Roku, Inc. (NASDAQ:ROKU) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 19.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,421 shares of the company’s stock after selling 60,350 shares during the quarter. Invesco Ltd. owned 0.18% of Roku worth $19,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROKU. MML Investors Services LLC grew its position in shares of Roku by 9.8% during the third quarter. MML Investors Services LLC now owns 10,592 shares of the company’s stock worth $791,000 after buying an additional 948 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Roku by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 82,170 shares of the company’s stock valued at $6,275,000 after purchasing an additional 10,416 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Roku during the 4th quarter worth $350,000. Oak Thistle LLC acquired a new position in shares of Roku during the fourth quarter worth $823,000. Finally, Avanza Fonder AB acquired a new stake in Roku in the fourth quarter valued at $3,499,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Stock Performance

NASDAQ:ROKU opened at $58.46 on Friday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The stock has a fifty day moving average price of $74.07 and a two-hundred day moving average price of $76.04. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of -65.69 and a beta of 2.17.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. On average, analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Insider Activity at Roku

In other news, insider Charles Collier sold 7,181 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the transaction, the insider now owns 7,380 shares in the company, valued at $577,485. This trade represents a 49.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew C. Banks sold 1,906 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the completion of the sale, the chief accounting officer now owns 7,256 shares in the company, valued at $583,092.16. This represents a 20.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,905 shares of company stock valued at $6,560,876 in the last ninety days. Corporate insiders own 13.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. FBN Securities initiated coverage on shares of Roku in a research note on Friday, March 28th. They issued an “outperform” rating and a $93.00 price target on the stock. Jefferies Financial Group upgraded shares of Roku from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $55.00 to $100.00 in a research report on Thursday, February 20th. Rosenblatt Securities restated a “neutral” rating and issued a $86.00 target price on shares of Roku in a report on Thursday, February 13th. Finally, Wells Fargo & Company upgraded shares of Roku from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.11.

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.