Roku Inc (ROKU) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in shares of Roku Inc (NASDAQ:ROKU) by 100.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 400 shares of the company’s stock after purchasing an additional 200 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Roku were worth $25,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ROKU. Vanguard Group Inc. increased its position in Roku by 72.7% during the third quarter. Vanguard Group Inc. now owns 4,747,875 shares of the company’s stock valued at $346,737,000 after acquiring an additional 1,998,602 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in Roku during the first quarter valued at $117,951,000. Morgan Stanley increased its position in Roku by 378.4% during the third quarter. Morgan Stanley now owns 2,129,881 shares of the company’s stock valued at $155,544,000 after acquiring an additional 1,684,676 shares during the last quarter. JPMorgan Chase & Co. increased its position in Roku by 2,154.2% during the third quarter. JPMorgan Chase & Co. now owns 1,138,496 shares of the company’s stock valued at $83,145,000 after acquiring an additional 1,087,991 shares during the last quarter. Finally, FMR LLC increased its position in Roku by 17.1% during the fourth quarter. FMR LLC now owns 6,340,828 shares of the company’s stock valued at $194,283,000 after acquiring an additional 925,145 shares during the last quarter. 42.58% of the stock is currently owned by hedge funds and other institutional investors.

ROKU traded down $0.42 during midday trading on Friday, reaching $82.75. The company had a trading volume of 25,908,265 shares, compared to its average volume of 11,867,016. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of -1,034.38 and a beta of 3.61. Roku Inc has a 1 year low of $26.30 and a 1 year high of $86.50.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.15. The business had revenue of $206.70 million during the quarter, compared to analysts’ expectations of $189.80 million. Roku had a negative return on equity of 5.29% and a negative net margin of 1.47%. The business’s quarterly revenue was up 51.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.07) earnings per share. Equities research analysts forecast that Roku Inc will post -0.71 EPS for the current year.

In related news, SVP Stephen H. Kay sold 15,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $71.96, for a total transaction of $1,079,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan S. Henricks sold 5,000 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $64.83, for a total value of $324,150.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 411,320 shares of company stock valued at $25,365,026. Company insiders own 22.70% of the company’s stock.

A number of research firms recently commented on ROKU. Morgan Stanley upped their price objective on Roku from $46.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday. Wedbush upped their price objective on Roku from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday. Royal Bank of Canada upped their price objective on Roku from $70.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday. KeyCorp upped their price objective on Roku from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Rosenblatt Securities reiterated a “neutral” rating on shares of Roku in a research report on Thursday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $72.15.

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Roku Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

Further Reading: Overbought

Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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