Prospera Financial Services Inc Purchases 31,561 Shares of Roku, Inc. $ROKU

Prospera Financial Services Inc raised its position in Roku, Inc. (NASDAQ:ROKU) by 828.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,371 shares of the company’s stock after buying an additional 31,561 shares during the quarter. Prospera Financial Services Inc’s holdings in Roku were worth $3,837,000 at the end of the most recent quarter.

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

Roku Price Performance

NASDAQ:ROKU opened at $125.55 on Tuesday. The firm’s 50 day simple moving average is $109.51 and its 200 day simple moving average is $103.66. Roku, Inc. has a one year low of $67.67 and a one year high of $131.39. The company has a market cap of $18.51 billion, a PE ratio of 94.40 and a beta of 2.04.

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

Insider Buying and Selling at Roku

In related news, insider Charles Collier sold 20,538 shares of Roku stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $124.23, for a total transaction of $2,551,435.74. Following the sale, the insider directly owned 7,700 shares in the company, valued at $956,571. This trade represents a 72.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 75,000 shares of Roku stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $128.79, for a total transaction of $9,659,250.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 692,038 shares of company stock worth $76,667,575 over the last quarter. Insiders own 13.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ROKU shares. Robert W. Baird raised their price target on shares of Roku from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Rosenblatt Securities raised their price target on shares of Roku from $118.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Benchmark raised their price target on shares of Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Susquehanna raised their price target on shares of Roku from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group raised their price target on shares of Roku from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.42.

Roku Profile

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.