Beck Bode LLC Cuts Stock Position in Roku, Inc. $ROKU

Beck Bode LLC cut its position in Roku, Inc. (NASDAQ:ROKU) by 4.8% during the 4th quarter, HoldingsChannel reports. The firm owned 195,981 shares of the company’s stock after selling 9,939 shares during the quarter. Roku makes up about 3.5% of Beck Bode LLC’s investment portfolio, making the stock its 5th largest position. Beck Bode LLC’s holdings in Roku were worth $21,262,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in Roku during the 4th quarter valued at about $26,000. WPG Advisers LLC acquired a new position in Roku during the 4th quarter valued at about $31,000. Westfuller Advisors LLC acquired a new position in Roku during the 3rd quarter valued at about $30,000. Finally, Root Financial Partners LLC acquired a new position in Roku during the 3rd quarter valued at about $33,000. 86.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ROKU has been the topic of several research analyst reports. Rosenblatt Securities raised their target price on shares of Roku from $118.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Zacks Research cut shares of Roku from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Benchmark raised their target price on shares of Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Stifel Nicolaus set a $160.00 target price on shares of Roku in a research note on Monday, March 2nd. Finally, KeyCorp raised their target price on shares of Roku from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $143.42.

Roku Price Performance

Shares of ROKU opened at $125.55 on Friday. The firm’s 50 day moving average is $108.89 and its 200-day moving average is $103.56. The stock has a market capitalization of $18.51 billion, a P/E ratio of 94.40 and a beta of 2.04. Roku, Inc. has a 12-month low of $67.67 and a 12-month high of $131.39.

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

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 75,000 shares of Roku stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $128.79, for a total value of $9,659,250.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Dan Jedda sold 15,000 shares of Roku stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $94.23, for a total transaction of $1,413,450.00. Following the completion of the transaction, the chief financial officer directly owned 85,115 shares in the company, valued at $8,020,386.45. This represents a 14.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 692,038 shares of company stock worth $76,667,575. 13.45% of the stock is currently owned by company insiders.

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.