XTX Topco Ltd Invests $225,000 in Roku, Inc. (NASDAQ:ROKU)

XTX Topco Ltd bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,188 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ROKU. United Advisor Group LLC increased its stake in shares of Roku by 0.9% during the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Roku by 0.5% during the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock worth $1,984,000 after acquiring an additional 145 shares during the period. Smith Group Asset Management LLC lifted its holdings in shares of Roku by 2.8% during the 1st quarter. Smith Group Asset Management LLC now owns 7,390 shares of the company’s stock worth $521,000 after acquiring an additional 200 shares during the period. Golden State Wealth Management LLC lifted its holdings in Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock valued at $31,000 after purchasing an additional 247 shares during the last quarter. Finally, Itau Unibanco Holding S.A. lifted its holdings in Roku by 95.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 569 shares of the company’s stock valued at $42,000 after purchasing an additional 278 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Roku

In other Roku news, CAO Matthew C. Banks sold 3,360 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $85.05, for a total transaction of $285,768.00. Following the completion of the transaction, the chief accounting officer owned 5,195 shares in the company, valued at approximately $441,834.75. This trade represents a 39.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dan Jedda sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $90.20, for a total transaction of $270,600.00. Following the transaction, the chief financial officer owned 76,132 shares of the company’s stock, valued at approximately $6,867,106.40. The trade was a 3.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 337,233 shares of company stock worth $30,423,181 in the last 90 days. Corporate insiders own 13.98% of the company’s stock.

Roku Stock Up 2.8%

Shares of Roku stock opened at $84.32 on Wednesday. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of -200.76, a PEG ratio of 11.48 and a beta of 2.05. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $104.96. The firm’s 50-day moving average price is $85.41 and its two-hundred day moving average price is $77.22.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.23. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.18) earnings per share. On average, sell-side analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ROKU. Needham & Company LLC boosted their target price on shares of Roku from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. JMP Securities upped their price target on shares of Roku from $95.00 to $110.00 and gave the company a “market outperform” rating in a report on Monday, July 21st. Wells Fargo & Company boosted their price objective on shares of Roku from $100.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Guggenheim upped their price target on shares of Roku from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, KeyCorp upped their price objective on shares of Roku from $115.00 to $116.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.96.

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.