Aviva PLC boosted its holdings in shares of Roku, Inc. (NASDAQ:ROKU – Get Rating) by 108.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 164,889 shares of the company’s stock after purchasing an additional 85,610 shares during the period. Aviva PLC owned approximately 0.12% of Roku worth $4,460,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. CoreCap Advisors LLC purchased a new position in Roku during the 4th quarter worth $25,000. Benjamin Edwards Inc. grew its position in Roku by 33.6% during the 4th quarter. Benjamin Edwards Inc. now owns 759 shares of the company’s stock worth $31,000 after purchasing an additional 191 shares during the last quarter. Beacon Capital Management LLC grew its position in Roku by 155.6% during the 4th quarter. Beacon Capital Management LLC now owns 979 shares of the company’s stock worth $40,000 after purchasing an additional 596 shares during the last quarter. Concord Wealth Partners purchased a new position in Roku during the 4th quarter worth $42,000. Finally, Covestor Ltd grew its position in Roku by 693.2% during the 1st quarter. Covestor Ltd now owns 349 shares of the company’s stock worth $44,000 after purchasing an additional 305 shares during the last quarter. 66.11% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Roku
In other news, insider Gidon Katz sold 3,694 shares of Roku stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $57.50, for a total transaction of $212,405.00. Following the completion of the sale, the insider now directly owns 15,450 shares in the company, valued at $888,375. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Gidon Katz sold 3,694 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $57.50, for a total transaction of $212,405.00. Following the completion of the transaction, the insider now owns 15,450 shares of the company’s stock, valued at $888,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mustafa Ozgen sold 8,812 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $61.93, for a total transaction of $545,727.16. Following the transaction, the insider now directly owns 25,338 shares of the company’s stock, valued at approximately $1,569,182.34. The disclosure for this sale can be found here. Insiders sold a total of 15,748 shares of company stock worth $958,909 over the last ninety days. 13.79% of the stock is currently owned by corporate insiders.
Roku Trading Up 2.7 %
Roku (NASDAQ:ROKU – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The company reported ($1.38) EPS for the quarter, topping analysts’ consensus estimates of ($1.44) by $0.06. The business had revenue of $741.00 million during the quarter, compared to the consensus estimate of $707.59 million. Roku had a negative net margin of 21.23% and a negative return on equity of 24.71%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) earnings per share. As a group, analysts expect that Roku, Inc. will post -5.23 EPS for the current year.
Analysts Set New Price Targets
Several brokerages have issued reports on ROKU. Wedbush reissued an “outperform” rating and set a $80.00 price objective on shares of Roku in a research report on Monday, March 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of Roku in a report on Friday, February 24th. Loop Capital lifted their target price on shares of Roku from $56.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 16th. SpectralCast reaffirmed a “maintains” rating on shares of Roku in a report on Thursday, April 27th. Finally, Pivotal Research lowered their target price on shares of Roku from $55.00 to $53.00 and set a “sell” rating on the stock in a report on Thursday, April 27th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Roku presently has a consensus rating of “Hold” and a consensus price target of $71.04.
Roku Company Profile
Roku, Inc engages in the provision of a streaming platform for television. It operates through the Platform and Devices segments. The Platform segment includes digital advertising and related services including the demand-side platform and content distribution services such as subscription and transaction revenue shares, media and entertainment promotional spending, the sale of premium subscriptions, and the sale of branded channel buttons on remote controls.
Further Reading
- Get a free copy of the StockNews.com research report on Roku (ROKU)
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