after purchasing an additional 1,144,727 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Roku by 35.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,822,057 shares of the company’s stock valued at $77,656,000 after purchasing an additional 480,762 shares during the last quarter. Whale Rock Capital Management LLC bought a new position in shares of Roku during the 2nd quarter valued at $31,972,000. Finally, EastBay Asset Management LLC bought a new position in shares of Roku during the 2nd quarter valued at $25,971,000. Hedge funds and other institutional investors own 33.21% of the company’s stock.
ROKU has been the topic of several recent research reports. Zacks Investment Research lowered shares of Roku from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Needham & Company LLC increased their target price on shares of Roku from $60.00 to $85.00 and gave the company a “buy” rating in a report on Monday, October 1st. BidaskClub raised shares of Roku from a “buy” rating to a “strong-buy” rating in a report on Friday, August 24th. KeyCorp reaffirmed an “overweight” rating and set a $81.00 target price (up previously from $67.00) on shares of Roku in a report on Tuesday, September 11th. Finally, Loop Capital increased their target price on shares of Roku to $52.00 and gave the company a “hold” rating in a report on Tuesday, August 28th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $63.25.
In other Roku news, Director Alan S. Henricks sold 26,000 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $58.20, for a total value of $1,513,200.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Chas Smith sold 99,129 shares of the firm’s stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $52.08, for a total transaction of $5,162,638.32. The disclosure for this sale can be found here. In the last three months, insiders sold 1,327,883 shares of company stock worth $84,053,444. Insiders own 0.55% of the company’s stock.
Shares of Roku stock opened at $57.89 on Monday. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of -25.84 and a beta of 3.59. Roku Inc has a 12-month low of $18.56 and a 12-month high of $77.57.
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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