WINTON GROUP Ltd Purchases Shares of 40,000 Roku, Inc. $ROKU

WINTON GROUP Ltd purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 40,000 shares of the company’s stock, valued at approximately $3,516,000.

Several other institutional investors have also recently added to or reduced their stakes in ROKU. Banque Transatlantique SA purchased a new position in Roku in the first quarter valued at approximately $28,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Roku in the 1st quarter valued at $30,000. JFS Wealth Advisors LLC grew its position in shares of Roku by 327.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock valued at $40,000 after buying an additional 350 shares during the last quarter. Bogart Wealth LLC grew its position in shares of Roku by 234.1% in the 2nd quarter. Bogart Wealth LLC now owns 461 shares of the company’s stock valued at $41,000 after buying an additional 323 shares during the last quarter. Finally, Westpac Banking Corp acquired a new stake in Roku during the 1st quarter worth $45,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Activity

In related news, CAO Matthew C. Banks sold 731 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $95.64, for a total value of $69,912.84. Following the sale, the chief accounting officer owned 6,554 shares in the company, valued at $626,824.56. This represents a 10.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $103.86, for a total value of $5,193,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 415,668 shares of company stock valued at $43,965,186 in the last quarter. Insiders own 13.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Roku in a research note on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Roku in a report on Wednesday, October 1st. JMP Securities reissued a “market outperform” rating and issued a $145.00 target price on shares of Roku in a research report on Thursday, October 2nd. Guggenheim lifted their target price on shares of Roku from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday. Finally, Zacks Research upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.14.

Roku Price Performance

Shares of ROKU stock opened at $101.70 on Tuesday. The business’s fifty day moving average price is $98.91 and its 200 day moving average price is $91.84. The firm has a market capitalization of $15.03 billion, a PE ratio of -508.47 and a beta of 1.98. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $116.66.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the firm earned ($0.06) EPS. The business’s revenue was up 14.0% on a year-over-year basis. Equities research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

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.