3,319 Shares in Roku, Inc. (NASDAQ:ROKU) Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Roku, Inc. (NASDAQ:ROKU - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,319 shares of the company's stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Garde Capital Inc. purchased a new position in Roku in the first quarter worth $25,000. Golden State Wealth Management LLC increased its stake in Roku by 125.4% during 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 in the last quarter. Princeton Global Asset Management LLC acquired a new position in Roku during the 1st quarter valued at approximately $35,000. First PREMIER Bank acquired a new position in Roku during the 1st quarter valued at approximately $35,000. Finally, Harvest Fund Management Co. Ltd increased its stake in Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after purchasing an additional 491 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Evercore ISI cut their price target on shares of Roku from $105.00 to $80.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Compass Point assumed coverage on shares of Roku in a report on Sunday, March 23rd. They issued a "buy" rating on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $95.00 price objective on shares of Roku in a report on Tuesday, June 17th. Piper Sandler upped their price objective on shares of Roku from $65.00 to $84.00 and gave the company a "neutral" rating in a report on Thursday, July 10th. Finally, Redburn Atlantic raised shares of Roku from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.29.

Roku Trading Up 2.4%

ROKU traded up $2.22 during midday trading on Friday, hitting $93.32. 2,714,295 shares of the company traded hands, compared to its average volume of 3,812,844. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of -127.83 and a beta of 2.12. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The business has a 50 day simple moving average of $79.17 and a two-hundred day simple moving average of $76.00.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.08. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The company's revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.35) earnings per share. Equities research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mai Fyfield sold 914 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $78.50, for a total value of $71,749.00. Following the completion of the sale, the director directly owned 4,374 shares in the company, valued at $343,359. This represents a 17.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charles Collier sold 3,590 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $85.00, for a total transaction of $305,150.00. Following the completion of the sale, the insider owned 7,380 shares of the company's stock, valued at $627,300. This trade represents a 32.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,520 shares of company stock valued at $7,898,294. Corporate insiders own 13.98% of the company's stock.

About Roku

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.