Mcdonald Partners LLC Has $1.40 Million Holdings in Roku, Inc. (NASDAQ:ROKU)

Mcdonald Partners LLC cut its position in shares of Roku, Inc. (NASDAQ:ROKU) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,800 shares of the company’s stock after selling 208 shares during the quarter. Mcdonald Partners LLC’s holdings in Roku were worth $1,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROKU. GS Investments Inc. grew its holdings in shares of Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after buying an additional 147 shares in the last quarter. PFG Investments LLC grew its stake in Roku by 3.7% during the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after acquiring an additional 150 shares in the last quarter. True Vision MN LLC increased its holdings in shares of Roku by 3.1% in the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock valued at $375,000 after purchasing an additional 152 shares during the period. CIBC Asset Management Inc lifted its position in shares of Roku by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock worth $287,000 after purchasing an additional 191 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Roku by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after purchasing an additional 202 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROKU has been the topic of several research reports. Bank of America upped their price objective on shares of Roku from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Friday. Loop Capital upped their price target on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Citizens Jmp raised Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. JMP Securities boosted their target price on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday. Finally, UBS Group raised their price target on Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Roku presently has a consensus rating of “Moderate Buy” and an average price target of $92.62.

Roku Trading Up 14.1 %

Shares of ROKU stock opened at $99.07 on Tuesday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The firm’s 50 day moving average is $80.86 and its 200-day moving average is $74.18.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Equities research analysts anticipate that Roku, Inc. will post -1.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.73, for a total value of $82,730.00. Following the transaction, the chief financial officer now owns 64,555 shares of the company’s stock, valued at $5,340,635.15. This represents a 1.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Friday, January 10th. The stock was sold at an average price of $79.77, for a total value of $1,994,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,116,936.26. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 77,421 shares of company stock valued at $6,448,886. 13.98% of the stock is currently owned by insiders.

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.