LPL Financial LLC lifted its position in shares of Roku Inc (NASDAQ:ROKU) by 38.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,163 shares of the company’s stock after buying an additional 15,166 shares during the quarter. LPL Financial LLC’s holdings in Roku were worth $4,906,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in ROKU. Wealthcare Advisory Partners LLC raised its position in shares of Roku by 1,000.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 550 shares of the company’s stock valued at $35,000 after purchasing an additional 500 shares in the last quarter. Joseph P. Lucia & Associates LLC purchased a new stake in Roku during the second quarter valued at about $43,000. Flagship Harbor Advisors LLC boosted its holdings in shares of Roku by 64.5% in the second quarter. Flagship Harbor Advisors LLC now owns 477 shares of the company’s stock worth $43,000 after buying an additional 187 shares during the period. Hartford Financial Management Inc. boosted its holdings in shares of Roku by 1,000.0% in the first quarter. Hartford Financial Management Inc. now owns 1,100 shares of the company’s stock worth $71,000 after buying an additional 1,000 shares during the period. Finally, James Investment Research Inc. increased its position in shares of Roku by 68.4% in the second quarter. James Investment Research Inc. now owns 825 shares of the company’s stock worth $75,000 after acquiring an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 53.25% of the company’s stock.
In related news, CEO Anthony J. Wood sold 35,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $155.06, for a total transaction of $5,427,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray A. Rothrock sold 50,000 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $103.89, for a total transaction of $5,194,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 641,585 shares of company stock valued at $69,218,423. Corporate insiders own 22.70% of the company’s stock.
Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.14. The firm had revenue of $250.10 million during the quarter, compared to analysts’ expectations of $223.36 million. Roku had a negative return on equity of 6.77% and a negative net margin of 2.41%. The business’s revenue was up 59.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Roku Inc will post -0.55 earnings per share for the current year.
Several equities research analysts recently commented on the stock. Rosenblatt Securities upgraded shares of Roku from a “neutral” rating to a “buy” rating and upped their price target for the company from $77.00 to $134.00 in a research report on Thursday, August 8th. Oppenheimer lifted their price target on Roku from $79.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. CIBC upped their price target on Roku from $79.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $107.00 price objective (up from $90.00) on shares of Roku in a research note on Thursday, August 8th. Finally, Macquarie restated a “neutral” rating and set a $110.00 price objective (up from $66.00) on shares of Roku in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Roku presently has a consensus rating of “Buy” and an average target price of $111.14.
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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