PFG Investments LLC Buys 150 Shares of Roku, Inc. (NASDAQ:ROKU)

PFG Investments LLC grew its stake in Roku, Inc. (NASDAQ:ROKU) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,157 shares of the company’s stock after purchasing an additional 150 shares during the quarter. PFG Investments LLC’s holdings in Roku were worth $310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Swedbank AB bought a new stake in shares of Roku during the first quarter valued at approximately $1,180,000. SG Americas Securities LLC grew its position in shares of Roku by 238.6% in the 2nd quarter. SG Americas Securities LLC now owns 73,528 shares of the company’s stock worth $4,407,000 after buying an additional 51,815 shares during the period. Kessler Investment Group LLC increased its stake in shares of Roku by 21.8% in the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after acquiring an additional 13,590 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Roku by 23.3% during 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. Finally, Vanguard Group Inc. boosted its stake in Roku by 0.8% during the first quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company’s stock worth $778,560,000 after acquiring an additional 92,658 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROKU has been the subject of a number of analyst reports. Morgan Stanley raised their target price on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Tuesday. Macquarie lifted their price objective on Roku from $72.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Benchmark restated a “buy” rating and set a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Finally, Robert W. Baird upped their price target on shares of Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $82.55.

Insider Activity

In related news, insider Gilbert Fuchsberg sold 1,693 shares of the firm’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 of the company’s stock, valued at approximately $2,485,582.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Charles Collier sold 15,454 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 value of $1,159,050.00. Following the completion of the sale, the insider now directly owns 200 shares of the company’s stock, valued at approximately $15,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gilbert Fuchsberg sold 1,693 shares of Roku stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total transaction of $109,012.27. Following the transaction, the insider now directly owns 38,602 shares in the company, valued at $2,485,582.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,566 shares of company stock valued at $5,254,000 in the last quarter. 13.98% of the stock is currently owned by insiders.

Roku Trading Up 1.4 %

Shares of ROKU opened at $77.51 on Thursday. The firm has a market cap of $11.17 billion, a PE ratio of -19.43 and a beta of 2.08. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84. The firm has a fifty day simple moving average of $72.95 and a two-hundred day simple moving average of $63.56.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. The company had revenue of $968.18 million for the quarter, compared to the consensus estimate of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. Roku’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.76) earnings per share. As a group, research analysts forecast that Roku, Inc. will post -1.43 EPS for the current fiscal 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.