Roku, Inc. (NASDAQ:ROKU) Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. reduced its position in Roku, Inc. (NASDAQ:ROKUFree Report) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,607 shares of the company’s stock after selling 225 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Roku were worth $342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROKU. FMR LLC increased its position in shares of Roku by 1.7% in the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock valued at $1,087,824,000 after buying an additional 244,793 shares in the last quarter. Holocene Advisors LP acquired a new stake in Roku in the 3rd quarter valued at about $129,015,000. Westfield Capital Management Co. LP increased its holdings in Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock valued at $114,646,000 after acquiring an additional 856,401 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Roku by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock worth $71,373,000 after acquiring an additional 30,038 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Roku by 352.5% in the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock valued at $48,653,000 after purchasing an additional 507,643 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ROKU. Piper Sandler raised their price objective on shares of Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Loop Capital boosted their price target on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective on shares of Roku in a research report on Tuesday, January 7th. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Finally, Bank of America upped their target price on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.18.

Read Our Latest Stock Report on ROKU

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $83.78 on Friday. The stock has a 50-day simple moving average of $76.87 and a 200-day simple moving average of $71.06. The stock has a market capitalization of $12.16 billion, a P/E ratio of -69.82 and a beta of 2.05. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $99.80.

Roku (NASDAQ:ROKUGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned ($2.33) earnings per share. Roku’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts predict that Roku, Inc. will post -1.09 earnings per share for the current year.

Insider Activity at Roku

In related news, insider Charles Collier sold 10,771 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $71.14, for a total transaction of $766,248.94. Following the transaction, the insider now directly owns 3,790 shares of the company’s stock, valued at approximately $269,620.60. The trade was a 73.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,193,100.32. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 73,095 shares of company stock worth $5,726,218. Corporate insiders own 13.98% of the company’s stock.

About Roku

(Free Report)

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.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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