Maven Securities LTD Purchases Shares of 8,269 Roku Inc (NASDAQ:ROKU)

Maven Securities LTD purchased a new stake in Roku Inc (NASDAQ:ROKU) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,269 shares of the company’s stock, valued at approximately $755,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Roku by 12.1% during the 1st quarter. FMR LLC now owns 7,108,246 shares of the company’s stock worth $458,553,000 after purchasing an additional 767,418 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in Roku in the 1st quarter valued at $573,000. ARK Investment Management LLC bought a new stake in Roku in the 2nd quarter valued at $7,013,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Roku in the 2nd quarter valued at $1,071,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Roku during the 2nd quarter worth about $424,000. Institutional investors own 53.25% of the company’s stock.

In related news, SVP Stephen H. Kay sold 12,000 shares of Roku stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $109.03, for a total value of $1,308,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mustafa Ozgen sold 9,989 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $164.79, for a total transaction of $1,646,087.31. Following the transaction, the senior vice president now owns 9,989 shares in the company, valued at approximately $1,646,087.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 641,585 shares of company stock worth $69,218,423. 22.70% of the stock is owned by corporate insiders.

Several analysts have recently weighed in on ROKU shares. Needham & Company LLC set a $150.00 target price on shares of Roku and gave the company a “buy” rating in a research report on Friday, September 6th. Rosenblatt Securities raised shares of Roku from a “neutral” rating to a “buy” rating and increased their price target for the stock from $77.00 to $134.00 in a research report on Thursday, August 8th. Cannonball Research set a $105.00 price target on shares of Roku and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Vertical Group upgraded shares of Roku from a “mixed” rating to a “positive” rating in a research note on Wednesday, August 7th. Finally, DA Davidson lifted their price objective on Roku from $135.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Roku has an average rating of “Buy” and a consensus price target of $111.14.

NASDAQ:ROKU traded up $5.62 on Wednesday, reaching $149.76. The stock had a trading volume of 9,107,210 shares, compared to its average volume of 12,699,792. The company has a market capitalization of $18.72 billion, a P/E ratio of -1,872.00 and a beta of 1.78. Roku Inc has a 1-year low of $26.30 and a 1-year high of $176.55. The stock has a fifty day moving average price of $130.80 and a 200-day moving average price of $92.82.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.14. Roku had a negative net margin of 2.41% and a negative return on equity of 6.77%. The company had revenue of $250.10 million during the quarter, compared to analyst estimates of $223.36 million. The business’s revenue was up 59.5% on a year-over-year basis. As a group, equities analysts anticipate that Roku Inc will post -0.55 EPS for the current year.

About Roku

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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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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