Smith Group Asset Management LLC Sells 130 Shares of Roku, Inc. (NASDAQ:ROKU)

Smith Group Asset Management LLC cut its holdings in Roku, Inc. (NASDAQ:ROKU) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,190 shares of the company’s stock after selling 130 shares during the quarter. Smith Group Asset Management LLC’s holdings in Roku were worth $535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Roku by 1.7% in the 3rd quarter. FMR LLC now owns 14,570,372 shares of the company’s stock worth $1,087,824,000 after purchasing an additional 244,793 shares during the period. Holocene Advisors LP purchased a new stake in Roku in the third quarter worth about $129,015,000. Westfield Capital Management Co. LP grew its holdings in shares of Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock worth $114,646,000 after acquiring an additional 856,401 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Roku by 3.2% in the 3rd 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 in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in shares of Roku by 352.5% in the 3rd 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 during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ROKU has been the topic of several recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Roku in a research note on Wednesday, January 8th. Piper Sandler increased their price target 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. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Roku in a research note on Tuesday, January 7th. JMP Securities started coverage on shares of Roku in a research note on Tuesday, January 21st. They set a “mkt outperform” rating and a $95.00 target price for the company. Finally, Jefferies Financial Group dropped their price target on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.18.

Roku Trading Up 0.3 %

Shares of ROKU opened at $82.58 on Thursday. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $99.80. The firm has a fifty day simple moving average of $77.88 and a two-hundred day simple moving average of $71.78.

Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.29. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Roku’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.33) earnings per share. As a group, analysts forecast that Roku, Inc. will post -1.09 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the chief financial officer now owns 65,555 shares in the company, valued at $4,916,625. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Matthew C. Banks sold 8,693 shares of Roku stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.44, for a total value of $621,027.92. Following the transaction, the chief accounting officer now directly owns 7,264 shares in the company, valued at approximately $518,940.16. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,095 shares of company stock worth $5,726,218 in the last quarter. Company insiders own 13.98% of the company’s stock.

Roku 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.