Roku, Inc. (NASDAQ:ROKU) Holdings Decreased by Sessa Capital IM L.P.

Sessa Capital IM L.P. lowered its stake in Roku, Inc. (NASDAQ:ROKU) by 9.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 500,000 shares of the company’s stock after selling 52,616 shares during the quarter. Roku comprises about 0.9% of Sessa Capital IM L.P.’s holdings, making the stock its 15th biggest position. Sessa Capital IM L.P.’s holdings in Roku were worth $29,965,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Roku by 24.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company’s stock worth $478,939,000 after purchasing an additional 1,457,925 shares in the last quarter. Nikko Asset Management Americas Inc. grew its position in Roku by 25.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock worth $462,108,000 after buying an additional 1,455,408 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Roku in the fourth quarter valued at $35,856,000. Vanguard Group Inc. boosted its stake in shares of Roku by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company’s stock worth $1,086,533,000 after acquiring an additional 380,409 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Roku by 138.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 342,400 shares of the company’s stock worth $22,314,000 after acquiring an additional 198,600 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Trading Down 0.4 %

Shares of NASDAQ:ROKU opened at $73.70 on Friday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The firm has a fifty day moving average price of $64.19 and a 200 day moving average price of $61.48. The stock has a market capitalization of $10.62 billion, a PE ratio of -18.47 and a beta of 2.06.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. The business 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%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.76) EPS. On average, sell-side analysts forecast that Roku, Inc. will post -1.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ROKU has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Roku from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Friday, September 13th. Wedbush restated an “outperform” rating and set a $75.00 price target on shares of Roku in a report on Friday, August 2nd. Citigroup upped their price target on shares of Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Roku currently has a consensus rating of “Hold” and a consensus target price of $79.10.

Insider Activity

In other Roku news, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the sale, the chief financial officer now directly owns 54,267 shares in the company, valued at $4,087,933.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Roku news, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction that occurred 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 owns 54,267 shares of the company’s stock, valued at approximately $4,087,933.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on 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 owns 5,020 shares of the company’s stock, valued at $376,500. 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 over the last 90 days. 13.98% of the stock is currently owned by company insiders.

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.