ING Groep NV Buys Shares of 50,800 Roku, Inc. $ROKU

ING Groep NV purchased a new stake in Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, HoldingsChannel reports. The firm purchased 50,800 shares of the company’s stock, valued at approximately $5,511,000.

Several other large investors have also made changes to their positions in ROKU. Blue Trust Inc. grew its stake in shares of Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after buying an additional 204 shares in the last quarter. Aventura Private Wealth LLC bought a new stake in shares of Roku in the 4th quarter valued at approximately $26,000. WPG Advisers LLC bought a new stake in shares of Roku in the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. grew its stake in shares of Roku by 55.6% in the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after buying an additional 158 shares in the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of Roku in the 3rd quarter valued at approximately $51,000. Institutional investors own 86.30% of the company’s stock.

Roku Trading Up 1.1%

Shares of NASDAQ ROKU opened at $123.57 on Tuesday. The business has a fifty day simple moving average of $116.01 and a 200 day simple moving average of $105.41. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 92.91 and a beta of 2.06. Roku, Inc. has a one year low of $73.91 and a one year high of $133.46.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the company posted ($0.19) earnings per share. Roku’s revenue was up 22.4% on a year-over-year basis. On average, research analysts anticipate that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Roku news, insider Gilbert Fuchsberg sold 9,593 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $125.52, for a total transaction of $1,204,113.36. Following the completion of the transaction, the insider directly owned 50,863 shares in the company, valued at $6,384,323.76. This represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 75,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $128.79, for a total value of $9,659,250.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 667,168 shares of company stock valued at $75,218,573. 13.45% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ROKU shares. Rosenblatt Securities boosted their target price on Roku from $118.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, May 1st. UBS Group set a $170.00 target price on Roku in a report on Thursday, May 28th. Citizens Jmp restated a “market outperform” rating and issued a $170.00 target price on shares of Roku in a report on Thursday, May 28th. Guggenheim boosted their target price on Roku from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Evercore restated an “outperform” rating and issued a $150.00 target price on shares of Roku in a report on Friday, February 13th. Twenty-two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and a consensus price target of $145.29.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.