ANTIPODES PARTNERS Ltd Sells 198,669 Shares of Roku, Inc. (NASDAQ:ROKU)

ANTIPODES PARTNERS Ltd cut its holdings in Roku, Inc. (NASDAQ:ROKU) by 55.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,659 shares of the company’s stock after selling 198,669 shares during the quarter. ANTIPODES PARTNERS Ltd owned approximately 0.11% of Roku worth $9,628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROKU. Quarry LP grew its position in shares of Roku by 160.2% in the 4th quarter. Quarry LP now owns 432 shares of the company’s stock worth $40,000 after buying an additional 266 shares during the period. Benjamin Edwards Inc. lifted its stake in shares of Roku by 43.5% in the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock worth $40,000 after buying an additional 187 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Roku by 835.6% during the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after buying an additional 610 shares during the last quarter. Natixis bought a new stake in shares of Roku during the first quarter valued at approximately $53,000. Finally, Versant Capital Management Inc increased its position in shares of Roku by 706.2% during the second quarter. Versant Capital Management Inc now owns 911 shares of the company’s stock valued at $55,000 after acquiring an additional 798 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ROKU shares. Wells Fargo & Company raised shares of Roku from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $50.00 to $72.00 in a research report on Thursday. Wedbush reissued an “outperform” rating and set a $75.00 price target on shares of Roku in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price target on shares of Roku from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Roku in a research report on Thursday, June 20th. Finally, Benchmark reissued a “buy” rating and set a $105.00 price target on shares of Roku in a research report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Roku currently has a consensus rating of “Hold” and an average target price of $80.41.

Roku Price Performance

Shares of Roku stock opened at $66.70 on Friday. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84. The company’s fifty day simple moving average is $61.00 and its 200-day simple moving average is $60.60. The stock has a market capitalization of $9.65 billion, a PE ratio of -16.72 and a beta of 2.06.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The company had revenue of $968.18 million for the quarter, compared to the consensus estimate of $937.78 million. During the same period in the previous year, the firm posted ($0.76) EPS. Roku’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, research analysts anticipate that Roku, Inc. will post -1.45 EPS for the current year.

Insider Transactions at Roku

In other news, insider Gilbert Fuchsberg sold 1,693 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the sale, the insider now directly owns 38,602 shares in the company, valued at approximately $2,485,582.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Gilbert Fuchsberg sold 1,693 shares of Roku stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total transaction of $109,012.27. Following the completion of the transaction, the insider now directly owns 38,602 shares of the company’s stock, valued at approximately $2,485,582.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Stephen H. Kay sold 12,124 shares of Roku stock in a transaction dated 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 directly owns 91,905 shares of the company’s stock, valued at $5,108,998.95. The disclosure for this sale can be found here. Insiders have sold a total of 18,265 shares of company stock worth $1,067,351 in the last three months. Insiders own 13.98% of the company’s stock.

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.