Wilmington Savings Fund Society FSB Has $561,000 Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Wilmington Savings Fund Society FSB decreased its stake in Roku, Inc. (NASDAQ:ROKU) by 8.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,519 shares of the company’s stock after selling 681 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Roku were worth $561,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ROKU. FMR LLC boosted its holdings in shares of Roku by 1.7% in the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock worth $1,087,824,000 after buying an additional 244,793 shares during the period. ARK Investment Management LLC lifted its position in shares of Roku by 1.3% in the 2nd quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company’s stock valued at $762,096,000 after acquiring an additional 159,785 shares in the last quarter. Holocene Advisors LP acquired a new position in Roku in the 3rd quarter worth approximately $129,015,000. Westfield Capital Management Co. LP grew its position in Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock worth $114,646,000 after purchasing an additional 856,401 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Roku by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock worth $71,373,000 after purchasing an additional 30,038 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

ROKU has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Roku in a research report on Wednesday, December 4th. Wolfe Research upgraded Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective for the company in a research report on Thursday, September 12th. Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, August 23rd. UBS Group started coverage on shares of Roku in a report on Friday, November 22nd. They set a “neutral” rating and a $73.00 price target for the company. Finally, Benchmark reaffirmed a “buy” rating and set a $105.00 price objective on shares of Roku in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.81.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total value of $75,330.00. Following the completion of the sale, the chief financial officer now owns 54,267 shares in the company, valued at approximately $4,087,933.11. This trade represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at $2,193,100.32. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,096 shares of company stock worth $5,653,823 over the last three months. 13.98% of the stock is currently owned by insiders.

Roku Stock Up 1.3 %

Shares of Roku stock opened at $82.99 on Monday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $108.84. The stock has a 50 day moving average price of $75.00 and a two-hundred day moving average price of $67.03. The stock has a market capitalization of $12.05 billion, a P/E ratio of -69.16 and a beta of 2.06.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.29. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. Roku’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.33) EPS. Sell-side analysts anticipate that Roku, Inc. will post -1.1 earnings per share for the current year.

About Roku

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.