Mercer Global Advisors Inc. ADV Sells 642 Shares of Roku, Inc. (NASDAQ:ROKU)

Mercer Global Advisors Inc. ADV decreased its position in shares of Roku, Inc. (NASDAQ:ROKU) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,792 shares of the company’s stock after selling 642 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Roku were worth $1,100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ROKU. Farther Finance Advisors LLC grew its holdings in Roku by 23.9% during the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock valued at $47,000 after purchasing an additional 121 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Roku by 0.5% in the fourth quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock worth $1,984,000 after buying an additional 145 shares during the period. Richard W. Paul & Associates LLC lifted its position in shares of Roku by 1.1% during the fourth quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company’s stock worth $1,189,000 after purchasing an additional 177 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Roku by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock worth $287,000 after purchasing an additional 191 shares during the last quarter. Finally, PFG Investments LLC increased its stake in Roku by 4.9% in the 4th quarter. PFG Investments LLC now owns 4,361 shares of the company’s stock worth $324,000 after buying an additional 204 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Stock Down 0.7 %

Roku stock opened at $60.93 on Friday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96. The stock has a 50-day moving average price of $66.49 and a 200 day moving average price of $74.58. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of -68.46 and a beta of 2.06.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.08. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.35) earnings per share. Research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,333,486.34. The trade was a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles Collier sold 7,181 shares of Roku stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total transaction of $561,913.25. Following the completion of the transaction, the insider now directly owns 7,380 shares of the company’s stock, valued at $577,485. The trade was a 49.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,111 shares of company stock worth $6,575,362. Insiders own 13.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $70.00 price target for the company in a report on Tuesday, March 4th. Wells Fargo & Company cut their price target on Roku from $129.00 to $93.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Pivotal Research lowered their price objective on shares of Roku from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Rosenblatt Securities reduced their price target on shares of Roku from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $88.50 price target on shares of Roku in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.93.

Roku Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.