Greylin Investment Mangement Inc. lessened its stake in shares of Roku Inc (NASDAQ:ROKU) by 10.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,615 shares of the company’s stock after selling 290 shares during the quarter. Greylin Investment Mangement Inc.’s holdings in Roku were worth $266,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in ROKU. Morgan Stanley boosted its stake in Roku by 517.2% during the second quarter. Morgan Stanley now owns 3,966,759 shares of the company’s stock worth $359,308,000 after buying an additional 3,324,069 shares during the period. Vanguard Group Inc. boosted its stake in Roku by 17.4% during the second quarter. Vanguard Group Inc. now owns 6,582,049 shares of the company’s stock worth $596,202,000 after buying an additional 975,714 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Roku by 89.5% during the second quarter. Allianz Asset Management GmbH now owns 1,884,212 shares of the company’s stock worth $170,672,000 after purchasing an additional 889,773 shares in the last quarter. Invesco Ltd. lifted its position in shares of Roku by 19,212.3% during the second quarter. Invesco Ltd. now owns 803,776 shares of the company’s stock worth $72,806,000 after purchasing an additional 799,614 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Roku by 12.1% during the first quarter. FMR LLC now owns 7,108,246 shares of the company’s stock worth $458,553,000 after purchasing an additional 767,418 shares in the last quarter. 52.54% of the stock is owned by institutional investors.
ROKU has been the topic of several research reports. ValuEngine cut shares of Roku from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Oppenheimer increased their price target on shares of Roku from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Macquarie raised shares of Roku from a “neutral” rating to an “outperform” rating in a research report on Wednesday. DA Davidson increased their price target on shares of Roku from $135.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Needham & Company LLC set a $150.00 price target on shares of Roku and gave the stock a “buy” rating in a research report on Friday, September 6th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $117.14.
In other Roku news, CEO Anthony J. Wood sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $103.24, for a total value of $3,613,400.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Stephen H. Kay sold 12,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $109.03, for a total transaction of $1,308,360.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 180,419 shares of company stock worth $23,162,426. 22.70% of the stock is owned by corporate insiders.
NASDAQ:ROKU traded up $6.30 during mid-day trading on Friday, hitting $122.43. The stock had a trading volume of 863,866 shares, compared to its average volume of 21,893,988. The stock has a 50-day simple moving average of $131.13 and a two-hundred day simple moving average of $100.01. The company has a market capitalization of $12.55 billion, a PE ratio of -1,531.38 and a beta of 1.68. Roku Inc has a twelve month low of $26.30 and a twelve month high of $176.55.
Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.14. The firm had revenue of $250.10 million for the quarter, compared to analysts’ expectations of $223.36 million. Roku had a negative net margin of 2.41% and a negative return on equity of 6.77%. The business’s revenue for the quarter was up 59.5% on a year-over-year basis. As a group, equities analysts anticipate that Roku Inc will post -0.5 EPS for the current fiscal year.
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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