16,831 Shares in Roku, Inc. $ROKU Bought by Bensler LLC

Bensler LLC acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, Holdings Channel.com reports. The fund acquired 16,831 shares of the company’s stock, valued at approximately $1,826,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after acquiring an additional 204 shares in the last quarter. Aventura Private Wealth LLC bought a new position in shares of Roku during the fourth quarter valued at approximately $26,000. WPG Advisers LLC purchased a new position in shares of Roku during the fourth quarter valued at approximately $31,000. Westfuller Advisors LLC purchased a new position in shares of Roku during the third quarter valued at approximately $30,000. Finally, Root Financial Partners LLC bought a new stake in shares of Roku in the 3rd quarter worth approximately $33,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $110.19, for a total value of $2,754,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Neil D. Hunt sold 2,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $122.11, for a total value of $244,220.00. Following the completion of the transaction, the director directly owned 7,782 shares in the company, valued at $950,260.02. The trade was a 20.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 663,038 shares of company stock valued at $70,956,545 in the last 90 days. 13.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on ROKU shares. Jefferies Financial Group lifted their price objective on Roku from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Benchmark lifted their price target on Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Needham & Company LLC increased their price objective on shares of Roku from $110.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Evercore restated an “outperform” rating and set a $150.00 price objective on shares of Roku in a research note on Friday, February 13th. Finally, UBS Group reiterated an “outperform” rating and issued a $145.00 target price on shares of Roku in a research note on Friday, May 1st. Twenty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.17.

Roku Trading Up 2.3%

NASDAQ:ROKU opened at $129.53 on Friday. The company has a market cap of $19.10 billion, a PE ratio of 97.39 and a beta of 2.04. The company has a 50 day simple moving average of $102.76 and a two-hundred day simple moving average of $101.52. Roku, Inc. has a 12 month low of $60.43 and a 12 month high of $130.72.

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

Roku News Summary

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku said CFO and COO Dan Jedda will speak at two upcoming industry conferences on May 12 and May 13, which can help keep investor attention on the company and give management a platform to discuss strategy and growth. Roku Chief Financial Officer to Present at Upcoming Conferences
• Neutral Sentiment: Several insider sale reports were published this week, including stock sales by a director and other executives, but these filings are routine disclosures and do not necessarily signal a change in business fundamentals. Roku (NASDAQ:ROKU) Director Sells $244,220.00 in Stock
• Negative Sentiment: News reports alleged that Roku and TCL software updates have “bricked” some TVs, which could raise concerns about product quality, customer trust, and potential legal or repair costs if the claims gain traction. Lawsuit accuses Roku, TCL of ‘bricking’ TVs with defective software updates

About Roku

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.