Gateway Investment Advisers LLC has increased its stake in Roku, Inc. (NASDAQ: ROKU – Get Rating) with 127.6% in the first quarter, reports Holdings Channel.com. The company owned 19,558 shares of the company’s shares after acquiring an additional 10,963 shares during the quarter. Roku’s Gateway Investment Advisers LLC held $ 2,450,000 at the end of the last quarter.
Other institutional investors have also recently added or reduced their stakes in the company. Bellwether Advisors LLC increased its stake in Roku by 576.2% in the fourth quarter. Bellwether Advisors LLC now owns 142 shares of the company for $ 32,000 after purchasing an additional 121 shares during the period. Credit Agricole SA increased its stake in Roku by 60.0% in the fourth quarter. Credit Agricole SA already owns 168 shares of the company’s shares worth $ 38,000 after purchasing an additional 63 shares during the period. Pinnacle Bancorp Inc. acquired a new position in Roku in the fourth quarter worth approximately $ 39,000. Paragon Capital Management Ltd acquired a new position in Roku in the fourth quarter worth approximately $ 40,000. Finally, Horan Securities Inc. acquired a new position in Roku in the fourth quarter worth approximately $ 48,000. Hedge funds and other institutional investors own 68.77% of the company’s shares.
A number of brokerage firms have affected ROKU. Moffett Nathanson raised Roku’s shares from a “sell” rating to a “neutral” rating and set a price of $ 100.00 for the shares in a research report on Friday, April 29. Morgan Stanley reduced its target price for Roku shares from $ 115.00 to $ 105.00 in a research report on Friday, April 29. Pivotal Research raised Roku’s shares from a “sell” rating to a “hold” rating and set a price of $ 80.00 for the shares in a research report Friday, May 27th. Truist Financial reduced its target price for Roku shares from $ 165.00 to $ 150.00 in a research report on Wednesday, April 13. Finally, Wolfe Research began covering Roku’s shares in a research report on Thursday, June 2nd. They set a “market performance” rating and a target price of $ 101.00 per share. Three research analysts rated the shares with a rating for sale, four gave a rating for retention and eighteen gave a rating for the purchase of the company’s shares. According to MarketBeat.com, the company has an average “Moderate Buying” rating and a consensus target price of $ 206.56.
ROKU opened at $ 98.77 on Friday. The shares have a market capitalization of $ 13.43 billion, a PE ratio of 100.79 and a beta of 1.95. The firm’s 50-day moving average is $ 92.74, and its 200-day moving average is $ 135.92. Roku, Inc. has a 12-month low of $ 72.63 and a 12-month high of $ 490.76.
Roku (NASDAQ: ROKU – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported ($ 0.19) earnings per share (EPS) for the quarter, lacking a consensus estimate of ($ 0.17) with ($ 0.02). Roku had a net margin of 4.78% and a return on equity of 5.17%. The company had revenue of $ 733.70 million in the quarter, compared to analysts’ estimates of $ 718.56 million. During the same period last year, the company earned $ 0.54 earnings per share. The company’s revenue increased by 27.8% on an annual basis. On average, sales analysts predict that Roku, Inc. will report -1.88 earnings per share for the current year.
In other news for Roku, SVP Stephen H. Kay sold 668 shares of the business stock in a deal on Thursday, June 2nd. The shares were sold at an average price of $ 93.41, for a total transaction of $ 62,397.88. Following the completion of the sale, the senior vice president now owns 78,549 shares of the company worth $ 7,337,262.09. The transaction was disclosed in legal documents in the SEC, which can be accessed through the SEC website. Also, SVP Mustafa Ozgen sold 4,973 shares of the business shares in a deal on Wednesday, June 8th. The shares were sold at an average price of $ 100.00 for a total transaction of $ 497,300.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,598 shares of the company worth $ 742,501. 15.32% of the shares are owned by insiders.
From the year of the company profile (Get a rating)
Roku, Inc., together with its subsidiaries, operates a television streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access a variety of movies and TV episodes, as well as live TV, news, sports, shows and more. As of December 31, 2021, the company has 60.1 million active accounts.
Want to see what other hedge funds hold ROKU? Visit HoldingsChannel.com to get the latest 13F inquiries and domestic deals for Roku, Inc. (NASDAQ: ROKU – Get rating).
Receive news and reviews for Roku Daily – Enter your email address below to receive a brief daily summary of the latest news and analyst ratings for Roku and related companies with MarketBeat.com’s FREE daily email newsletter.