Sei Investments Co. Has $33.12 Million Stock Position in Roku, Inc. $ROKU

Sei Investments Co. increased its holdings in Roku, Inc. (NASDAQ:ROKU) by 16.7% in the 1st quarter, Holdings Channel reports. The fund owned 350,045 shares of the company’s stock after purchasing an additional 50,118 shares during the period. Sei Investments Co.’s holdings in Roku were worth $33,122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ROKU. Empowered Funds LLC increased its holdings in shares of Roku by 18.6% in the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock valued at $232,000 after purchasing an additional 515 shares during the period. Focus Partners Wealth acquired a new stake in shares of Roku during the first quarter worth approximately $229,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Roku by 145.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $123,000 after purchasing an additional 826 shares during the period. First Trust Advisors LP grew its position in Roku by 231.0% during the second quarter. First Trust Advisors LP now owns 70,786 shares of the company’s stock valued at $6,221,000 after purchasing an additional 49,399 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new position in Roku during the second quarter valued at approximately $326,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Trading Up 0.7%

Shares of Roku stock opened at $142.92 on Tuesday. The firm has a fifty day simple moving average of $134.77 and a 200-day simple moving average of $113.91. The stock has a market capitalization of $21.07 billion, a price-to-earnings ratio of 107.46 and a beta of 2.01. 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, beating analysts’ consensus estimates of $0.34 by $0.23. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. Roku’s revenue was up 22.4% compared to the same quarter last year. During the same period last year, the business posted ($0.19) EPS. As a group, research analysts predict that Roku, Inc. will post 2.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ROKU. UBS Group set a $160.00 target price on shares of Roku in a research report on Monday, June 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Roku in a report on Friday, May 15th. Oppenheimer downgraded shares of Roku from an “outperform” rating to a “market perform” rating in a research note on Monday, June 15th. Evercore lowered Roku from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Morgan Stanley lifted their price objective on Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Ten research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $155.12.

Insider Activity at Roku

In other Roku news, Director Neil D. Hunt sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $140.65, for a total transaction of $281,300.00. Following the completion of the sale, the director directly owned 9,629 shares in the company, valued at $1,354,318.85. This represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mustafa Ozgen sold 10,194 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $144.00, for a total value of $1,467,936.00. Following the completion of the sale, the insider directly owned 19,185 shares in the company, valued at approximately $2,762,640. This represents a 34.70% decrease in their ownership of the stock. 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 three months, insiders sold 236,499 shares of company stock valued at $30,582,963. 13.45% of the stock is owned by corporate insiders.

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.