Audent Global Asset Management LLC Has $488,000 Stake in Roku, Inc. (NASDAQ:ROKU)

Audent Global Asset Management LLC decreased its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 66.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,543 shares of the company’s stock after selling 13,110 shares during the quarter. Roku comprises approximately 0.8% of Audent Global Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Audent Global Asset Management LLC’s holdings in Roku were worth $488,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ROKU. Westfield Capital Management Co. LP grew its position in shares of Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock worth $114,646,000 after buying an additional 856,401 shares during the period. JAT Capital Mgmt LP boosted its stake in Roku by 470.2% during the 3rd quarter. JAT Capital Mgmt LP now owns 540,577 shares of the company’s stock worth $40,359,000 after acquiring an additional 445,777 shares during the last quarter. FMR LLC boosted its stake in Roku by 1.7% during the 3rd quarter. FMR LLC now owns 14,570,372 shares of the company’s stock worth $1,087,824,000 after acquiring an additional 244,793 shares during the last quarter. AQR Capital Management LLC boosted its stake in Roku by 645.3% during the 2nd quarter. AQR Capital Management LLC now owns 221,557 shares of the company’s stock worth $13,278,000 after acquiring an additional 191,831 shares during the last quarter. Finally, ARK Investment Management LLC boosted its stake in Roku by 1.3% during the 2nd quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company’s stock worth $762,096,000 after acquiring an additional 159,785 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Buying and Selling

In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the transaction, the insider now directly owns 38,602 shares in the company, valued at $2,485,582.78. The trade was a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles Collier sold 15,454 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,159,050.00. Following the completion of the transaction, the insider now owns 200 shares in the company, valued at approximately $15,000. This represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,240 shares of company stock worth $6,729,582. Insiders own 13.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ROKU. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $70.00 to $90.00 in a research note on Monday, November 18th. Guggenheim raised shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, August 23rd. Loop Capital lifted their price objective on shares of Roku from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Roku in a research note on Thursday, October 31st. Finally, Morgan Stanley lifted their price target on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.62.

Roku Trading Up 1.9 %

Shares of ROKU opened at $69.03 on Monday. The company has a market cap of $10.02 billion, a price-to-earnings ratio of -57.52 and a beta of 2.07. 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 $73.63 and its 200 day simple moving average is $65.38.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the company earned ($2.33) earnings per share. As a group, research analysts forecast that Roku, Inc. will post -1.1 earnings per share for the current 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.