Nebula Research & Development LLC Boosts Stake in Roku, Inc. $ROKU

Nebula Research & Development LLC grew its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 502.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,632 shares of the company’s stock after buying an additional 44,734 shares during the period. Roku accounts for 0.4% of Nebula Research & Development LLC’s investment portfolio, making the stock its 25th biggest position. Nebula Research & Development LLC’s holdings in Roku were worth $4,714,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in ROKU. DekaBank Deutsche Girozentrale boosted its stake in shares of Roku by 0.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 15,550 shares of the company’s stock valued at $1,369,000 after acquiring an additional 142 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in Roku by 1.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company’s stock valued at $1,097,000 after purchasing an additional 160 shares in the last quarter. True Vision MN LLC boosted its stake in shares of Roku by 3.3% during the 2nd quarter. True Vision MN LLC now owns 5,544 shares of the company’s stock worth $487,000 after purchasing an additional 179 shares during the last quarter. Stonekeep Investments LLC grew its holdings in shares of Roku by 4.9% during the second quarter. Stonekeep Investments LLC now owns 4,084 shares of the company’s stock worth $359,000 after buying an additional 191 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of Roku by 3.8% in the first quarter. Neuberger Berman Group LLC now owns 5,737 shares of the company’s stock valued at $404,000 after buying an additional 208 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Morgan Stanley restated an “underweight” rating on shares of Roku in a research report on Friday, October 31st. Wedbush restated an “outperform” rating on shares of Roku in a report on Thursday. JPMorgan Chase & Co. upped their target price on Roku from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Pivotal Research increased their target price on Roku from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Wells Fargo & Company raised their price target on Roku from $113.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $114.73.

Insider Activity at Roku

In other news, Director Neil D. Hunt sold 2,000 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $96.18, for a total value of $192,360.00. Following the completion of the sale, the director owned 7,782 shares of the company’s stock, valued at $748,472.76. This represents a 20.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 50,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $103.86, for a total transaction of $5,193,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold 415,668 shares of company stock valued at $43,965,186 over the last quarter. Company insiders own 13.98% of the company’s stock.

Roku Trading Down 0.2%

ROKU stock opened at $105.36 on Thursday. The company has a market cap of $15.57 billion, a PE ratio of -526.77 and a beta of 1.98. The stock has a 50-day moving average price of $99.06 and a two-hundred day moving average price of $92.19. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $116.66.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.09. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The company’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) EPS. Equities analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.