ING Groep NV Buys Shares of 50,800 Roku, Inc. $ROKU

ING Groep NV bought a new stake in Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 50,800 shares of the company’s stock, valued at approximately $5,511,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ROKU. Blue Trust Inc. raised its stake in shares of Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares in the last quarter. Aventura Private Wealth LLC bought a new stake in shares of Roku during the fourth quarter valued at about $26,000. WPG Advisers LLC bought a new stake in shares of Roku during the fourth quarter valued at about $31,000. Rakuten Securities Inc. raised its stake in shares of Roku by 55.6% during the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after purchasing an additional 158 shares in the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of Roku during the third quarter valued at about $51,000. 86.30% of the stock is currently owned by institutional investors.

Roku Trading Up 1.1%

Shares of ROKU opened at $123.57 on Tuesday. The business’s 50-day moving average price is $116.01 and its 200 day moving average price is $105.41. The stock has a market capitalization of $18.22 billion, a P/E ratio of 92.91 and a beta of 2.06. Roku, Inc. has a 1-year low of $73.91 and a 1-year high of $133.46.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.Roku’s revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.19) EPS. On average, research analysts predict that Roku, Inc. will post 2.41 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Dan Jedda sold 15,000 shares of Roku stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $94.23, for a total value of $1,413,450.00. Following the transaction, the chief financial officer owned 85,115 shares of the company’s stock, valued at approximately $8,020,386.45. This trade represents a 14.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gilbert Fuchsberg sold 9,593 shares of Roku stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $125.52, for a total value of $1,204,113.36. Following the transaction, the insider directly owned 50,863 shares in the company, valued at approximately $6,384,323.76. This trade represents a 15.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 667,168 shares of company stock worth $75,218,573. Company insiders own 13.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Guggenheim lifted their target price on Roku from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Evercore reaffirmed an “outperform” rating and set a $150.00 target price on shares of Roku in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Roku in a report on Friday, May 15th. Wedbush lifted their target price on Roku from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, KeyCorp lifted their target price on Roku from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Roku presently has an average rating of “Moderate Buy” and a consensus target price of $145.29.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.