SVB Wealth LLC Sells 1,114 Shares of Roku, Inc. (NASDAQ:ROKU)

SVB Wealth LLC lessened its position in Roku, Inc. (NASDAQ:ROKU) by 11.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,897 shares of the company’s stock after selling 1,114 shares during the period. SVB Wealth LLC’s holdings in Roku were worth $580,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Roku by 0.8% during the first quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company’s stock worth $778,560,000 after purchasing an additional 92,658 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Roku by 24.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company’s stock worth $478,939,000 after purchasing an additional 1,457,925 shares in the last quarter. Nikko Asset Management Americas Inc. raised its holdings in Roku by 25.8% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock worth $462,108,000 after buying an additional 1,455,408 shares during the period. Norges Bank bought a new position in Roku in the fourth quarter valued at approximately $90,386,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Roku by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 865,129 shares of the company’s stock valued at $79,298,000 after buying an additional 28,930 shares during the period. Institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other news, SVP Stephen H. Kay sold 12,124 shares of Roku 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 completion of the transaction, the senior vice president now directly owns 91,905 shares in the company, valued at approximately $5,108,998.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Charles Collier sold 7,181 shares of Roku stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $57.03, for a total transaction of $409,532.43. Following the completion of the sale, the insider now owns 15,654 shares of the company’s stock, valued at approximately $892,747.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stephen H. Kay sold 12,124 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $55.59, for a total transaction of $673,973.16. Following the completion of the transaction, the senior vice president now directly owns 91,905 shares in the company, valued at $5,108,998.95. The disclosure for this sale can be found here. Insiders have sold 27,281 shares of company stock worth $1,567,805 over the last 90 days. Company insiders own 13.98% of the company’s stock.

Analyst Ratings Changes

ROKU has been the topic of a number of research analyst reports. Citigroup dropped their price objective on shares of Roku from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. Wedbush restated an “outperform” rating and issued a $75.00 price target on shares of Roku in a report on Thursday. Seaport Res Ptn raised Roku from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Rosenblatt Securities reissued a “neutral” rating and issued a $89.00 target price on shares of Roku in a research report on Friday, April 26th. Finally, Susquehanna reduced their price target on Roku from $110.00 to $80.00 and set a “positive” rating for the company in a research report on Monday, April 29th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $82.89.

Roku Trading Down 0.2 %

Shares of ROKU traded down $0.14 during midday trading on Monday, reaching $58.90. The stock had a trading volume of 2,440,603 shares, compared to its average volume of 4,769,868. The firm has a market cap of $8.49 billion, a PE ratio of -14.64 and a beta of 1.96. The firm has a 50 day simple moving average of $58.55 and a 200-day simple moving average of $66.03. Roku, Inc. has a one year low of $51.51 and a one year high of $108.84.

Roku (NASDAQ:ROKU) last issued its earnings results 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 the consensus estimate of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. Roku’s revenue was up 19.0% on a year-over-year basis. During the same period last year, the business posted ($1.38) EPS. As a group, research analysts forecast that Roku, Inc. will post -1.94 EPS for the current fiscal year.

About Roku

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.