Roku, Inc. (NASDAQ:ROKU) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its holdings in Roku, Inc. (NASDAQ:ROKU) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,210 shares of the company’s stock after selling 540 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Roku were worth $792,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in Roku in the 1st quarter valued at approximately $1,180,000. SG Americas Securities LLC increased its position in Roku by 238.6% in the 2nd quarter. SG Americas Securities LLC now owns 73,528 shares of the company’s stock valued at $4,407,000 after acquiring an additional 51,815 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Roku by 23.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,822 shares of the company’s stock valued at $4,094,000 after acquiring an additional 11,851 shares during the period. Garde Capital Inc. acquired a new position in shares of Roku during the 4th quarter valued at $105,000. Finally, Vanguard Group Inc. increased its position in shares of Roku by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company’s stock valued at $778,560,000 after purchasing an additional 92,658 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ROKU. JPMorgan Chase & Co. lifted their price target on Roku from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Benchmark reiterated a “buy” rating and set a $105.00 price target on shares of Roku in a research report on Thursday, September 12th. Wedbush reiterated an “outperform” rating and set a $75.00 price target on shares of Roku in a research report on Friday, August 2nd. Citigroup lifted their price target on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Friday, August 23rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Roku has an average rating of “Hold” and an average target price of $79.10.

Insiders Place Their Bets

In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through the SEC website. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the transaction, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at approximately $376,500. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Gilbert Fuchsberg sold 1,693 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the transaction, the insider now directly owns 38,602 shares in the company, valued at $2,485,582.78. The disclosure for this sale can be found here. Insiders have sold a total of 46,945 shares of company stock valued at $3,465,135 in the last three months. Insiders own 13.98% of the company’s stock.

Roku Trading Down 3.1 %

NASDAQ:ROKU opened at $74.01 on Thursday. The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of -18.55 and a beta of 2.06. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84. The business’s fifty day moving average price is $63.97 and its 200 day moving average price is $61.39.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.21. The firm had revenue of $968.18 million for the quarter, compared to analyst estimates of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. Roku’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.76) earnings per share. Equities analysts forecast that Roku, Inc. will post -1.44 earnings per share for the current year.

Roku Company 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.