Gilder Gagnon Howe & Co. LLC lessened its holdings in Roku Inc (NASDAQ:ROKU) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,250,113 shares of the company’s stock after selling 274,922 shares during the quarter. Roku accounts for approximately 3.8% of Gilder Gagnon Howe & Co. LLC’s holdings, making the stock its 3rd largest holding. Gilder Gagnon Howe & Co. LLC owned 2.77% of Roku worth $330,731,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. CENTRAL TRUST Co raised its position in Roku by 47.5% during the third quarter. CENTRAL TRUST Co now owns 295 shares of the company’s stock valued at $30,000 after acquiring an additional 95 shares in the last quarter. MCF Advisors LLC purchased a new position in Roku during the third quarter valued at approximately $31,000. Catalyst Capital Advisors LLC increased its position in shares of Roku by 59.4% in the third quarter. Catalyst Capital Advisors LLC now owns 322 shares of the company’s stock valued at $33,000 after buying an additional 120 shares in the last quarter. Executive Wealth Management LLC increased its position in shares of Roku by 1,110.3% in the third quarter. Executive Wealth Management LLC now owns 351 shares of the company’s stock valued at $35,000 after buying an additional 322 shares in the last quarter. Finally, Larson Financial Group LLC purchased a new stake in shares of Roku in the third quarter valued at approximately $48,000. 53.06% of the stock is owned by institutional investors and hedge funds.
Shares of Roku stock traded up $0.60 during trading hours on Tuesday, hitting $146.14. The company’s stock had a trading volume of 8,274,975 shares, compared to its average volume of 21,565,988. Roku Inc has a twelve month low of $26.30 and a twelve month high of $176.55. The firm has a fifty day moving average of $145.66 and a 200-day moving average of $122.43. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of -1,826.75 and a beta of 1.73.
Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.06. The firm had revenue of $260.90 million for the quarter, compared to the consensus estimate of $257.64 million. Roku had a negative return on equity of 9.79% and a negative net margin of 3.77%. The company’s quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.09) EPS. Equities analysts predict that Roku Inc will post -0.53 earnings per share for the current year.
In other Roku news, CFO Steve Louden sold 95,789 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $155.95, for a total transaction of $14,938,294.55. Following the sale, the chief financial officer now owns 95,789 shares in the company, valued at approximately $14,938,294.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alan S. Henricks sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $130.08, for a total value of $650,400.00. Following the sale, the director now owns 10,222 shares in the company, valued at approximately $1,329,677.76. The disclosure for this sale can be found here. Insiders sold a total of 288,775 shares of company stock worth $40,690,465 in the last quarter. Company insiders own 22.70% of the company’s stock.
A number of research firms have recently commented on ROKU. Wedbush restated a “hold” rating and issued a $105.00 price objective on shares of Roku in a research report on Thursday, November 7th. Rosenblatt Securities boosted their price objective on Roku from $134.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Needham & Company LLC boosted their price objective on Roku from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Bank of America boosted their price objective on Roku from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Pivotal Research began coverage on Roku in a research report on Friday, September 20th. They issued a “sell” rating and a $60.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $127.28.
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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