GWM Advisors LLC grew its stake in shares of Roku Inc (NASDAQ:ROKU) by 16.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,104 shares of the company’s stock after buying an additional 3,192 shares during the period. GWM Advisors LLC’s holdings in Roku were worth $2,693,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley boosted its position in Roku by 16.5% during the 1st quarter. Morgan Stanley now owns 5,225,768 shares of the company’s stock worth $457,151,000 after purchasing an additional 741,898 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Roku by 21.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,319,623 shares of the company’s stock worth $270,306,000 after purchasing an additional 414,836 shares during the period. State Street Corp boosted its position in Roku by 4.3% during the 1st quarter. State Street Corp now owns 1,832,997 shares of the company’s stock worth $160,351,000 after purchasing an additional 76,157 shares during the period. Nikko Asset Management Americas Inc. boosted its position in Roku by 138.6% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 1,340,922 shares of the company’s stock worth $117,304,000 after purchasing an additional 778,830 shares during the period. Finally, Geode Capital Management LLC boosted its position in Roku by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 1,074,293 shares of the company’s stock worth $93,901,000 after purchasing an additional 13,344 shares during the period. 59.22% of the stock is owned by institutional investors.
In related news, SVP Stephen H. Kay sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $131.51, for a total transaction of $1,315,100.00. Following the completion of the transaction, the senior vice president now owns 95,812 shares in the company, valued at approximately $12,600,236.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mai Fyfield sold 1,035 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $105.63, for a total value of $109,327.05. Following the transaction, the director now owns 743 shares of the company’s stock, valued at approximately $78,483.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 256,369 shares of company stock valued at $34,837,014. Insiders own 22.70% of the company’s stock.
Shares of ROKU opened at $154.89 on Friday. The stock has a 50 day moving average of $134.90 and a 200-day moving average of $118.00. The company has a current ratio of 2.60, a quick ratio of 2.49 and a debt-to-equity ratio of 0.24. Roku Inc has a 52 week low of $58.22 and a 52 week high of $176.55.
Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, May 7th. The company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.01. The company had revenue of $320.77 million during the quarter, compared to analyst estimates of $309.23 million. Roku had a negative return on equity of 18.24% and a negative net margin of 8.43%. The business’s revenue was up 55.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) EPS. Analysts expect that Roku Inc will post -1.77 earnings per share for the current fiscal year.
A number of analysts recently weighed in on ROKU shares. SunTrust Banks reaffirmed a “hold” rating and set a $160.00 price target on shares of Roku in a research report on Monday, April 13th. Zacks Investment Research cut shares of Roku from a “buy” rating to a “hold” rating and set a $137.00 price target for the company. in a research report on Saturday, April 18th. BidaskClub cut shares of Roku from a “hold” rating to a “sell” rating in a research report on Thursday, May 28th. Benchmark upped their price target on shares of Roku from $153.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, Morgan Stanley reiterated a “sell” rating and issued a $110.00 price objective on shares of Roku in a report on Tuesday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Roku has a consensus rating of “Hold” and a consensus target price of $136.48.
Roku Company Profile
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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