EULAV Asset Management Has $8.10 Million Stake in Roku, Inc. (NASDAQ:ROKU)

EULAV Asset Management cut its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 2.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,000 shares of the company's stock after selling 3,000 shares during the period. EULAV Asset Management owned 0.08% of Roku worth $8,101,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. boosted its holdings in Roku by 505.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock valued at $96,402,000 after purchasing an additional 1,082,548 shares during the period. Geode Capital Management LLC boosted its holdings in Roku by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock valued at $159,353,000 after purchasing an additional 56,820 shares during the period. Lecap Asset Management Ltd. bought a new stake in Roku in the 1st quarter valued at $511,000. Charles Schwab Investment Management Inc. boosted its holdings in Roku by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company's stock valued at $73,661,000 after purchasing an additional 34,898 shares during the period. Finally, Achmea Investment Management B.V. boosted its holdings in Roku by 146.4% in the 4th quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company's stock valued at $756,000 after purchasing an additional 6,042 shares during the period. Institutional investors and hedge funds own 86.30% of the company's stock.

Insider Buying and Selling

In other Roku news, CAO Matthew C. Banks sold 629 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $72.98, for a total value of $45,904.42. Following the completion of the transaction, the chief accounting officer directly owned 8,555 shares of the company's stock, valued at approximately $624,343.90. The trade was a 6.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the chief executive officer directly owned 6,243 shares of the company's stock, valued at approximately $468,225. This represents a 80.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,020 shares of company stock valued at $4,979,594. Insiders own 13.98% of the company's stock.

Roku Trading Down 0.2%

ROKU stock traded down $0.21 during trading on Monday, hitting $88.06. 2,958,106 shares of the stock traded hands, compared to its average volume of 3,851,430. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of -120.63 and a beta of 2.12. The company has a 50 day simple moving average of $74.59 and a 200 day simple moving average of $75.28.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results 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. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted ($0.35) EPS. The firm's quarterly revenue was up 15.8% on a year-over-year basis. As a group, analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ROKU shares. Evercore ISI reduced their price target on shares of Roku from $105.00 to $80.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Compass Point started coverage on shares of Roku in a report on Sunday, March 23rd. They issued a "buy" rating for the company. Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Roku in a report on Monday, June 16th. Piper Sandler began coverage on shares of Roku in a report on Thursday, April 17th. They issued a "neutral" rating and a $65.00 price target for the company. Finally, Benchmark reaffirmed a "buy" rating and set a $130.00 price objective on shares of Roku in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and two have given 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 $90.37.

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.