Havemeyer Place LP Invests $1.08 Million in Roku, Inc. $ROKU

Havemeyer Place LP purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 9,905 shares of the company’s stock, valued at approximately $1,075,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Apollon Wealth Management LLC boosted its holdings in Roku by 1.5% in the fourth quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock worth $700,000 after purchasing an additional 96 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in Roku by 1.0% in the third quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock worth $995,000 after purchasing an additional 100 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in Roku by 2.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock worth $648,000 after purchasing an additional 127 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Roku by 3.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,664 shares of the company’s stock worth $398,000 after purchasing an additional 135 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in Roku by 32.1% in the third quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $56,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In related news, CAO Matthew C. Banks sold 546 shares of Roku stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $127.26, for a total transaction of $69,483.96. Following the sale, the chief accounting officer directly owned 7,725 shares in the company, valued at $983,083.50. The trade was a 6.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Charles Collier sold 7,067 shares of Roku stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $127.26, for a total transaction of $899,346.42. Following the sale, the insider owned 15,200 shares in the company, valued at approximately $1,934,352. This represents a 31.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 696,631 shares of company stock valued at $77,636,680. 13.45% of the stock is currently owned by insiders.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to expand its free ad-supported streaming lineup, adding new channels including Sports Illustrated and FIFA Plus, plus four more free channels in June. That supports engagement on The Roku Channel and could improve ad inventory and viewing time. Article Title
• Positive Sentiment: The company also launched a $25 bundle pairing the Streaming Stick Plus with Fox One, which may help drive device sales and keep Roku’s ecosystem competitive. Article Title
• Positive Sentiment: Roku has been benefiting from a bullish narrative around its growing household reach and stronger live-sports positioning, which investors may see as supportive of future ad and platform revenue. Article Title

Roku Stock Performance

ROKU stock opened at $122.26 on Monday. The stock has a market capitalization of $18.02 billion, a price-to-earnings ratio of 91.93 and a beta of 2.06. Roku, Inc. has a 1 year low of $73.91 and a 1 year high of $133.46. The stock’s fifty day moving average is $115.32 and its two-hundred day moving average is $105.21.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the business posted ($0.19) earnings per share. As a group, analysts predict that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on ROKU. UBS Group set a $170.00 price objective on shares of Roku in a report on Thursday, May 28th. Stifel Nicolaus set a $160.00 price objective on shares of Roku in a report on Monday, March 2nd. Evercore reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Roku in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Roku in a report on Friday, May 15th. Finally, Rosenblatt Securities lifted their price objective on shares of Roku from $118.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Roku has an average rating of “Moderate Buy” and an average price target of $145.29.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.