Swiss National Bank Has $35.56 Million Position in Roku, Inc. (NASDAQ:ROKU)

Swiss National Bank lowered its position in Roku, Inc. (NASDAQ:ROKU) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 388,000 shares of the company’s stock after selling 8,800 shares during the quarter. Swiss National Bank’s holdings in Roku were worth $35,564,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ROKU. GAMMA Investing LLC bought a new position in shares of Roku during the fourth quarter worth about $27,000. Creative Financial Designs Inc. ADV bought a new position in Roku during the fourth quarter worth $29,000. Federated Hermes Inc. bought a new position in Roku during the third quarter worth $37,000. Headinvest LLC acquired a new stake in Roku in the third quarter worth $42,000. Finally, Spire Wealth Management increased its stake in Roku by 35.3% in the third quarter. Spire Wealth Management now owns 621 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on ROKU. Wells Fargo & Company raised their target price on Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Citigroup dropped their price target on Roku from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. Wedbush lowered their price target on shares of Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Seaport Res Ptn raised shares of Roku from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Finally, Jefferies Financial Group began coverage on Roku in a research report on Thursday, May 2nd. They set an “underperform” rating and a $50.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $82.50.

Roku Trading Down 0.3 %

NASDAQ ROKU opened at $60.14 on Wednesday. The company’s 50 day moving average is $61.91 and its two-hundred day moving average is $78.30. Roku, Inc. has a 12 month low of $51.62 and a 12 month high of $108.84. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of -15.07 and a beta of 1.69.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. The firm had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.38) EPS. Sell-side analysts forecast that Roku, Inc. will post -1.94 EPS for the current year.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now owns 141,221 shares in the company, valued at approximately $13,930,039.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Charles Collier sold 12,277 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total transaction of $798,741.62. Following the completion of the transaction, the insider now owns 4,292 shares in the company, valued at approximately $279,237.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the completion of the transaction, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The disclosure for this sale can be found here. Insiders have sold 54,751 shares of company stock worth $4,375,835 over the last quarter. Insiders own 13.63% of the company’s stock.

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.