GTS Securities LLC Reduces Position in Roku, Inc. (NASDAQ:ROKU)

GTS Securities LLC trimmed its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 63.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,192 shares of the company's stock after selling 28,435 shares during the quarter. GTS Securities LLC's holdings in Roku were worth $1,204,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in Roku by 23.9% in the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock worth $47,000 after purchasing an additional 121 shares in the last quarter. Cerity Partners LLC grew its holdings in Roku by 0.5% in the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock valued at $1,984,000 after buying an additional 145 shares in the last quarter. Richard W. Paul & Associates LLC grew its holdings in Roku by 1.1% in the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company's stock valued at $1,189,000 after buying an additional 177 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Roku by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,859 shares of the company's stock valued at $287,000 after buying an additional 191 shares in the last quarter. Finally, PFG Investments LLC grew its holdings in Roku by 4.9% in the 4th quarter. PFG Investments LLC now owns 4,361 shares of the company's stock valued at $324,000 after buying an additional 204 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roku

In other news, insider Charles Collier sold 7,181 shares of Roku stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the transaction, the insider now owns 7,380 shares in the company, valued at approximately $577,485. This trade represents a 49.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 4,600 shares of Roku stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the transaction, the chief executive officer now owns 6,243 shares of the company's stock, valued at $468,225. The trade was a 42.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,100 shares of company stock valued at $1,164,215. 13.98% of the stock is currently owned by company insiders.

Roku Stock Performance

NASDAQ ROKU opened at $69.01 on Friday. The firm has a 50 day simple moving average of $66.06 and a 200-day simple moving average of $74.49. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of -77.54 and a beta of 2.06.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company earned ($0.35) earnings per share. The company's revenue was up 15.8% on a year-over-year basis. Equities analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on ROKU shares. UBS Group reduced their target price on shares of Roku from $90.00 to $72.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Rosenblatt Securities reduced their target price on shares of Roku from $100.00 to $75.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Wedbush reduced their target price on shares of Roku from $125.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Compass Point began coverage on Roku in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. Finally, FBN Securities began coverage on Roku in a research report on Friday, March 28th. They issued an "outperform" rating and a $93.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $87.93.

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.

Want to see what other hedge funds are holding ROKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roku, Inc. (NASDAQ:ROKU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.