GWM Advisors LLC bought a new position in Roku Inc (NASDAQ:ROKU) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,710 shares of the company’s stock, valued at approximately $691,000.
A number of other institutional investors have also recently modified their holdings of ROKU. Wealthcare Advisory Partners LLC boosted its stake in Roku by 1,000.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 550 shares of the company’s stock valued at $35,000 after acquiring an additional 500 shares in the last quarter. Atika Capital Management LLC boosted its stake in Roku by 95.0% in the first quarter. Atika Capital Management LLC now owns 117,000 shares of the company’s stock valued at $7,547,000 after acquiring an additional 57,000 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Roku by 2.2% during the first quarter. OppenheimerFunds Inc. now owns 559,680 shares of the company’s stock worth $36,105,000 after buying an additional 12,200 shares during the period. Impala Asset Management LLC acquired a new stake in shares of Roku during the first quarter worth $12,863,000. Finally, King Luther Capital Management Corp lifted its stake in shares of Roku by 11.2% during the first quarter. King Luther Capital Management Corp now owns 142,063 shares of the company’s stock worth $9,164,000 after buying an additional 14,338 shares during the period. 50.49% of the stock is owned by institutional investors.
In related news, SVP Stephen H. Kay sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $57.92, for a total transaction of $173,760.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Stephen H. Kay sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $240,000.00. The disclosure for this sale can be found here. Insiders sold a total of 712,733 shares of company stock worth $68,805,142 over the last three months. Insiders own 22.70% of the company’s stock.
Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.15. The company had revenue of $206.70 million for the quarter, compared to analyst estimates of $189.80 million. Roku had a negative net margin of 1.47% and a negative return on equity of 4.60%. Roku’s revenue was up 51.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS. Analysts expect that Roku Inc will post -0.57 earnings per share for the current fiscal year.
Several brokerages recently issued reports on ROKU. Rosenblatt Securities reissued a “neutral” rating on shares of Roku in a report on Thursday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective (up previously from $85.00) on shares of Roku in a report on Wednesday, May 29th. Wedbush reaffirmed a “neutral” rating and issued a $55.00 price objective on shares of Roku in a report on Monday, April 29th. Morgan Stanley lifted their price objective on shares of Roku from $46.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, KeyCorp lifted their price objective on shares of Roku from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $82.87.
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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