Roku, Inc. (NASDAQ:ROKU) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its position in Roku, Inc. (NASDAQ:ROKU) by 5,386.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,516 shares of the company’s stock after purchasing an additional 7,379 shares during the period. Exchange Traded Concepts LLC’s holdings in Roku were worth $2,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ROKU. Laurel Wealth Advisors LLC bought a new position in Roku in the fourth quarter worth about $25,000. Hanseatic Management Services Inc. acquired a new position in shares of Roku during the fourth quarter valued at approximately $26,000. Winch Advisory Services LLC increased its stake in shares of Roku by 35.5% during the fourth quarter. Winch Advisory Services LLC now owns 84 shares of the company’s stock valued at $28,000 after acquiring an additional 22 shares during the period. Evolution Wealth Advisors LLC acquired a new position in shares of Roku during the fourth quarter valued at approximately $30,000. Finally, Sonora Investment Management LLC acquired a new position in shares of Roku during the fourth quarter valued at approximately $33,000. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:ROKU opened at $350.06 on Friday. The company’s 50-day moving average is $350.74 and its 200 day moving average is $333.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 3.29. The company has a market capitalization of $44.96 billion, a P/E ratio of -416.74 and a beta of 1.95. Roku, Inc. has a fifty-two week low of $100.19 and a fifty-two week high of $486.72.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, February 18th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.54. The company had revenue of $649.89 million for the quarter, compared to the consensus estimate of $625.85 million. Roku had a negative net margin of 6.53% and a negative return on equity of 11.15%. As a group, research analysts predict that Roku, Inc. will post -0.78 earnings per share for the current year.

In related news, CEO Anthony J. Wood sold 45,000 shares of the company’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $333.64, for a total value of $15,013,800.00. Following the transaction, the chief executive officer now directly owns 45,000 shares in the company, valued at $15,013,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 300,000 shares of the stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $438.18, for a total transaction of $131,454,000.00. Following the transaction, the chief executive officer now owns 300,000 shares in the company, valued at $131,454,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 520,515 shares of company stock worth $221,253,877. Insiders own 22.70% of the company’s stock.

Several research firms have issued reports on ROKU. Macquarie lifted their price target on shares of Roku from $275.00 to $460.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 12th. They noted that the move was a valuation call. Wells Fargo & Company lifted their price objective on shares of Roku from $414.00 to $519.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Oppenheimer boosted their target price on shares of Roku from $260.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 19th. Pivotal Research boosted their price objective on shares of Roku from $240.00 to $400.00 and gave the stock a “hold” rating in a report on Friday, February 19th. Finally, Bank of America boosted their price objective on shares of Roku from $380.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, January 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $402.93.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. The company operates in two segment, 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.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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