B. Metzler seel. Sohn & Co. Holding AG Invests $253,000 in Roku, Inc. (NASDAQ:ROKU)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Roku, Inc. (NASDAQ:ROKU) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 3,394 shares of the company’s stock, valued at approximately $253,000.

Several other large investors have also added to or reduced their stakes in ROKU. UniSuper Management Pty Ltd boosted its stake in Roku by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,800 shares of the company’s stock worth $117,000 after purchasing an additional 900 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Roku by 127.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 49,912 shares of the company’s stock worth $3,255,000 after purchasing an additional 27,940 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Roku by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 71,174 shares of the company’s stock worth $4,640,000 after purchasing an additional 3,104 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Roku by 323.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 199,911 shares of the company’s stock valued at $13,028,000 after acquiring an additional 152,719 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Roku by 1.1% during the 1st quarter. California State Teachers Retirement System now owns 197,106 shares of the company’s stock valued at $12,845,000 after acquiring an additional 2,190 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Price Performance

Shares of Roku stock opened at $68.22 on Tuesday. The stock has a market capitalization of $9.91 billion, a P/E ratio of -56.85 and a beta of 2.07. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84. The business’s 50 day simple moving average is $74.45 and its two-hundred day simple moving average is $65.13.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company earned ($2.33) EPS. Sell-side analysts expect that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total transaction of $75,330.00. Following the sale, the chief financial officer now directly owns 54,267 shares in the company, valued at $4,087,933.11. The trade was a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the sale, the chief executive officer now owns 5,020 shares in the company, valued at $376,500. This represents a 83.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,240 shares of company stock worth $6,729,582. 13.98% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of research analyst reports. Benchmark reiterated a “buy” rating and set a $105.00 price target on shares of Roku in a research report on Thursday, September 12th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target for the company in a research report on Tuesday, October 1st. Loop Capital lifted their price target on Roku from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Citigroup lifted their price target on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Finally, Wedbush lifted their price target on Roku from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $84.14.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.