Pacifica Partners Inc. Decreases Stock Position in Roku, Inc. (NASDAQ:ROKU)


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Pacifica Partners Inc. cut its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 50.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 100 shares of the company’s stock after selling 100 shares during the period. Pacifica Partners Inc.’s holdings in Roku were worth $33,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROKU. First Trust Advisors LP raised its stake in Roku by 19.8% during the 1st quarter. First Trust Advisors LP now owns 92,199 shares of the company’s stock valued at $5,948,000 after buying an additional 15,212 shares during the last quarter. Guggenheim Capital LLC purchased a new stake in Roku during the 3rd quarter valued at $369,000. Truist Financial Corp raised its stake in Roku by 109.4% during the 3rd quarter. Truist Financial Corp now owns 7,219 shares of the company’s stock valued at $1,363,000 after buying an additional 3,771 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in Roku during the 3rd quarter valued at $561,000. Finally, Cubist Systematic Strategies LLC raised its stake in Roku by 20.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 32,761 shares of the company’s stock valued at $6,185,000 after buying an additional 5,643 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Roku stock opened at $373.66 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.29 and a quick ratio of 3.16. Roku, Inc. has a 1-year low of $91.07 and a 1-year high of $486.72. The firm has a market capitalization of $47.99 billion, a P/E ratio of -444.83 and a beta of 1.95. The company’s 50-day moving average is $363.84 and its 200 day moving average is $321.90.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 18th. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.54. The business had revenue of $649.89 million for the quarter, compared to analyst estimates of $625.85 million. Roku had a negative net margin of 6.53% and a negative return on equity of 11.15%. Research analysts anticipate that Roku, Inc. will post -0.78 earnings per share for the current fiscal year.

In other news, Director Mai Fyfield sold 306 shares of the stock in a transaction that occurred on Wednesday, March 24th. The shares were sold at an average price of $344.01, for a total transaction of $105,267.06. Following the transaction, the director now directly owns 306 shares in the company, valued at $105,267.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 45,000 shares of the stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $333.64, for a total transaction of $15,013,800.00. Following the transaction, the chief executive officer now owns 45,000 shares in the company, valued at $15,013,800. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 495,515 shares of company stock worth $211,613,877. Corporate insiders own 22.70% of the company’s stock.

ROKU has been the subject of a number of research reports. Evercore ISI assumed coverage on shares of Roku in a research note on Monday, April 5th. They set an “outperform” rating and a $400.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $550.00 price objective on shares of Roku in a research report on Monday, March 22nd. Smith Barney Citigroup boosted their price objective on shares of Roku from $375.00 to $460.00 in a research report on Monday, January 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Roku from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 19th. They noted that the move was a valuation call. Finally, Truist Securities raised shares of Roku from a “hold” rating to a “buy” rating and cut their price objective for the company from $480.00 to $367.00 in a research report on Tuesday, March 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have given a buy rating to the company. Roku has a consensus rating of “Buy” and a consensus price target of $385.38.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. The company operates in two segment, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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