LPL Financial LLC Grows Stock Position in Roku, Inc. (NASDAQ:ROKU)

LPL Financial LLC raised its holdings in Roku, Inc. (NASDAQ:ROKU) by 10.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 130,437 shares of the company’s stock after acquiring an additional 12,298 shares during the period. LPL Financial LLC’s holdings in Roku were worth $9,697,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. boosted its position in shares of Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 270 shares during the last quarter. Vision Financial Markets LLC acquired a new position in Roku during the fourth quarter worth approximately $30,000. Raelipskie Partnership purchased a new position in Roku during the third quarter worth approximately $32,000. Game Plan Financial Advisors LLC acquired a new position in shares of Roku in the 4th quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after buying an additional 491 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

ROKU has been the topic of several research reports. JMP Securities increased their target price on Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Loop Capital raised their price objective on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 price target on the stock in a report on Tuesday, March 4th. Finally, Benchmark boosted their price objective on shares of Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Roku has an average rating of “Moderate Buy” and an average price target of $96.55.

Roku Stock Down 8.3 %

Shares of NASDAQ:ROKU opened at $55.28 on Friday. The company has a market cap of $8.07 billion, a PE ratio of -62.11 and a beta of 2.17. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The firm has a 50-day simple moving average of $79.65 and a 200 day simple moving average of $77.37.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. As a group, research analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,333,486.34. This represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total value of $77,180.00. Following the completion of the transaction, the chief financial officer now directly owns 63,555 shares in the company, valued at $4,905,174.90. This represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,905 shares of company stock worth $8,632,306 over the last ninety days. 13.98% of the stock is currently owned by corporate insiders.

Roku Company 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.