Empowered Funds LLC Sells 378 Shares of Roku, Inc. (NASDAQ:ROKU)

Empowered Funds LLC trimmed its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,219 shares of the company’s stock after selling 378 shares during the period. Empowered Funds LLC’s holdings in Roku were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROKU. Swedbank AB acquired a new stake in Roku during the 1st quarter worth about $1,180,000. SG Americas Securities LLC raised its position in shares of Roku by 238.6% during the 2nd quarter. SG Americas Securities LLC now owns 73,528 shares of the company’s stock worth $4,407,000 after purchasing an additional 51,815 shares during the last quarter. Kessler Investment Group LLC increased its position in shares of Roku by 21.8% during the third quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after purchasing an additional 13,590 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Roku by 127.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 49,912 shares of the company’s stock valued at $3,255,000 after buying an additional 27,940 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Roku by 240.3% in the 1st quarter. Cetera Investment Advisers now owns 41,805 shares of the company’s stock valued at $2,724,000 after acquiring an additional 29,521 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roku

In other news, CAO Matthew C. Banks sold 8,693 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the transaction, the chief accounting officer now owns 7,264 shares of the company’s stock, valued at $518,940.16. This represents a 54.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at $376,500. This represents a 83.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,240 shares of company stock valued at $6,729,582. Insiders own 13.98% of the company’s stock.

Roku Stock Down 1.4 %

Shares of NASDAQ:ROKU opened at $68.22 on Tuesday. The company has a market cap of $9.91 billion, a price-to-earnings ratio of -56.85 and a beta of 2.07. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $108.84. The firm’s 50-day simple moving average is $74.45 and its 200-day simple moving average is $65.13.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company posted ($2.33) EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, research analysts forecast that Roku, Inc. will post -1.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ROKU shares. Wedbush lifted their price target on Roku from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Morgan Stanley upped their price objective on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price target on shares of Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Citigroup increased their price objective on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.14.

About Roku

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.