Roku, Inc. (NASDAQ:ROKU) Stock Holdings Lessened by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,550 shares of the company’s stock after selling 880 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Roku were worth $1,139,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. PFG Investments LLC raised its position in Roku by 3.7% during the third quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after acquiring an additional 150 shares in the last quarter. Cross Staff Investments Inc bought a new position in Roku during the third quarter valued at approximately $224,000. International Assets Investment Management LLC raised its position in Roku by 8,030.0% during the third quarter. International Assets Investment Management LLC now owns 108,780 shares of the company’s stock valued at $8,122,000 after acquiring an additional 107,442 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Roku by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock valued at $352,000 after acquiring an additional 202 shares in the last quarter. Finally, Kessler Investment Group LLC raised its position in Roku by 21.8% during the third quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock valued at $5,672,000 after acquiring an additional 13,590 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ROKU shares. Citigroup raised their price objective on shares of Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Benchmark reiterated a “buy” rating and set a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target on the stock in a report on Tuesday, October 1st. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Roku in a report on Thursday. Finally, Bank of America increased their price target on Roku from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 30th. 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $83.95.

Insider Buying and Selling

In related news, insider Gilbert Fuchsberg sold 1,693 shares of the company’s stock in a transaction dated 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 owns 38,602 shares in the company, valued at $2,485,582.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Gilbert Fuchsberg sold 1,693 shares of the company’s stock in a transaction dated 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 owns 38,602 shares in the company, valued at $2,485,582.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,875,000.00. Following the transaction, the chief executive officer now owns 5,020 shares in the company, valued at approximately $376,500. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,566 shares of company stock worth $5,254,000 in the last 90 days. Corporate insiders own 13.98% of the company’s stock.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $65.70 on Friday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The company’s fifty day moving average is $73.22 and its 200-day moving average is $63.71. The company has a market capitalization of $9.51 billion, a PE ratio of -54.75 and a beta of 2.07.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.30%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.33) EPS. On average, analysts forecast that Roku, Inc. will post -1.41 EPS for the current 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.