SG Americas Securities LLC Raises Holdings in Roku, Inc. $ROKU

SG Americas Securities LLC lifted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 56.0% in the 1st quarter, Holdings Channel reports. The fund owned 149,670 shares of the company’s stock after buying an additional 53,731 shares during the quarter. SG Americas Securities LLC’s holdings in Roku were worth $14,162,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in 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 during the last quarter. Aventura Private Wealth LLC purchased a new position in shares of Roku in the fourth quarter worth about $26,000. WPG Advisers LLC purchased a new position in shares of Roku in the fourth quarter worth about $31,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Roku in the fourth quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. raised its position in shares of Roku by 55.6% in 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 during the period. 86.30% of the stock is currently owned by institutional investors.

Insider Transactions at Roku

In related news, insider Mustafa Ozgen sold 10,194 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $144.00, for a total transaction of $1,467,936.00. Following the completion of the transaction, the insider directly owned 19,185 shares in the company, valued at $2,762,640. The trade was a 34.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 205,821 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total value of $21,611,205.00. Following the completion of the transaction, the insider owned 11,131 shares in the company, valued at $1,168,755. This represents a 94.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 713,194 shares of company stock valued at $81,763,589. 13.45% of the stock is currently owned by company insiders.

Roku Trading Up 0.5%

Roku stock opened at $135.40 on Friday. The firm’s 50 day simple moving average is $125.81 and its 200 day simple moving average is $109.10. The firm has a market capitalization of $19.96 billion, a PE ratio of 101.81 and a beta of 2.06. Roku, Inc. has a 1-year low of $78.53 and a 1-year high of $148.88.

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

Analysts Set New Price Targets

ROKU has been the subject of several analyst reports. Rosenblatt Securities raised their price objective on shares of Roku from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Piper Sandler downgraded Roku from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $148.00 to $160.00 in a research report on Tuesday, June 16th. Fox Advisors set a $160.00 price target on Roku in a report on Tuesday, June 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Roku in a research report on Friday, May 15th. Finally, Citigroup reiterated an “outperform” rating on shares of Roku in a research note on Monday, June 15th. Eleven analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $153.71.

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.