Corient Private Wealth LLC Has $2.91 Million Stock Holdings in Roku, Inc. $ROKU

Corient Private Wealth LLC lifted its position in Roku, Inc. (NASDAQ:ROKU) by 75.1% during the 4th quarter, Holdings Channel reports. The firm owned 26,841 shares of the company’s stock after buying an additional 11,508 shares during the quarter. Corient Private Wealth LLC’s holdings in Roku were worth $2,912,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Apollon Wealth Management LLC lifted its holdings in 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 purchasing an additional 96 shares during the last quarter. Quarry LP grew its stake in Roku by 21.7% during the fourth quarter. Quarry LP now owns 689 shares of the company’s stock worth $75,000 after buying an additional 123 shares during the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of Roku by 2.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock worth $648,000 after buying an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Roku by 3.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,664 shares of the company’s stock worth $398,000 after buying an additional 135 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Roku by 32.1% in the third quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock valued at $56,000 after acquiring an additional 135 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ROKU. Stifel Nicolaus set a $160.00 target price on Roku in a report on Monday, March 2nd. Susquehanna cut Roku from a “positive” rating to a “neutral” rating and set a $160.00 price target for the company. in a report on Tuesday, June 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $160.00 price objective (up from $150.00) on shares of Roku in a research report on Tuesday, June 16th. Zacks Research lowered Roku from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $160.00 price objective on shares of Roku in a research note on Monday, June 15th. Eleven analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $153.71.

Roku Price Performance

ROKU opened at $135.40 on Friday. The stock has a market capitalization of $19.96 billion, a P/E ratio of 101.81 and a beta of 2.06. The company’s 50 day simple moving average is $125.81 and its 200-day simple moving average is $109.10. Roku, Inc. has a one year low of $78.53 and a one year high of $148.88.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.23. The firm had revenue of $1.25 billion during 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%. Roku’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.19) EPS. As a group, analysts anticipate that Roku, Inc. will post 2.41 EPS for the current year.

Insider Activity

In other news, CEO Anthony J. Wood sold 75,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $128.79, for a total transaction of $9,659,250.00. The sale was disclosed in a document filed with the SEC, 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 firm’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total value of $21,611,205.00. Following the completion of the transaction, the insider owned 11,131 shares in the company, valued at approximately $1,168,755. This represents a 94.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 713,194 shares of company stock valued at $81,763,589 over the last 90 days. 13.45% of the stock is owned by company insiders.

Roku 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.