SBI Securities Co. Ltd. Has $2.31 Million Stock Position in Roku, Inc. (NASDAQ:ROKU)

SBI Securities Co. Ltd. grew its position in shares of Roku, Inc. (NASDAQ:ROKU) by 16.6% in the first quarter, HoldingsChannel reports. The fund owned 32,787 shares of the company’s stock after acquiring an additional 4,671 shares during the period. SBI Securities Co. Ltd.’s holdings in Roku were worth $2,310,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ROKU. Garde Capital Inc. acquired a new stake in shares of Roku in the 1st quarter valued at approximately $25,000. Golden State Wealth Management LLC boosted its holdings in shares of Roku by 125.4% in the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock valued at $31,000 after buying an additional 247 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Roku in the 1st quarter valued at approximately $35,000. First PREMIER Bank acquired a new stake in shares of Roku in the 1st quarter valued at approximately $35,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after buying an additional 491 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Price Performance

ROKU stock opened at $89.82 on Tuesday. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of -123.04 and a beta of 2.12. The business’s fifty day moving average price is $76.79 and its two-hundred day moving average price is $75.60. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.08. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business earned ($0.35) EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. Research analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling

In related news, CAO Matthew C. Banks sold 629 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $72.98, for a total value of $45,904.42. Following the transaction, the chief accounting officer owned 8,555 shares in the company, valued at approximately $624,343.90. This trade represents a 6.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mai Fyfield sold 914 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $78.50, for a total value of $71,749.00. Following the completion of the transaction, the director owned 4,374 shares in the company, valued at $343,359. The trade was a 17.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,520 shares of company stock valued at $7,357,094 in the last ninety days. Insiders own 13.98% of the company’s stock.

Analyst Ratings Changes

ROKU has been the subject of several recent analyst reports. Rosenblatt Securities cut their price objective on Roku from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Evercore ISI cut their price objective on Roku from $105.00 to $80.00 and set an “in-line” rating for the company in a report on Friday, May 2nd. Needham & Company LLC increased their price objective on Roku from $88.50 to $100.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Compass Point assumed coverage on Roku in a research note on Sunday, March 23rd. They issued a “buy” rating on the stock. Finally, Piper Sandler increased their price target on Roku from $65.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.67.

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.