Motley Fool Asset Management LLC Purchases 6,622 Shares of Roku, Inc. (NASDAQ:ROKU)

Motley Fool Asset Management LLC boosted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 286.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,932 shares of the company’s stock after acquiring an additional 6,622 shares during the period. Motley Fool Asset Management LLC’s holdings in Roku were worth $582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ROKU. Avantax Advisory Services Inc. boosted its stake in shares of Roku by 0.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock valued at $1,187,000 after purchasing an additional 117 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Roku by 0.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock valued at $4,415,000 after acquiring an additional 150 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Roku by 43.5% in the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after acquiring an additional 187 shares during the period. Amalgamated Bank raised its position in shares of Roku by 1.0% in the 4th quarter. Amalgamated Bank now owns 19,820 shares of the company’s stock worth $1,817,000 after acquiring an additional 191 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its stake in shares of Roku by 4.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 4,731 shares of the company’s stock worth $434,000 after purchasing an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling

In other Roku news, insider Charles Collier sold 7,181 shares of Roku stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $57.03, for a total value of $409,532.43. Following the completion of the transaction, the insider now owns 15,654 shares of the company’s stock, valued at $892,747.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Roku news, SVP Stephen H. Kay sold 12,124 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $55.59, for a total transaction of $673,973.16. Following the transaction, the senior vice president now owns 91,905 shares in the company, valued at $5,108,998.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles Collier sold 7,181 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $57.03, for a total value of $409,532.43. Following the completion of the sale, the insider now directly owns 15,654 shares in the company, valued at $892,747.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,691 shares of company stock valued at $1,334,455. Corporate insiders own 13.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ROKU. Rosenblatt Securities reiterated a “neutral” rating and issued a $89.00 target price on shares of Roku in a report on Friday, April 26th. Piper Sandler reiterated a “neutral” rating and set a $65.00 price objective (down previously from $81.00) on shares of Roku in a research note on Friday, April 26th. Seaport Res Ptn upgraded shares of Roku from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Citigroup reduced their price target on Roku from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 30th. Finally, Benchmark reiterated a “buy” rating and set a $105.00 price objective on shares of Roku in a report on Wednesday, July 10th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $82.50.

Roku Stock Performance

Shares of Roku stock traded up $0.04 during trading on Wednesday, hitting $64.77. 4,216,243 shares of the company’s stock were exchanged, compared to its average volume of 4,846,101. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of -16.23 and a beta of 1.96. The business has a 50-day simple moving average of $58.63 and a 200-day simple moving average of $67.65. Roku, Inc. has a 52-week low of $51.51 and a 52-week high of $108.84.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.29. The business had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.38) EPS. On average, equities analysts anticipate that Roku, Inc. will post -1.94 earnings per share for the current fiscal year.

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.