Private Advisor Group LLC Reduces Holdings in Roku Inc (NASDAQ:ROKU)

Private Advisor Group LLC decreased its holdings in shares of Roku Inc (NASDAQ:ROKU) by 10.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 14,560 shares of the company’s stock after selling 1,694 shares during the period. Private Advisor Group LLC’s holdings in Roku were worth $1,697,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ROKU. Jaffetilchin Investment Partners LLC acquired a new position in shares of Roku during the 2nd quarter worth approximately $55,000. Pacitti Group Inc. purchased a new stake in shares of Roku during the second quarter worth approximately $36,000. Global Wealth Management Investment Advisory Inc. increased its position in shares of Roku by 225.0% during the second quarter. Global Wealth Management Investment Advisory Inc. now owns 260 shares of the company’s stock worth $30,000 after purchasing an additional 180 shares in the last quarter. Sandy Spring Bank increased its position in shares of Roku by 70.0% during the second quarter. Sandy Spring Bank now owns 340 shares of the company’s stock worth $39,000 after purchasing an additional 140 shares in the last quarter. Finally, CENTRAL TRUST Co increased its position in shares of Roku by 33.9% during the second quarter. CENTRAL TRUST Co now owns 395 shares of the company’s stock worth $46,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 62.26% of the company’s stock.

In other Roku news, CEO Anthony J. Wood sold 100,000 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $160.40, for a total transaction of $16,040,000.00. Following the completion of the sale, the chief executive officer now owns 125,000 shares of the company’s stock, valued at $20,050,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steve Louden sold 75,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $162.51, for a total value of $12,188,250.00. Following the sale, the chief financial officer now directly owns 75,000 shares of the company’s stock, valued at approximately $12,188,250. The disclosure for this sale can be found here. Over the last three months, insiders sold 429,997 shares of company stock valued at $69,095,309. Insiders own 19.40% of the company’s stock.

Shares of ROKU stock opened at $168.52 on Wednesday. The stock has a fifty day moving average price of $156.58 and a 200 day moving average price of $124.27. The stock has a market cap of $21.02 billion, a PE ratio of -146.54 and a beta of 1.85. Roku Inc has a 1 year low of $58.22 and a 1 year high of $185.44. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.98 and a current ratio of 3.09.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.35) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.55) by $0.20. Roku had a negative return on equity of 19.43% and a negative net margin of 10.28%. As a group, equities research analysts predict that Roku Inc will post -1.49 earnings per share for the current year.

ROKU has been the subject of several research reports. Deutsche Bank started coverage on Roku in a research report on Tuesday, August 11th. They set a “buy” rating and a $185.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $190.00 target price on shares of Roku in a report on Tuesday, September 1st. Oppenheimer upped their target price on Roku from $140.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. They noted that the move was a valuation call. ValuEngine upgraded Roku from a “hold” rating to a “buy” rating in a report on Wednesday, August 12th. Finally, Stephens reiterated a “hold” rating and set a $105.00 price target on shares of Roku in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the stock. Roku has an average rating of “Buy” and a consensus target price of $163.04.

Roku Company Profile

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.

Read More: Equity Income

Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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