Y.D. More Investments Ltd Purchases New Holdings in Roku, Inc. $ROKU

Y.D. More Investments Ltd acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU) during the 1st quarter, Holdings Channel.com reports. The fund acquired 8,009 shares of the company’s stock, valued at approximately $728,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. increased its stake in shares of Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares in the last quarter. Aventura Private Wealth LLC bought a new stake in shares of Roku in the 4th quarter worth approximately $26,000. Bayban boosted its position in shares of Roku by 1,300.0% in the 1st quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 260 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Roku in the 4th quarter worth approximately $31,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Roku during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $142.34 on Tuesday. The company has a market cap of $20.99 billion, a P/E ratio of 107.02 and a beta of 2.01. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $148.88. The stock’s fifty day moving average price is $131.43 and its 200-day moving average price is $111.64.

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

Insider Activity at Roku

In other news, insider Gilbert Fuchsberg sold 9,593 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 transaction of $1,204,113.36. Following the completion of the transaction, the insider directly owned 50,863 shares of the company’s stock, valued at $6,384,323.76. The trade was a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $128.79, for a total transaction of $9,659,250.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 477,737 shares of company stock worth $58,132,511 over the last quarter. 13.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of recent research reports. Seaport Research Partners set a $155.00 price objective on Roku in a research note on Tuesday, June 16th. UBS Group set a $160.00 target price on Roku in a research note on Monday, June 15th. Guggenheim raised their price target on Roku from $140.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Morgan Stanley lifted their price target on Roku from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Finally, Oppenheimer cut shares of Roku from an “outperform” rating to a “market perform” rating in a research note on Monday, June 15th. Eleven research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Roku currently has an average rating of “Hold” and an average target price of $153.71.

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.