Canal Capital Management LLC Decreases Stake in Roku, Inc. (NASDAQ:ROKU)

Canal Capital Management LLC reduced its holdings in Roku, Inc. (NASDAQ:ROKU) by 12.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 840 shares of the company’s stock after selling 120 shares during the period. Canal Capital Management LLC’s holdings in Roku were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Credit Agricole S A lifted its stake in shares of Roku by 48.3% in the second quarter. Credit Agricole S A now owns 86 shares of the company’s stock worth $40,000 after buying an additional 28 shares in the last quarter. Selective Wealth Management Inc. acquired a new stake in Roku during the second quarter worth about $46,000. Bessemer Group Inc. acquired a new stake in Roku during the second quarter worth about $46,000. Activest Wealth Management increased its position in Roku by 218.2% during the third quarter. Activest Wealth Management now owns 105 shares of the company’s stock worth $33,000 after purchasing an additional 72 shares during the last quarter. Finally, Lindbrook Capital LLC increased its position in Roku by 150.0% during the second quarter. Lindbrook Capital LLC now owns 135 shares of the company’s stock worth $62,000 after purchasing an additional 81 shares during the last quarter. 62.12% of the stock is currently owned by hedge funds and other institutional investors.

ROKU stock opened at $231.45 on Friday. The company has a fifty day moving average price of $300.93 and a 200 day moving average price of $348.79. Roku, Inc. has a 12 month low of $222.32 and a 12 month high of $490.76. The company has a market cap of $31.10 billion, a price-to-earnings ratio of 114.02, a price-to-earnings-growth ratio of 3.55 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.43 and a quick ratio of 4.32.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, November 3rd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.06 by $0.42. Roku had a net margin of 11.22% and a return on equity of 12.69%. During the same period in the prior year, the business posted $0.09 earnings per share. As a group, analysts anticipate that Roku, Inc. will post 1.56 earnings per share for the current year.

In other Roku news, VP Scott A. Rosenberg sold 7,500 shares of the business’s stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $233.56, for a total value of $1,751,700.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Stephen H. Kay sold 1,325 shares of the business’s stock in a transaction on Tuesday, November 16th. The shares were sold at an average price of $272.03, for a total transaction of $360,439.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 516,992 shares of company stock valued at $164,283,240. 15.32% of the stock is owned by insiders.

A number of equities research analysts have weighed in on the stock. Morgan Stanley dropped their price target on shares of Roku from $310.00 to $295.00 and set an “underweight” rating for the company in a research report on Thursday, November 4th. Susquehanna dropped their price target on shares of Roku from $530.00 to $380.00 and set a “positive” rating for the company in a research report on Thursday, November 4th. Wells Fargo & Company dropped their price target on shares of Roku from $350.00 to $305.00 and set an “equal weight” rating for the company in a research report on Thursday, November 4th. Rosenblatt Securities dropped their price objective on shares of Roku from $560.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, November 4th. Finally, Pivotal Research dropped their price objective on shares of Roku from $410.00 to $350.00 and set a “hold” rating for the company in a report on Thursday, November 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $411.64.

Roku Profile

Roku, Inc engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)