Roku, Inc. (NASDAQ:ROKU) Position Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in Roku, Inc. (NASDAQ:ROKU) by 84.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,463 shares of the company’s stock after selling 125,228 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Roku were worth $1,677,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in shares of Roku by 8,030.0% during the third quarter. International Assets Investment Management LLC now owns 108,780 shares of the company’s stock worth $8,122,000 after purchasing an additional 107,442 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Roku by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after acquiring an additional 202 shares during the last quarter. Kessler Investment Group LLC grew its stake in shares of Roku by 21.8% in the third 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 during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Roku by 11.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock worth $165,000 after buying an additional 222 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Roku by 227.7% during the third quarter. Blue Trust Inc. now owns 8,494 shares of the company’s stock worth $634,000 after buying an additional 5,902 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ROKU shares. Wells Fargo & Company boosted their target price on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday. Morgan Stanley lifted their price target on Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday. Macquarie reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Roku in a report on Thursday. Jefferies Financial Group cut their price target on Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Friday. Finally, Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $80.00 price objective for the company in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $83.95.

Roku Trading Up 2.5 %

NASDAQ ROKU opened at $65.70 on Friday. The company has a market cap of $9.51 billion, a PE ratio of -54.75 and a beta of 2.08. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $108.84. The stock has a 50 day moving average of $73.29 and a 200-day moving average of $63.66.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.30% and a negative net margin of 4.42%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted ($2.33) EPS. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, sell-side analysts predict that Roku, Inc. will post -1.41 EPS for the current fiscal year.

Insider Activity at Roku

In related news, insider Gilbert Fuchsberg sold 1,693 shares of the 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 sale, the insider now owns 38,602 shares in the company, valued at approximately $2,485,582.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the sale, the insider now directly owns 38,602 shares of the company’s stock, valued at approximately $2,485,582.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Charles Collier sold 15,454 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,159,050.00. Following the sale, the insider now directly owns 200 shares in the company, valued at approximately $15,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,566 shares of company stock worth $5,254,000. Company insiders own 13.98% of the company’s stock.

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.