Robeco Institutional Asset Management B.V. Cuts Position in Roku, Inc. (NASDAQ:ROKU)

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 14.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,979 shares of the company’s stock after selling 14,247 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.06% of Roku worth $6,270,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Roku in the third quarter worth about $43,000. Geneos Wealth Management Inc. grew its stake in shares of Roku by 835.6% in the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after buying an additional 610 shares in the last quarter. Cedar Wealth Management LLC acquired a new stake in shares of Roku in the second quarter valued at about $48,000. Finally, Natixis purchased a new stake in shares of Roku during the 1st quarter valued at about $53,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROKU has been the subject of several recent research reports. Rosenblatt Securities increased their price objective on shares of Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Morgan Stanley raised their price target on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Robert W. Baird boosted their price objective on shares of Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Bank of America upped their price objective on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Jefferies Financial Group cut their price target on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Roku has an average rating of “Hold” and an average target price of $83.95.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $72.03 on Friday. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84. The company’s fifty day moving average is $73.35 and its two-hundred day moving average is $64.05. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of -60.02 and a beta of 2.07.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) 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 analysts’ expectations of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. Roku’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the company posted ($2.33) earnings per share. Sell-side analysts expect that Roku, Inc. will post -1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was 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 directly owns 5,020 shares in the company, valued at approximately $376,500. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Roku news, 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 value of $1,875,000.00. Following the sale, the chief executive officer now owns 5,020 shares in the company, valued at approximately $376,500. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total value of $76,250.00. Following the transaction, the chief financial officer now owns 53,267 shares of the company’s stock, valued at approximately $4,061,608.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,776 shares of company stock worth $5,267,305 in the last three months. 13.98% of the stock is owned by insiders.

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.