Shell Asset Management Co. Has $62,000 Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Shell Asset Management Co. reduced its position in shares of Roku, Inc. (NASDAQ:ROKU) by 19.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 829 shares of the company’s stock after selling 201 shares during the period. Shell Asset Management Co.’s holdings in Roku were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ROKU. Ameritas Advisory Services LLC acquired a new position in Roku in the 4th quarter valued at approximately $311,000. Janney Montgomery Scott LLC bought a new stake in shares of Roku in the fourth quarter worth $1,353,000. Mutual Advisors LLC acquired a new stake in Roku in the fourth quarter valued at $207,000. Avior Wealth Management LLC raised its position in Roku by 11.9% during the 4th quarter. Avior Wealth Management LLC now owns 7,180 shares of the company’s stock worth $534,000 after purchasing an additional 762 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Roku by 24.9% during the 4th quarter. Fifth Third Bancorp now owns 1,119 shares of the company’s stock worth $83,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Trading Down 0.8%

ROKU opened at $70.83 on Tuesday. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The company has a market cap of $10.34 billion, a price-to-earnings ratio of -79.58 and a beta of 2.06. The company’s fifty day moving average price is $65.92 and its two-hundred day moving average price is $74.52.

Roku (NASDAQ:ROKU) last posted its earnings results 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 company 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 firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.35) EPS. As a group, equities analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Roku from $115.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group upgraded shares of Roku from an “underperform” rating to a “hold” rating and raised their price target for the stock from $55.00 to $100.00 in a report on Thursday, February 20th. Redburn Atlantic raised shares of Roku from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, April 7th. Benchmark reissued a “buy” rating and set a $130.00 target price on shares of Roku in a research note on Friday, May 2nd. Finally, Evercore ISI dropped their target price on shares of Roku from $105.00 to $80.00 and set an “in-line” rating on the stock in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.93.

Insider Activity

In other Roku news, insider Charles Collier sold 7,181 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the sale, the insider now owns 7,380 shares in the company, valued at approximately $577,485. This trade represents a 49.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the transaction, the chief accounting officer now directly owns 7,256 shares in the company, valued at approximately $583,092.16. This represents a 20.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,111 shares of company stock worth $1,165,212 over the last 90 days. 13.98% of the stock is currently owned by corporate insiders.

About Roku

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.