B. Metzler seel. Sohn & Co. Holding AG Takes $253,000 Position in Roku, Inc. (NASDAQ:ROKU)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Roku, Inc. (NASDAQ:ROKU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,394 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aviance Capital Partners LLC boosted its holdings in Roku by 68.0% in the third quarter. Aviance Capital Partners LLC now owns 13,356 shares of the company’s stock valued at $997,000 after acquiring an additional 5,405 shares during the last quarter. Swiss National Bank boosted its holdings in Roku by 1.3% in the third quarter. Swiss National Bank now owns 376,800 shares of the company’s stock valued at $28,132,000 after acquiring an additional 5,000 shares during the last quarter. KBC Group NV boosted its holdings in Roku by 42.1% in the third quarter. KBC Group NV now owns 19,801 shares of the company’s stock valued at $1,479,000 after acquiring an additional 5,871 shares during the last quarter. Harbour Investments Inc. boosted its holdings in Roku by 12.4% in the third quarter. Harbour Investments Inc. now owns 3,489 shares of the company’s stock valued at $260,000 after acquiring an additional 385 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in Roku by 54.5% in the third quarter. Apollon Wealth Management LLC now owns 5,690 shares of the company’s stock valued at $425,000 after acquiring an additional 2,006 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Trading Down 1.4 %

NASDAQ ROKU opened at $68.22 on Tuesday. The firm has a market capitalization of $9.91 billion, a P/E ratio of -56.85 and a beta of 2.07. The business has a fifty day simple moving average of $74.45 and a 200 day simple moving average of $65.13. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $108.84.

Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm posted ($2.33) EPS. The business’s revenue was up 16.5% compared to the same quarter last year. As a group, sell-side analysts predict that Roku, Inc. will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ROKU shares. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Bank of America increased their price target on Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Macquarie restated an “outperform” rating and set a $90.00 price target on shares of Roku in a report on Thursday, October 31st. Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Friday, August 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Roku in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roku has an average rating of “Moderate Buy” and a consensus price target of $84.14.

Insider Activity

In other news, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the completion of the transaction, the insider now owns 38,602 shares in the company, valued at approximately $2,485,582.78. This represents a 4.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the transaction, the chief executive officer now owns 5,020 shares of the company’s stock, valued at $376,500. The trade was a 83.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,240 shares of company stock valued at $6,729,582 in the last ninety days. 13.98% of the stock is currently owned by insiders.

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.