True Vision MN LLC Has $375,000 Stock Position in Roku, Inc. (NASDAQ:ROKU)

True Vision MN LLC boosted its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,018 shares of the company’s stock after purchasing an additional 152 shares during the period. True Vision MN LLC’s holdings in Roku were worth $375,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ROKU. CANADA LIFE ASSURANCE Co increased its holdings in Roku by 127.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 49,912 shares of the company’s stock worth $3,255,000 after buying an additional 27,940 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Roku by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 71,174 shares of the company’s stock worth $4,640,000 after acquiring an additional 3,104 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Roku by 1.1% during the 1st quarter. California State Teachers Retirement System now owns 197,106 shares of the company’s stock valued at $12,845,000 after purchasing an additional 2,190 shares during the last quarter. Beacon Capital Management LLC boosted its position in Roku by 17.7% during the first quarter. Beacon Capital Management LLC now owns 1,547 shares of the company’s stock worth $101,000 after purchasing an additional 233 shares during the period. Finally, Plato Investment Management Ltd increased its holdings in shares of Roku by 564.6% in the first quarter. Plato Investment Management Ltd now owns 3,044 shares of the company’s stock valued at $198,000 after purchasing an additional 2,586 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROKU has been the subject of several research analyst reports. Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Citigroup increased their target price on Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Tuesday, October 1st. Wedbush increased their price objective on Roku from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group reduced their target price on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.14.

Roku Stock Performance

Shares of ROKU traded up $0.89 during mid-day trading on Wednesday, reaching $67.20. The company had a trading volume of 216,008 shares, compared to its average volume of 4,398,130. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of -55.26 and a beta of 2.07. The company’s 50 day simple moving average is $74.16 and its 200 day simple moving average is $65.25. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84.

Roku (NASDAQ:ROKU) last issued 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 firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the business posted ($2.33) earnings per share. As a group, equities analysts forecast that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Charles Collier sold 15,454 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,159,050.00. Following the completion of the transaction, the insider now directly owns 200 shares of the company’s stock, valued at $15,000. This trade represents a 98.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total value of $75,330.00. Following the completion of the sale, the chief financial officer now directly owns 54,267 shares of the company’s stock, valued at approximately $4,087,933.11. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,240 shares of company stock worth $6,729,582 in the last 90 days. Insiders own 13.98% of the company’s stock.

Roku Company 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.