Roku, Inc. (NASDAQ:ROKU) Shares Purchased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC increased its stake in Roku, Inc. (NASDAQ:ROKU) by 13.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,705 shares of the company’s stock after purchasing an additional 1,425 shares during the period. Thoroughbred Financial Services LLC’s holdings in Roku were worth $701,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. lifted its stake in shares of Roku by 0.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock worth $1,187,000 after buying an additional 117 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Roku by 0.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock worth $4,415,000 after acquiring an additional 150 shares during the period. Mcdonald Partners LLC grew its stake in Roku by 0.9% during the 2nd quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock valued at $1,175,000 after purchasing an additional 175 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Roku by 43.5% in the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after purchasing an additional 187 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its stake in shares of Roku by 4.3% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 4,731 shares of the company’s stock worth $434,000 after purchasing an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other news, insider Charles Collier sold 3,590 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total transaction of $233,350.00. Following the completion of the transaction, the insider now directly owns 12,064 shares in the company, valued at $784,160. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Charles Collier sold 3,590 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total transaction of $233,350.00. Following the sale, the insider now owns 12,064 shares of the company’s stock, valued at $784,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at approximately $376,500. The disclosure for this sale can be found here. Insiders have sold a total of 45,945 shares of company stock valued at $3,389,805 over the last quarter. 13.98% of the stock is owned by company insiders.

Roku Trading Up 0.8 %

ROKU stock opened at $74.69 on Monday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $108.84. The business’s 50-day moving average is $61.88 and its 200 day moving average is $60.69. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of -18.72 and a beta of 2.06.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.21. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The firm had revenue of $968.18 million for the quarter, compared to analysts’ expectations of $937.78 million. During the same quarter in the previous year, the company posted ($0.76) EPS. The company’s revenue was up 14.3% compared to the same quarter last year. As a group, equities analysts forecast that Roku, Inc. will post -1.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ROKU. JPMorgan Chase & Co. cut their price target on shares of Roku from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Wells Fargo & Company upgraded shares of Roku from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $50.00 to $72.00 in a research report on Thursday, September 5th. Benchmark reaffirmed a “buy” rating and set a $105.00 price target on shares of Roku in a research report on Thursday. Wolfe Research raised Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective for the company in a report on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Roku in a report on Friday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Roku currently has an average rating of “Hold” and a consensus target price of $78.25.

Roku Profile

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.