Roku, Inc. (NASDAQ:ROKU) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. lowered its holdings in Roku, Inc. (NASDAQ:ROKU) by 61.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 488 shares of the company’s stock after selling 781 shares during the period. Rakuten Securities Inc.’s holdings in Roku were worth $36,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ARK Investment Management LLC raised its position in shares of Roku by 1.3% during the 2nd quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company’s stock worth $762,096,000 after purchasing an additional 159,785 shares during the period. Vanguard Group Inc. grew its stake in Roku by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company’s stock worth $778,560,000 after buying an additional 92,658 shares during the last quarter. Bank of New York Mellon Corp increased its position in Roku by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 500,794 shares of the company’s stock worth $30,013,000 after buying an additional 24,926 shares during the period. Canada Pension Plan Investment Board lifted its stake in Roku by 138.1% in the first quarter. Canada Pension Plan Investment Board now owns 342,400 shares of the company’s stock valued at $22,314,000 after buying an additional 198,600 shares during the last quarter. Finally, Andra AP fonden boosted its holdings in shares of Roku by 116.6% during the second quarter. Andra AP fonden now owns 293,900 shares of the company’s stock valued at $17,613,000 after acquiring an additional 158,200 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on ROKU. Wells Fargo & Company increased their price objective on shares of Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Guggenheim raised Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Friday, August 23rd. Bank of America boosted their price objective on Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Macquarie reaffirmed an “outperform” rating and set a $90.00 target price on shares of Roku in a research note on Thursday, October 31st. Finally, Piper Sandler increased their price target on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.95.

Insider Activity at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total transaction of $76,250.00. Following the sale, the chief financial officer now owns 53,267 shares in the company, valued at approximately $4,061,608.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the transaction, the chief executive officer now owns 5,020 shares in the company, valued at approximately $376,500. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.25, for a total value of $76,250.00. Following the transaction, the chief financial officer now directly owns 53,267 shares in the company, valued at $4,061,608.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,776 shares of company stock worth $5,267,305 in the last quarter. 13.98% of the stock is owned by company insiders.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $76.62 on Wednesday. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84. The company has a 50 day moving average price of $73.89 and a 200 day moving average price of $64.44.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share 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 analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted ($2.33) EPS. Sell-side analysts predict that Roku, Inc. will post -1.1 earnings per share for the current year.

Roku 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.