Roku, Inc. $ROKU Stock: Machina Capital S.A.S. Increases Holdings

Machina Capital S.A.S. raised its stake in Roku, Inc. (NASDAQ:ROKU) by 1,142.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,174 shares of the company’s stock after purchasing an additional 30,504 shares during the quarter. Roku comprises about 0.7% of Machina Capital S.A.S.’s investment portfolio, making the stock its 25th biggest position. Machina Capital S.A.S.’s holdings in Roku were worth $5,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Lido Advisors LLC grew its stake in shares of Roku by 3.3% in the third quarter. Lido Advisors LLC now owns 53,566 shares of the company’s stock valued at $8,157,000 after buying an additional 1,697 shares in the last quarter. New York Life Investment Management LLC raised its holdings in shares of Roku by 289.7% during the 3rd quarter. New York Life Investment Management LLC now owns 62,409 shares of the company’s stock valued at $9,504,000 after buying an additional 46,395 shares during the period. AlphaCore Capital LLC lifted its position in Roku by 38.4% during the 3rd quarter. AlphaCore Capital LLC now owns 2,114 shares of the company’s stock worth $322,000 after acquiring an additional 586 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Roku by 18.5% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,579 shares of the company’s stock worth $393,000 after acquiring an additional 402 shares in the last quarter. Finally, Heritage Family Offices LLP acquired a new position in Roku during the 3rd quarter worth approximately $93,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Roku

In other Roku news, Director Neil Hunt sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $156.17, for a total value of $312,340.00. Following the transaction, the director directly owned 9,629 shares of the company’s stock, valued at $1,503,760.93. This represents a 17.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gilbert Fuchsberg sold 4,824 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $155.64, for a total value of $750,807.36. Following the transaction, the insider owned 40,168 shares of the company’s stock, valued at approximately $6,251,747.52. This trade represents a 10.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 88,028 shares of company stock worth $13,645,922 over the last ninety days. Company insiders own 13.45% of the company’s stock.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $159.65 on Thursday. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $163.57. The stock’s 50-day simple moving average is $155.51 and its 200-day simple moving average is $129.72. The firm has a market cap of $23.69 billion, a price-to-earnings ratio of 47.23 and a beta of 2.12.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Monday, November 2nd. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.65. Roku had a return on equity of 18.65% and a net margin of 9.34%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the business posted $0.16 earnings per share. Roku’s revenue for the quarter was up 24.1% on a year-over-year basis. As a group, research analysts predict that Roku, Inc. will post 3.17 EPS for the current year.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of analyst reports. Seaport Research Partners cut Roku from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. BMO Capital Markets upgraded shares of Roku from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 3rd. Rosenblatt Securities cut shares of Roku from a “buy” rating to a “hold” rating and set a $160.00 target price on the stock. in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. assumed coverage on shares of Roku in a research report on Monday, August 24th. They set a “neutral” rating and a $160.00 target price on the stock. Finally, Citigroup upped their target price on shares of Roku from $120.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat, Roku currently has an average rating of “Hold” and an average price target of $156.22.

Roku News Summary

Here’s some of the latest news about ROKU:

• Positive Sentiment: Fox has completed its acquisition of Roku, positioning the combined company to connect Fox’s media business with Roku’s streaming platform. The DOJ cleared the deal, saying it was not likely to harm competition, including in free ad-supported streaming. Fox’s $22 Billion Roku Acquisition Reshapes Its Streaming Business Fox’s ‘Neutral’ Roku Stance Steps To A New Dance
• Positive Sentiment: The Roku Channel is adding five free live-TV channels. A broader lineup could help attract viewers and support advertising on Roku’s streaming service. The Roku Channel just added 5 more free live TV channels
• Neutral Sentiment: Fox is reportedly selling investment-grade bonds to raise funds to repay the bridge loan used for the takeover. This is a financing development; the articles do not detail its impact on Roku’s operations. Fox Launches Bond Sale to Repay Bridge Loan for Roku Takeover

Roku Company Profile

Roku, Inc. provides a streaming platform that connects viewers with television and other digital video content. Its products include streaming players and Roku-branded televisions, as well as the Roku operating system, which the company licenses to television manufacturers. Roku also operates a platform business that supports streaming services and advertisers. Its offerings include the Roku Channel, an ad-supported streaming service, and tools for distributing content and delivering advertising to viewers.