Griffin Asset Management Inc. Invests $215,000 in Roku Inc (NASDAQ:ROKU)

Griffin Asset Management Inc. purchased a new position in shares of Roku Inc (NASDAQ:ROKU) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,376 shares of the company’s stock, valued at approximately $215,000.

Several other large investors have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in Roku by 16.0% in the 4th quarter. Geode Capital Management LLC now owns 544,746 shares of the company’s stock worth $16,691,000 after buying an additional 75,051 shares in the last quarter. Comerica Bank raised its stake in shares of Roku by 8.1% in the 1st quarter. Comerica Bank now owns 16,007 shares of the company’s stock valued at $938,000 after purchasing an additional 1,193 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Roku by 3.2% in the 1st quarter. New York State Common Retirement Fund now owns 125,476 shares of the company’s stock valued at $8,094,000 after purchasing an additional 3,890 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Roku by 19.8% in the 1st quarter. First Trust Advisors LP now owns 92,199 shares of the company’s stock valued at $5,948,000 after purchasing an additional 15,212 shares in the last quarter. Finally, Royce & Associates LP acquired a new stake in shares of Roku in the 1st quarter valued at about $2,064,000. Institutional investors own 52.54% of the company’s stock.

ROKU has been the topic of a number of recent analyst reports. CIBC upped their target price on shares of Roku from $79.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Loop Capital upped their target price on shares of Roku to $80.00 and gave the company a “sell” rating in a research note on Thursday, August 8th. BidaskClub upgraded shares of Roku from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Oppenheimer upped their target price on shares of Roku from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Finally, DA Davidson upped their target price on shares of Roku from $135.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Roku presently has a consensus rating of “Hold” and an average target price of $112.98.

In other Roku news, Director Mai Fyfield sold 306 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $140.08, for a total value of $42,864.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 35,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $103.24, for a total transaction of $3,613,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,419 shares of company stock valued at $19,559,526. Insiders own 22.70% of the company’s stock.

Shares of NASDAQ:ROKU traded up $1.61 during trading on Tuesday, reaching $103.38. 4,025,561 shares of the company’s stock traded hands, compared to its average volume of 22,603,302. Roku Inc has a 12 month low of $26.30 and a 12 month high of $176.55. The company has a 50 day moving average of $135.80 and a 200-day moving average of $97.78. The stock has a market capitalization of $11.59 billion, a P/E ratio of -1,292.19 and a beta of 1.76.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $250.10 million during the quarter, compared to the consensus estimate of $223.36 million. The company’s quarterly revenue was up 59.5% on a year-over-year basis. On average, research analysts anticipate that Roku Inc will post -0.5 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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