Roku, Inc. (NASDAQ:ROKU) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in shares of Roku, Inc. (NASDAQ:ROKU) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,721 shares of the company’s stock after acquiring an additional 202 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Roku were worth $352,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. ARK Investment Management LLC raised its holdings in shares of Roku by 1.3% during the second 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 during the last quarter. Vanguard Group Inc. grew its position in shares of Roku by 0.8% in the first 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 in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Roku by 24.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company’s stock valued at $478,939,000 after purchasing an additional 1,457,925 shares in the last quarter. Nikko Asset Management Americas Inc. grew its position in shares of Roku by 25.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock valued at $462,108,000 after purchasing an additional 1,455,408 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Roku by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 500,794 shares of the company’s stock valued at $30,013,000 after purchasing an additional 24,926 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Activity

In other news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total value of $75,330.00. Following the sale, the chief financial officer now directly owns 54,267 shares in the company, valued at approximately $4,087,933.11. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Roku news, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total value of $75,330.00. Following the sale, the chief financial officer now directly owns 54,267 shares in the company, valued at $4,087,933.11. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares in the company, valued at approximately $376,500. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,566 shares of company stock worth $5,254,000. Corporate insiders own 13.98% of the company’s stock.

Roku Stock Up 1.0 %

ROKU opened at $76.05 on Tuesday. The firm has a market cap of $10.96 billion, a P/E ratio of -19.06 and a beta of 2.08. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The business has a fifty day simple moving average of $72.38 and a 200-day simple moving average of $63.34.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.21. The business had revenue of $968.18 million for the quarter, compared to analysts’ expectations of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.76) earnings per share. Sell-side analysts expect that Roku, Inc. will post -1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ROKU shares. Citigroup upped their price target on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Friday, August 23rd. Wells Fargo & Company upgraded Roku from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $50.00 to $72.00 in a research report on Thursday, September 5th. Robert W. Baird increased their price objective on Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Finally, Benchmark reiterated a “buy” rating and issued a $105.00 price objective on shares of Roku in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Roku has an average rating of “Hold” and a consensus price target of $82.30.

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.