Leonteq Securities AG Invests $804,000 in Roku, Inc. $ROKU

Leonteq Securities AG bought a new position in Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, Holdings Channel.com reports. The fund bought 7,413 shares of the company’s stock, valued at approximately $804,000.

A number of other institutional investors have also modified their holdings of the business. Apollon Wealth Management LLC grew its position in shares of Roku by 1.5% during the 4th quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after buying an additional 96 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in shares of Roku by 3.8% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 2,728 shares of the company’s stock valued at $273,000 after buying an additional 100 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in shares of Roku by 1.0% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock valued at $995,000 after buying an additional 100 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in shares of Roku by 2.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock valued at $648,000 after buying an additional 127 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Roku by 32.1% during the 3rd quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock valued at $56,000 after buying an additional 135 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ROKU. Robert W. Baird boosted their price objective on shares of Roku from $130.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Wedbush boosted their price objective on shares of Roku from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Pivotal Research reaffirmed a “buy” rating and set a $160.00 price objective (up from $140.00) on shares of Roku in a research report on Friday, May 1st. Susquehanna boosted their price objective on shares of Roku from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Friday, May 1st. Finally, Rosenblatt Securities boosted their price objective on shares of Roku from $118.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.42.

Insider Activity

In other Roku news, CEO Anthony J. Wood sold 75,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $128.79, for a total value of $9,659,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 205,821 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total transaction of $21,611,205.00. Following the completion of the transaction, the insider owned 11,131 shares of the company’s stock, valued at approximately $1,168,755. This trade represents a 94.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 692,038 shares of company stock worth $76,667,575 in the last quarter. Company insiders own 13.45% of the company’s stock.

Roku Trading Up 0.4%

NASDAQ ROKU opened at $125.55 on Friday. Roku, Inc. has a 52 week low of $67.67 and a 52 week high of $131.39. The stock has a market cap of $18.51 billion, a price-to-earnings ratio of 94.40 and a beta of 2.04. The company has a 50-day moving average price of $108.89 and a two-hundred day moving average price of $103.56.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned ($0.19) EPS. Roku’s quarterly revenue was up 22.4% on a year-over-year basis. As a group, equities research analysts expect that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.