Nuveen Asset Management LLC Sells 36,920 Shares of Roku, Inc. (NASDAQ:ROKU)

Nuveen Asset Management LLC lowered its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 305,733 shares of the company's stock after selling 36,920 shares during the period. Nuveen Asset Management LLC owned about 0.21% of Roku worth $22,728,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. boosted its position in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after buying an additional 270 shares during the period. Vision Financial Markets LLC purchased a new stake in shares of Roku in the 4th quarter worth about $30,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Roku in the 4th quarter worth about $37,000. Harvest Fund Management Co. Ltd lifted its position in shares of Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock worth $37,000 after purchasing an additional 491 shares during the period. Finally, Allianz SE purchased a new stake in shares of Roku in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Roku Stock Down 1.1%

Shares of NASDAQ ROKU traded down $0.76 during trading on Friday, reaching $69.01. 2,104,527 shares of the company traded hands, compared to its average volume of 3,775,712. The firm has a 50 day simple moving average of $66.06 and a 200-day simple moving average of $74.49. The stock has a market capitalization of $10.07 billion, a PE ratio of -77.54 and a beta of 2.06. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96.

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 analysts' consensus estimates of ($0.27) by $0.08. The firm 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 3.15% and a negative return on equity of 5.34%. The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.35) EPS. As a group, research analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Wall Street Analyst Weigh In

ROKU has been the subject of several research analyst reports. Pivotal Research dropped their target price on shares of Roku from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Loop Capital dropped their target price on shares of Roku from $90.00 to $80.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company dropped their target price on shares of Roku from $129.00 to $93.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $88.50 target price on shares of Roku in a research report on Monday, May 12th. Finally, Compass Point assumed coverage on shares of Roku in a research note on Sunday, March 23rd. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $87.93.

Insider Activity

In related news, CAO Matthew C. Banks sold 1,906 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total value of $153,166.16. Following the transaction, the chief accounting officer now owns 7,256 shares of the company's stock, valued at approximately $583,092.16. This trade represents a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony J. Wood sold 4,600 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,243 shares in the company, valued at approximately $468,225. The trade was a 42.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,100 shares of company stock valued at $1,164,215 in the last 90 days. 13.98% of the stock is currently owned by insiders.

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.