Roku, Inc. (NASDAQ:ROKU) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 900.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,000 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Roku were worth $75,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ROKU. Future Financial Wealth Managment LLC acquired a new stake in Roku in the third quarter worth about $43,000. Benjamin Edwards Inc. lifted its stake in shares of Roku by 43.5% in the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock worth $40,000 after acquiring an additional 187 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Roku by 835.6% during the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after acquiring an additional 610 shares during the period. Finally, Cedar Wealth Management LLC bought a new stake in Roku during the second quarter worth approximately $48,000. Institutional investors own 86.30% of the company’s stock.

Roku Price Performance

Shares of ROKU opened at $77.56 on Thursday. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of -19.44 and a beta of 2.08. The business’s 50-day moving average is $69.60 and its 200-day moving average is $62.62. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $108.84.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating 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 company had revenue of $968.18 million during the quarter, compared to analyst estimates of $937.78 million. During the same quarter last year, the business posted ($0.76) EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities research analysts expect that Roku, Inc. will post -1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ROKU shares. Robert W. Baird lifted their price target on Roku from $56.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, September 30th. Macquarie lifted their target price on Roku from $72.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Benchmark reissued a “buy” rating and issued a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Bank of America lifted their price objective on shares of Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Citigroup boosted their target price on shares of Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $81.24.

Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at $376,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Roku news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.25, for a total value of $76,250.00. Following the completion of the sale, the chief financial officer now directly owns 53,267 shares of the company’s stock, valued at $4,061,608.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were 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 $376,500. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,566 shares of company stock valued at $5,254,000. 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.