4,009 Shares of Roku, Inc. $ROKU Acquired by R Squared Ltd

R Squared Ltd purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU) during the third quarter, HoldingsChannel reports. The fund purchased 4,009 shares of the company’s stock, valued at approximately $610,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Signature Equity Partners LLC boosted its holdings in Roku by 1,225.0% in the 3rd quarter. Signature Equity Partners LLC now owns 212 shares of the company’s stock valued at $32,000 after purchasing an additional 196 shares during the period. CX Institutional grew its position in shares of Roku by 44.1% during the 3rd quarter. CX Institutional now owns 281 shares of the company’s stock worth $43,000 after purchasing an additional 86 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of Roku by 208.7% during the second quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock worth $44,000 after purchasing an additional 215 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Roku during the third quarter worth approximately $46,000. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Roku during the second quarter worth approximately $47,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Trading Down 0.5%

NASDAQ ROKU opened at $159.65 on Friday. The firm has a market capitalization of $23.69 billion, a price-to-earnings ratio of 47.23 and a beta of 2.12. The firm’s 50 day simple moving average is $155.55 and its 200 day simple moving average is $129.99. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $163.57.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Monday, November 2nd. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.65. Roku had a net margin of 9.34% and a return on equity of 18.65%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the firm posted $0.16 earnings per share. The firm’s quarterly revenue was up 24.1% compared to the same quarter last year. On average, equities research analysts forecast that Roku, Inc. will post 3.17 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Fox Advisors set a $157.00 price objective on Roku in a report on Friday, July 17th. Citigroup increased their target price on Roku from $120.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Wells Fargo & Company cut Roku from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $167.00 to $165.00 in a research report on Friday, August 14th. Needham & Company LLC restated a “buy” rating on shares of Roku in a research report on Tuesday, November 3rd. Finally, JPMorgan Chase & Co. began coverage on Roku in a research note on Monday, August 24th. They issued a “neutral” rating and a $160.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $156.22.

Insider Activity

In other Roku news, CFO Dan Jedda sold 7,000 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $152.84, for a total value of $1,069,880.00. Following the sale, the chief financial officer owned 67,811 shares of the company’s stock, valued at approximately $10,364,233.24. This trade represents a 9.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Neil Hunt sold 2,000 shares of Roku stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $156.17, for a total value of $312,340.00. Following the completion of the transaction, the director owned 9,629 shares in the company, valued at approximately $1,503,760.93. The trade was a 17.20% decrease in their position. 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. Over the last ninety days, insiders sold 88,028 shares of company stock valued at $13,645,922. Corporate insiders own 13.45% of the company’s stock.

Roku News Roundup

Investors following ROKU have been watching these news items:

• Neutral Sentiment: Several reports say Fox has purchased Roku. The headlines do not specify transaction terms or what the deal means for shareholders, so its financial implications cannot be assessed from the available information. Fox owns Roku now: Here’s what to expect
• Neutral Sentiment: Wedbush dropped coverage of Roku. This is not, by itself, a rating downgrade or a change to an earnings forecast. Wedbush Drops Coverage on Roku
• Negative Sentiment: Discontinuing smart-home devices removes a product line and could limit Roku’s diversification beyond streaming, although the articles do not quantify its contribution to revenue or profit. Roku bails out of Smart Home market after four years

Roku Company Profile

Roku, Inc. provides a streaming platform that connects viewers with television and other digital video content. Its products include streaming players and Roku-branded televisions, as well as the Roku operating system, which the company licenses to television manufacturers. Roku also operates a platform business that supports streaming services and advertisers. Its offerings include the Roku Channel, an ad-supported streaming service, and tools for distributing content and delivering advertising to viewers.