Lincoln National Corp Has $435,000 Stake in Roku, Inc. (NASDAQ:ROKU)

Lincoln National Corp decreased its holdings in Roku, Inc. (NASDAQ:ROKUFree Report) by 4.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,162 shares of the company’s stock after selling 283 shares during the period. Lincoln National Corp’s holdings in Roku were worth $435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ieq Capital LLC lifted its holdings in Roku by 3.6% during the 3rd quarter. Ieq Capital LLC now owns 13,559 shares of the company’s stock valued at $957,000 after purchasing an additional 466 shares during the last quarter. MGO One Seven LLC acquired a new stake in shares of Roku during the third quarter worth approximately $203,000. Intrepid Financial Planning Group LLC bought a new position in shares of Roku in the third quarter valued at approximately $272,000. SteelPeak Wealth LLC boosted its holdings in shares of Roku by 70.7% in the 3rd quarter. SteelPeak Wealth LLC now owns 6,925 shares of the company’s stock worth $489,000 after acquiring an additional 2,869 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in Roku by 11.6% during the 3rd quarter. Private Advisor Group LLC now owns 14,172 shares of the company’s stock worth $1,000,000 after acquiring an additional 1,474 shares during the last quarter. Institutional investors own 69.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ROKU. Moffett Nathanson lowered Roku from a “market perform” rating to a “sell” rating and boosted their price objective for the stock from $64.00 to $66.00 in a research note on Friday, December 15th. Piper Sandler reduced their price target on shares of Roku from $90.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 11th. Truist Financial decreased their price objective on shares of Roku from $80.00 to $70.00 and set a “hold” rating on the stock in a report on Monday, October 23rd. Pivotal Research boosted their target price on shares of Roku from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Tuesday, December 19th. Finally, Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of Roku in a report on Thursday, November 2nd. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $84.74.

Get Our Latest Research Report on Roku

Roku Price Performance

Roku stock opened at $90.92 on Wednesday. The company’s 50 day simple moving average is $94.08 and its 200 day simple moving average is $82.67. Roku, Inc. has a fifty-two week low of $51.62 and a fifty-two week high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) last posted its earnings results on Wednesday, November 1st. The company reported ($2.33) earnings per share for the quarter, missing the consensus estimate of ($1.91) by ($0.42). Roku had a negative return on equity of 34.61% and a negative net margin of 25.79%. The firm had revenue of $912.02 million during the quarter, compared to analyst estimates of $856.98 million. During the same quarter last year, the business posted ($0.88) earnings per share. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. Equities research analysts predict that Roku, Inc. will post -5.01 EPS for the current fiscal year.

Insider Activity at Roku

In other Roku news, insider Mustafa Ozgen sold 33,684 shares of Roku stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $103.90, for a total transaction of $3,499,767.60. Following the transaction, the insider now directly owns 2,418 shares in the company, valued at $251,230.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $90.50, for a total value of $2,262,500.00. Following the completion of the transaction, the chief executive officer now owns 141,221 shares in the company, valued at $12,780,500.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mustafa Ozgen sold 33,684 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $103.90, for a total transaction of $3,499,767.60. Following the sale, the insider now directly owns 2,418 shares of the company’s stock, valued at approximately $251,230.20. The disclosure for this sale can be found here. Insiders sold a total of 129,682 shares of company stock worth $12,332,639 in the last quarter. Corporate insiders own 13.63% of the company’s stock.

Roku Company Profile

(Free Report)

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. 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 company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.

Further Reading

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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