Duality Advisers LP decreased its holdings in shares of Roku, Inc. (NASDAQ:ROKU – Free Report) by 70.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 13,826 shares of the company’s stock after selling 33,455 shares during the period. Duality Advisers LP’s holdings in Roku were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of ROKU. MetLife Investment Management LLC purchased a new stake in shares of Roku in the first quarter valued at approximately $955,000. Synovus Financial Corp lifted its holdings in Roku by 45.2% in the first quarter. Synovus Financial Corp now owns 3,501 shares of the company’s stock valued at $448,000 after acquiring an additional 1,090 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Roku by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 94,224 shares of the company’s stock worth $11,806,000 after purchasing an additional 2,130 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Roku by 32.5% during the 1st quarter. Cetera Investment Advisers now owns 10,620 shares of the company’s stock worth $1,330,000 after purchasing an additional 2,605 shares during the period. Finally, Brighton Jones LLC increased its holdings in shares of Roku by 8.6% in the 1st quarter. Brighton Jones LLC now owns 1,874 shares of the company’s stock valued at $235,000 after purchasing an additional 148 shares in the last quarter. 69.21% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Roku news, SVP Stephen H. Kay sold 5,692 shares of Roku stock in a transaction on Monday, July 31st. The shares were sold at an average price of $91.68, for a total value of $521,842.56. Following the transaction, the senior vice president now owns 78,527 shares in the company, valued at approximately $7,199,355.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Stephen H. Kay sold 5,692 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $91.68, for a total value of $521,842.56. Following the transaction, the senior vice president now directly owns 78,527 shares in the company, valued at approximately $7,199,355.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gidon Katz sold 1,968 shares of Roku stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $79.14, for a total value of $155,747.52. Following the completion of the transaction, the insider now directly owns 22,572 shares in the company, valued at $1,786,348.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,000 shares of company stock valued at $1,615,295. Insiders own 13.63% of the company’s stock.
Roku Stock Down 2.0 %
Roku (NASDAQ:ROKU – Get Free Report) last posted its quarterly earnings results on Thursday, July 27th. The company reported ($0.76) EPS for the quarter, beating the consensus estimate of ($1.28) by $0.52. The company had revenue of $847.20 million during the quarter, compared to analysts’ expectations of $774.65 million. Roku had a negative return on equity of 25.15% and a negative net margin of 20.54%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.82) EPS. Sell-side analysts expect that Roku, Inc. will post -5.13 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of Roku from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Citigroup cut Roku from a “buy” rating to a “neutral” rating and upped their price target for the stock from $75.00 to $105.00 in a report on Thursday, August 3rd. Wells Fargo & Company lifted their price objective on Roku from $63.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday, July 28th. Susquehanna reissued a “positive” rating and issued a $95.00 target price on shares of Roku in a report on Thursday, September 7th. Finally, Evercore ISI lifted their price target on Roku from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $82.17.
Roku, Inc, together with its subsidiaries, operates a TV streaming platform. 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 company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.
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