Hartford Financial Management Inc. lifted its stake in shares of Roku Inc (NASDAQ:ROKU) by 40.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 845 shares of the company’s stock after acquiring an additional 245 shares during the period. Hartford Financial Management Inc.’s holdings in Roku were worth $86,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Sheaff Brock Investment Advisors LLC grew its stake in Roku by 26.0% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 4,661 shares of the company’s stock valued at $474,000 after purchasing an additional 961 shares in the last quarter. Brighton Jones LLC acquired a new stake in Roku during the 3rd quarter valued at approximately $650,000. Leavell Investment Management Inc. acquired a new stake in Roku during the 3rd quarter valued at approximately $204,000. Sheets Smith Wealth Management acquired a new stake in Roku during the 3rd quarter valued at approximately $205,000. Finally, CENTRAL TRUST Co grew its stake in Roku by 47.5% during the 3rd quarter. CENTRAL TRUST Co now owns 295 shares of the company’s stock valued at $30,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 52.60% of the company’s stock.
A number of equities research analysts have weighed in on ROKU shares. Loop Capital raised their price objective on Roku to $80.00 and gave the company a “sell” rating in a research note on Thursday, August 8th. BidaskClub upgraded Roku from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. CIBC lifted their target price on Roku from $79.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Zacks Investment Research upgraded Roku from a “hold” rating to a “strong-buy” rating and set a $122.00 target price for the company in a research report on Wednesday, October 9th. Finally, Macquarie upgraded Roku from a “neutral” rating to an “outperform” rating and set a $130.00 target price for the company in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $119.98.
In related news, CEO Anthony J. Wood sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.24, for a total value of $3,613,400.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alan S. Henricks sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $125.10, for a total value of $1,251,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 190,419 shares of company stock worth $24,780,726. Company insiders own 22.70% of the company’s stock.
Shares of ROKU traded up $13.14 during mid-day trading on Monday, hitting $146.88. The stock had a trading volume of 24,051,813 shares, compared to its average volume of 14,138,475. The company has a market cap of $15.25 billion, a PE ratio of -1,836.00 and a beta of 1.68. The company’s fifty day simple moving average is $125.72 and its two-hundred day simple moving average is $104.76. Roku Inc has a fifty-two week low of $26.30 and a fifty-two week high of $176.55.
Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.14. The company had revenue of $250.10 million during the quarter, compared to analyst estimates of $223.36 million. Roku had a negative return on equity of 6.77% and a negative net margin of 2.41%. The company’s revenue was up 59.5% on a year-over-year basis. On average, equities analysts anticipate that Roku Inc will post -0.5 earnings per share for the current year.
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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