Roku, Inc. (NASDAQ:ROKU) Stock Holdings Boosted by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 65.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,388 shares of the company's stock after buying an additional 4,879 shares during the period. Summit Trail Advisors LLC's holdings in Roku were worth $873,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ROKU. Jacobs Levy Equity Management Inc. grew its stake in shares of Roku by 505.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock valued at $96,402,000 after buying an additional 1,082,548 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Roku by 2.7% during the fourth 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. acquired a new position in shares of Roku during the first quarter worth $511,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Roku by 3.7% in the fourth 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. grew its holdings in Roku by 146.4% during 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 in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roku

In related news, CFO Dan Jedda sold 1,500 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $81.32, for a total value of $121,980.00. Following the completion of the sale, the chief financial officer owned 80,632 shares of the company's stock, valued at $6,556,994.24. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Charles Collier sold 7,181 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $75.00, for a total transaction of $538,575.00. Following the completion of the transaction, the insider owned 10,970 shares of the company's stock, valued at $822,750. This represents a 39.56% decrease in their position. 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. 13.98% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on ROKU shares. Wells Fargo & Company cut their price objective on shares of Roku from $129.00 to $93.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Wedbush reiterated an "outperform" rating and issued a $100.00 price target on shares of Roku in a research note on Monday, June 16th. Guggenheim restated a "buy" rating and set a $100.00 price objective on shares of Roku in a research note on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and set a $88.50 price objective on shares of Roku in a report on Tuesday, June 17th. Finally, Redburn Atlantic raised Roku from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Roku presently has an average rating of "Moderate Buy" and a consensus price target of $89.93.

Roku Stock Up 0.2%

NASDAQ ROKU traded up $0.20 during trading hours on Wednesday, hitting $86.40. The company had a trading volume of 2,826,987 shares, compared to its average volume of 3,848,357. The firm has a market cap of $12.61 billion, a P/E ratio of -118.35 and a beta of 2.12. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The business has a fifty day simple moving average of $73.20 and a 200-day simple moving average of $75.18.

Roku (NASDAQ:ROKU - Get Free Report) last released 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. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.35) EPS. Equities analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

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.