HBK Sorce Advisory LLC purchased a new position in Roku Inc (NASDAQ:ROKU) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,235 shares of the company’s stock, valued at approximately $309,000.
Several other institutional investors and hedge funds also recently modified their holdings of ROKU. BlackRock Inc. boosted its position in shares of Roku by 408.3% in the 2nd quarter. BlackRock Inc. now owns 3,245,130 shares of the company’s stock worth $138,307,000 after purchasing an additional 2,606,673 shares in the last quarter. FMR LLC boosted its position in shares of Roku by 81.3% in the 3rd quarter. FMR LLC now owns 5,415,683 shares of the company’s stock worth $395,508,000 after purchasing an additional 2,428,836 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Roku by 2,154.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,138,496 shares of the company’s stock worth $83,145,000 after purchasing an additional 1,087,991 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Roku by 873.6% in the 3rd quarter. Deutsche Bank AG now owns 1,030,185 shares of the company’s stock worth $75,233,000 after purchasing an additional 924,372 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Roku by 901.7% in the 3rd quarter. Wells Fargo & Company MN now owns 921,147 shares of the company’s stock worth $67,272,000 after purchasing an additional 829,193 shares in the last quarter. 46.35% of the stock is currently owned by hedge funds and other institutional investors.
ROKU has been the topic of a number of analyst reports. Needham & Company LLC boosted their price target on Roku from $60.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, October 1st. Morgan Stanley boosted their price target on Roku from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, November 5th. Wedbush raised Roku from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a research report on Thursday, November 1st. They noted that the move was a valuation call. Royal Bank of Canada raised Roku from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $48.00 to $70.00 in a research report on Friday, October 19th. Finally, BidaskClub raised Roku from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $62.28.
Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, November 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.03. The business had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $170.73 million. Roku had a negative return on equity of 4.46% and a negative net margin of 1.33%. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) EPS. On average, equities analysts predict that Roku Inc will post -0.13 EPS for the current year.
In other news, CEO Anthony J. Wood sold 421,549 shares of the stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $70.89, for a total transaction of $29,883,608.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Chas Smith sold 82,811 shares of the stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $72.64, for a total value of $6,015,391.04. The disclosure for this sale can be found here. Insiders sold a total of 836,489 shares of company stock worth $55,135,368 over the last ninety days. 0.55% of the stock is currently owned by insiders.
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Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.
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