Trek Financial LLC Acquires 11,161 Shares of Roku, Inc. $ROKU

Trek Financial LLC increased its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 12.6% in the fourth quarter, HoldingsChannel reports. The firm owned 99,478 shares of the company’s stock after buying an additional 11,161 shares during the period. Trek Financial LLC’s holdings in Roku were worth $10,792,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Katamaran Capital LLP bought a new position in Roku during the fourth quarter worth about $2,988,000. Swiss Life Asset Management Ltd boosted its holdings in shares of Roku by 2.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock worth $648,000 after acquiring an additional 127 shares during the period. Bensler LLC bought a new stake in shares of Roku during the fourth quarter worth approximately $1,826,000. Crossmark Global Holdings Inc. boosted its holdings in shares of Roku by 11.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 33,347 shares of the company’s stock worth $3,618,000 after acquiring an additional 3,418 shares during the period. Finally, Kessler Investment Group LLC boosted its holdings in shares of Roku by 1.7% during the fourth quarter. Kessler Investment Group LLC now owns 116,444 shares of the company’s stock worth $12,633,000 after acquiring an additional 1,917 shares during the period. Institutional investors own 86.30% of the company’s stock.

Roku Trading Down 1.1%

Shares of ROKU stock opened at $128.07 on Tuesday. The stock has a market cap of $18.88 billion, a P/E ratio of 96.29 and a beta of 2.04. The stock has a 50 day simple moving average of $104.20 and a 200 day simple moving average of $101.97. Roku, Inc. has a 1 year low of $65.20 and a 1 year high of $131.39.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.23. The business had revenue of $1.25 billion during 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 revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.19) earnings per share. Analysts forecast that Roku, Inc. will post 2.41 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Rosenblatt Securities boosted their price objective on Roku from $118.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Benchmark boosted their price objective on Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Pivotal Research restated a “buy” rating and set a $160.00 price objective (up from $140.00) on shares of Roku in a report on Friday, May 1st. Citigroup boosted their price objective on Roku from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Needham & Company LLC boosted their price objective on Roku from $110.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Twenty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.42.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Robert W. Baird raised its price target on Roku to $160 from $130 and kept an “outperform” rating, signaling confidence in further upside for the stock.
• Positive Sentiment: Roku announced it will be the North American streaming home for the inaugural Enhanced Games, with the event streaming free on the Roku Sports Channel on May 24. The partnership could help drive engagement and reinforce Roku’s sports-content strategy. Roku to Serve as the North American Streaming Home for the Inaugural Enhanced Games
• Neutral Sentiment: Several articles highlighted Roku devices and features, including discounted Roku hardware, home screen customization, and remote shortcuts. These stories may improve consumer interest and brand visibility, but they are unlikely to move the stock on their own.
• Neutral Sentiment: A short-interest update showed no meaningful short position data available, so it does not appear to provide a clear new trading signal for Roku.

Insiders Place Their Bets

In related news, Director Neil D. Hunt sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $122.11, for a total value of $244,220.00. Following the completion of the sale, the director directly owned 7,782 shares in the company, valued at approximately $950,260.02. The trade was a 20.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Matthew C. Banks sold 725 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $125.52, for a total value of $91,002.00. Following the completion of the sale, the chief accounting officer owned 6,222 shares of the company’s stock, valued at approximately $780,985.44. This trade represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 613,038 shares of company stock valued at $66,417,045 in the last quarter. Company insiders own 13.45% of the company’s stock.

About Roku

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.