Kestra Private Wealth Services LLC Lowers Stake in Roku, Inc. $ROKU

Kestra Private Wealth Services LLC lowered its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 49.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,059 shares of the company’s stock after selling 6,899 shares during the period. Kestra Private Wealth Services LLC’s holdings in Roku were worth $668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROKU. Blue Trust Inc. increased its stake in shares of Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares in the last quarter. Aventura Private Wealth LLC purchased a new position in shares of Roku during the fourth quarter valued at approximately $26,000. WPG Advisers LLC bought a new stake in shares of Roku in the 4th quarter worth approximately $31,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Roku in the 4th quarter worth approximately $31,000. Finally, Osbon Capital Management LLC bought a new stake in shares of Roku in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $142.43 on Friday. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $148.88. The company has a market cap of $21.00 billion, a P/E ratio of 107.09 and a beta of 2.01. The stock’s fifty day moving average price is $127.74 and its 200-day moving average price is $110.09.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned ($0.19) EPS. Roku’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, sell-side analysts anticipate that Roku, Inc. will post 2.41 earnings per share for the current year.

Insider Activity

In other news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $3,250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mustafa Ozgen sold 10,194 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $144.00, for a total transaction of $1,467,936.00. Following the transaction, the insider owned 19,185 shares in the company, valued at approximately $2,762,640. This trade represents a 34.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 713,020 shares of company stock worth $81,860,846. 13.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ROKU. Benchmark raised their price objective on Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Zacks Research downgraded Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. UBS Group set a $160.00 target price on Roku in a research note on Monday, June 15th. William Blair downgraded Roku from an “outperform” rating to a “market perform” rating in a report on Monday, June 15th. Finally, Morgan Stanley raised their price target on Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Eleven investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $153.71.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.