Keybank National Association OH Acquires Shares of 3,853 Roku, Inc. $ROKU

Keybank National Association OH bought a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,853 shares of the company’s stock, valued at approximately $365,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROKU. Apollon Wealth Management LLC lifted its position in Roku by 1.5% in the 4th quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after acquiring an additional 96 shares in the last quarter. Quarry LP increased its holdings in Roku by 21.7% during the 4th quarter. Quarry LP now owns 689 shares of the company’s stock worth $75,000 after purchasing an additional 123 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in Roku by 2.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock worth $648,000 after purchasing an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Roku by 3.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,664 shares of the company’s stock worth $398,000 after purchasing an additional 135 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Roku by 32.1% in the third quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $56,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Up 0.3%

Shares of NASDAQ ROKU opened at $140.69 on Friday. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $148.88. The stock’s 50 day moving average price is $130.91 and its 200-day moving average price is $111.41. The company has a market capitalization of $20.74 billion, a PE ratio of 105.78 and a beta of 2.01.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. KeyCorp lowered Roku from an “overweight” rating to a “sector weight” rating in a report on Monday, June 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Roku in a research report on Friday, May 15th. Wolfe Research cut Roku from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 16th. Jefferies Financial Group downgraded shares of Roku from a “buy” rating to a “hold” rating and set a $160.00 price objective on the stock. in a report on Monday, June 15th. Finally, Seaport Research Partners set a $155.00 target price on shares of Roku in a research note on Tuesday, June 16th. Eleven research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, Roku presently has a consensus rating of “Hold” and an average target price of $153.71.

Insider Activity

In other news, insider Charles Collier sold 20,538 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $142.51, for a total transaction of $2,926,870.38. Following the completion of the sale, the insider directly owned 15,200 shares of the company’s stock, valued at $2,166,152. This trade represents a 57.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Dan Jedda sold 7,000 shares of Roku stock in a transaction on Monday, June 15th. The stock was sold at an average price of $143.87, for a total value of $1,007,090.00. Following the sale, the chief financial officer owned 79,963 shares in the company, valued at $11,504,276.81. The trade was a 8.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 477,737 shares of company stock worth $58,132,511. 13.45% of the stock is owned by insiders.

Roku Company Profile

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.