Toronto Dominion Bank Sells 2,569 Shares of Roku, Inc. (NASDAQ:ROKU)

Toronto Dominion Bank cut its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 11.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,080 shares of the company’s stock after selling 2,569 shares during the quarter. Toronto Dominion Bank’s holdings in Roku were worth $1,143,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. ARK Investment Management LLC increased its holdings in shares of Roku by 1.3% during the second quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company’s stock worth $762,096,000 after purchasing an additional 159,785 shares during the period. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 92,658 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Roku by 24.7% during the first 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 during the period. Nikko Asset Management Americas Inc. boosted its position in shares of Roku by 25.8% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock worth $462,108,000 after acquiring an additional 1,455,408 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Roku by 5.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 500,794 shares of the company’s stock worth $30,013,000 after acquiring an additional 24,926 shares in the last quarter. 86.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Gilbert Fuchsberg sold 1,693 shares of Roku stock in a transaction 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 completion of the transaction, the insider now owns 38,602 shares of the company’s stock, valued at $2,485,582.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Roku news, insider Charles Collier sold 15,454 shares of Roku stock in a transaction 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 $15,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gilbert Fuchsberg sold 1,693 shares of Roku stock in a transaction 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 completion of the sale, the insider now directly owns 38,602 shares of the company’s stock, valued at $2,485,582.78. The disclosure for this sale can be found here. Insiders sold 46,945 shares of company stock valued at $3,465,135 over the last quarter. Insiders own 13.98% of the company’s stock.

Roku Stock Performance

ROKU stock opened at $74.66 on Tuesday. The company has a fifty day moving average price of $64.43 and a 200-day moving average price of $61.51. The company has a market capitalization of $10.80 billion, a P/E ratio of -18.65 and a beta of 2.06. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $108.84.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.21. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The business had revenue of $968.18 million during the quarter, compared to the consensus estimate of $937.78 million. During the same quarter last year, the firm earned ($0.76) earnings per share. Roku’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts forecast that Roku, Inc. will post -1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $75.00 price target on shares of Roku in a research report on Friday, August 2nd. Wells Fargo & Company upgraded shares of Roku from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $50.00 to $72.00 in a research report on Thursday, September 5th. Wolfe Research upgraded shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price target on the stock in a research report on Thursday, September 12th. Rosenblatt Securities reduced their price target on shares of Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Benchmark reiterated a “buy” rating and set a $105.00 price target on shares of Roku in a research report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $79.62.

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.