Roku, Inc. $ROKU Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 138.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,057 shares of the company’s stock after purchasing an additional 23,280 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Roku were worth $4,079,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ROKU. Aviance Capital Partners LLC increased its position in Roku by 2.6% during the third quarter. Aviance Capital Partners LLC now owns 4,172 shares of the company’s stock worth $418,000 after buying an additional 106 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Roku by 28.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,662 shares of the company’s stock valued at $467,000 after acquiring an additional 1,031 shares during the period. Maryland State Retirement & Pension System raised its position in Roku by 9.0% in the 3rd quarter. Maryland State Retirement & Pension System now owns 6,439 shares of the company’s stock valued at $645,000 after purchasing an additional 533 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its position in Roku by 699.2% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 23,248 shares of the company’s stock valued at $2,328,000 after purchasing an additional 20,339 shares during the last quarter. Finally, True Vision MN LLC boosted its stake in Roku by 39.7% during the 3rd quarter. True Vision MN LLC now owns 7,745 shares of the company’s stock worth $776,000 after purchasing an additional 2,201 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Trading Up 0.7%

Shares of ROKU opened at $107.00 on Tuesday. The firm has a market capitalization of $15.81 billion, a P/E ratio of -534.97 and a beta of 1.95. The firm’s 50-day moving average is $104.67 and its two-hundred day moving average is $98.79. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $116.66.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.09. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the firm posted ($0.06) earnings per share. Roku’s revenue was up 14.0% on a year-over-year basis. Analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ROKU. JMP Securities reaffirmed a “market outperform” rating and issued a $145.00 target price on shares of Roku in a report on Thursday, October 2nd. Guggenheim upped their price objective on Roku from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Wall Street Zen upgraded Roku from a “hold” rating to a “buy” rating in a research note on Sunday, December 7th. KeyCorp reissued an “overweight” rating and issued a $116.00 target price on shares of Roku in a report on Tuesday, October 28th. Finally, Pivotal Research increased their price target on Roku from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Twenty-two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $118.79.

Insider Buying and Selling

In other Roku news, insider Charles Collier sold 118,088 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $115.00, for a total value of $13,580,120.00. Following the completion of the transaction, the insider directly owned 200 shares in the company, valued at approximately $23,000. The trade was a 99.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 75,000 shares of Roku stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $109.61, for a total value of $8,220,750.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 386,982 shares of company stock valued at $41,961,592. 13.98% of the stock is currently owned by company insiders.

Roku Company 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.