Executive Wealth Management LLC increased its holdings in Roku, Inc. (NASDAQ:ROKU) by 54.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 8,790 shares of the company’s stock after purchasing an additional 3,104 shares during the quarter. Executive Wealth Management LLC’s holdings in Roku were worth $1,659,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of ROKU. Vanguard Group Inc. grew its position in Roku by 10.4% in the second quarter. Vanguard Group Inc. now owns 8,525,746 shares of the company’s stock worth $993,504,000 after acquiring an additional 806,132 shares during the period. FMR LLC lifted its stake in Roku by 8.4% during the second quarter. FMR LLC now owns 10,151,517 shares of the company’s stock worth $1,182,956,000 after purchasing an additional 788,755 shares in the last quarter. Morgan Stanley lifted its stake in Roku by 16.5% during the first quarter. Morgan Stanley now owns 5,225,768 shares of the company’s stock worth $457,151,000 after purchasing an additional 741,898 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Roku during the second quarter worth $60,685,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Roku by 21.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,319,623 shares of the company’s stock worth $270,306,000 after purchasing an additional 414,836 shares in the last quarter. Institutional investors own 62.26% of the company’s stock.
Roku stock traded down $1.57 during midday trading on Monday, reaching $222.39. The company’s stock had a trading volume of 72,632 shares, compared to its average volume of 10,926,445. Roku, Inc. has a fifty-two week low of $58.22 and a fifty-two week high of $239.14. The company has a quick ratio of 2.98, a current ratio of 3.09 and a debt-to-equity ratio of 0.09. The company has a market cap of $27.93 billion, a P/E ratio of -194.09 and a beta of 1.81. The business has a 50-day simple moving average of $190.94 and a 200-day simple moving average of $144.72.
Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.20. The company had revenue of $356.07 million for the quarter, compared to analyst estimates of $302.17 million. Roku had a negative return on equity of 19.43% and a negative net margin of 10.28%. As a group, equities analysts forecast that Roku, Inc. will post -1.44 earnings per share for the current year.
In other Roku news, CEO Anthony J. Wood sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $160.28, for a total transaction of $5,609,800.00. Following the transaction, the chief executive officer now owns 60,000 shares of the company’s stock, valued at $9,616,800. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alan S. Henricks sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $149.49, for a total value of $2,989,800.00. Following the transaction, the director now directly owns 26,287 shares in the company, valued at approximately $3,929,643.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 316,011 shares of company stock worth $53,502,832. Corporate insiders own 22.70% of the company’s stock.
A number of research analysts have commented on the company. Wedbush restated a “buy” rating and set a $205.00 price target on shares of Roku in a research note on Wednesday, September 9th. KeyCorp assumed coverage on Roku in a research note on Monday, September 14th. They set an “overweight” rating and a $228.00 price target on the stock. Loop Capital upped their price target on Roku from $90.00 to $120.00 in a research note on Monday, August 3rd. Royal Bank of Canada reiterated a “buy” rating and issued a $171.00 price objective on shares of Roku in a research note on Monday, July 20th. Finally, Morgan Stanley reiterated a “sell” rating and issued a $110.00 price objective on shares of Roku in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $174.48.
Roku, Inc, together with its subsidiaries, 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, 2019, the company had 36.9 million active accounts.
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