Roku, Inc. (NASDAQ:ROKU) Stock Position Reduced by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 15.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,749,063 shares of the company's stock after selling 846,680 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 3.25% of Roku worth $334,524,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ROKU. Garde Capital Inc. bought a new stake in shares of Roku in the 1st quarter worth approximately $25,000. Vision Financial Markets LLC bought a new stake in shares of Roku in the 4th quarter worth approximately $30,000. Golden State Wealth Management LLC lifted its holdings in shares of Roku by 125.4% in the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after purchasing an additional 247 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Roku in the 1st quarter worth approximately $35,000. Finally, First PREMIER Bank bought a new stake in shares of Roku in the 1st quarter worth approximately $35,000. Institutional investors own 86.30% of the company's stock.

Insider Buying and Selling

In other Roku news, Director Mai Fyfield sold 914 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $78.50, for a total value of $71,749.00. Following the transaction, the director now owns 4,374 shares in the company, valued at $343,359. The trade was a 17.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew C. Banks sold 629 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $72.98, for a total value of $45,904.42. Following the sale, the chief accounting officer now owns 8,555 shares of the company's stock, valued at approximately $624,343.90. This trade represents a 6.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,227 shares of company stock worth $4,994,244 in the last three months. 13.98% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ROKU shares. JMP Securities reissued a "market outperform" rating and issued a $95.00 price target on shares of Roku in a report on Tuesday, June 17th. Benchmark reissued a "buy" rating and issued a $130.00 price target on shares of Roku in a report on Friday, May 2nd. Compass Point started coverage on Roku in a research report on Sunday, March 23rd. They issued a "buy" rating on the stock. FBN Securities initiated coverage on Roku in a research report on Friday, March 28th. They set an "outperform" rating and a $93.00 price target for the company. Finally, Moffett Nathanson raised Roku from a "sell" rating to a "neutral" rating and set a $70.00 price target on the stock in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.93.

Roku Stock Up 0.5%

Shares of NASDAQ ROKU opened at $86.94 on Friday. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of -119.09 and a beta of 2.09. The stock's fifty day simple moving average is $72.09 and its 200 day simple moving average is $75.17. 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 issued its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The company's quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.35) EPS. As a group, analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

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.

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