SBI Securities Co. Ltd. Has $2.31 Million Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

SBI Securities Co. Ltd. grew its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 16.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,787 shares of the company's stock after purchasing an additional 4,671 shares during the period. SBI Securities Co. Ltd.'s holdings in Roku were worth $2,310,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of Roku by 23.9% in the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock valued at $47,000 after purchasing an additional 121 shares in the last quarter. United Advisor Group LLC boosted its stake in shares of Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock valued at $1,073,000 after purchasing an additional 130 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of 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 purchasing an additional 145 shares in the last quarter. Smith Group Asset Management LLC boosted its stake in shares of Roku by 2.8% in the 1st quarter. Smith Group Asset Management LLC now owns 7,390 shares of the company's stock valued at $521,000 after purchasing an additional 200 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake 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 valued at $31,000 after purchasing an additional 247 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

Insiders Place Their Bets

In other Roku news, CAO Matthew C. Banks sold 629 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $72.98, for a total transaction of $45,904.42. Following the completion of the transaction, the chief accounting officer owned 8,555 shares of the company's stock, valued at $624,343.90. This represents a 6.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles Collier sold 7,181 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $75.00, for a total value of $538,575.00. Following the transaction, the insider directly owned 10,970 shares of the company's stock, valued at approximately $822,750. This trade represents a 39.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,520 shares of company stock worth $7,357,094 in the last three months. 13.98% of the stock is owned by corporate insiders.

Roku Stock Performance

Shares of ROKU opened at $89.82 on Tuesday. The stock has a 50 day simple moving average of $76.79 and a 200 day simple moving average of $75.60. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The firm has a market capitalization of $13.11 billion, a PE ratio of -123.04 and a beta of 2.12.

Roku (NASDAQ:ROKU - Get Free Report) last issued 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. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the firm earned ($0.35) EPS. Roku's quarterly revenue was up 15.8% compared to the same quarter last year. Equities research analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on ROKU. Piper Sandler lifted their price target on Roku from $65.00 to $84.00 and gave the company a "neutral" rating in a report on Thursday, July 10th. KeyCorp raised Roku from a "sector weight" rating to an "overweight" rating and set a $115.00 price target for the company in a report on Thursday, July 10th. Evercore ISI cut their price target on Roku from $105.00 to $80.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Rosenblatt Securities cut their price target on Roku from $100.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Finally, Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Roku in a report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Roku presently has an average rating of "Moderate Buy" and a consensus price target of $92.67.

Roku 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.

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