Roku, Inc. (NASDAQ:ROKU) Shares Sold by TD Asset Management Inc

TD Asset Management Inc trimmed its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 3.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,548 shares of the company’s stock after selling 381 shares during the period. TD Asset Management Inc’s holdings in Roku were worth $632,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ROKU. Avantax Advisory Services Inc. increased its position in shares of Roku by 0.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock worth $1,187,000 after acquiring an additional 117 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Roku by 0.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock worth $4,415,000 after purchasing an additional 150 shares in the last quarter. Mcdonald Partners LLC raised its stake in Roku by 0.9% during the 2nd quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock valued at $1,175,000 after purchasing an additional 175 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Roku by 43.5% in the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after purchasing an additional 187 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its position in shares of Roku by 4.3% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 4,731 shares of the company’s stock worth $434,000 after buying an additional 194 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wolfe Research raised Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective for the company in a research note on Thursday. Wells Fargo & Company upgraded shares of Roku from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $50.00 to $72.00 in a report on Thursday, September 5th. Wedbush reiterated an “outperform” rating and issued a $75.00 price objective on shares of Roku in a research note on Friday, August 2nd. JPMorgan Chase & Co. decreased their target price on shares of Roku from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Guggenheim upgraded shares of 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. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $78.25.

Insiders Place Their Bets

In other news, insider Gilbert Fuchsberg sold 1,693 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total value of $109,012.27. Following the transaction, the insider now directly owns 38,602 shares of the company’s stock, valued at approximately $2,485,582.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at $376,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gilbert Fuchsberg sold 1,693 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total value of $109,012.27. Following the transaction, the insider now directly owns 38,602 shares in the company, valued at approximately $2,485,582.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,945 shares of company stock valued at $3,389,805. 13.98% of the stock is currently owned by insiders.

Roku Stock Performance

Roku stock opened at $74.69 on Monday. The business has a 50 day simple moving average of $61.88 and a 200 day simple moving average of $60.71. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The company had revenue of $968.18 million during the quarter, compared to analysts’ expectations of $937.78 million. During the same period last year, the business earned ($0.76) earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Roku, Inc. will post -1.45 EPS for the current fiscal 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.