Roku, Inc. (NASDAQ:ROKU) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lessened its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 3.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,935 shares of the company’s stock after selling 226 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Roku were worth $416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ROKU. Corient Private Wealth LLC raised its stake in shares of Roku by 4.4% in the 4th quarter. Corient Private Wealth LLC now owns 10,540 shares of the company’s stock worth $966,000 after buying an additional 449 shares in the last quarter. Commerce Bank bought a new stake in shares of Roku in the 4th quarter worth $224,000. Orion Portfolio Solutions LLC bought a new stake in shares of Roku in the 4th quarter worth $498,000. Parallel Advisors LLC raised its stake in shares of Roku by 59.6% in the 4th quarter. Parallel Advisors LLC now owns 1,692 shares of the company’s stock worth $155,000 after buying an additional 632 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Roku by 17.9% in the 4th quarter. TD Asset Management Inc now owns 22,142 shares of the company’s stock worth $2,030,000 after buying an additional 3,369 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Price Performance

Shares of NASDAQ ROKU opened at $74.41 on Friday. The business’s 50-day moving average price is $64.43 and its two-hundred day moving average price is $61.55. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84. The company has a market capitalization of $10.77 billion, a P/E ratio of -18.65 and a beta of 2.06.

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

Insider Transactions at Roku

In other news, insider Gilbert Fuchsberg sold 1,693 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the completion of the sale, the insider now owns 38,602 shares in the company, valued at approximately $2,485,582.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,485,582.78. 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 firm’s 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 $1,875,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,020 shares in the company, valued at approximately $376,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,945 shares of company stock worth $3,465,135. 13.98% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ROKU has been the topic of a number of research reports. Wolfe Research raised Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective on the stock in a research note on Thursday, September 12th. Citigroup boosted their target price on Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $75.00 target price on shares of Roku in a research report on Friday, August 2nd. Guggenheim raised Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Friday, August 23rd. Finally, Macquarie cut their target price on Roku from $88.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.10.

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.