XTX Topco Ltd Makes New Investment in Roku, Inc. (NASDAQ:ROKU)

XTX Topco Ltd bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 3,188 shares of the company's stock, valued at approximately $225,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Garde Capital Inc. purchased a new position in Roku during the 1st quarter valued at about $25,000. Golden State Wealth Management LLC raised its stake in Roku by 125.4% in the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after purchasing an additional 247 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in Roku in the 1st quarter valued at about $35,000. First PREMIER Bank acquired a new stake in shares of Roku during the 1st quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Roku during the 4th quarter worth about $41,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on ROKU shares. KeyCorp raised their price target on shares of Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Guggenheim raised their price target on Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. JMP Securities raised their price target on Roku from $95.00 to $110.00 and gave the stock a "market outperform" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. raised their price target on Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Piper Sandler raised their price target on Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $98.96.

Roku Stock Performance

Shares of NASDAQ:ROKU traded up $3.77 during trading hours on Wednesday, hitting $88.09. The stock had a trading volume of 4,413,415 shares, compared to its average volume of 4,493,883. The stock's fifty day simple moving average is $85.69 and its 200 day simple moving average is $77.29. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $104.96. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of -209.74, a PEG ratio of 11.80 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned ($0.18) earnings per share. Roku's revenue was up 14.7% compared to the same quarter last year. As a group, research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $89.64, for a total value of $2,241,000.00. Following the completion of the transaction, the chief executive officer owned 11,953 shares in the company, valued at $1,071,466.92. This represents a 67.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Matthew C. Banks sold 3,360 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $85.05, for a total transaction of $285,768.00. Following the completion of the transaction, the chief accounting officer owned 5,195 shares of the company's stock, valued at $441,834.75. This represents a 39.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 337,233 shares of company stock worth $30,423,181. 13.98% of the stock is currently owned by corporate insiders.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.