SeaCrest Wealth Management LLC Decreases Stock Holdings in Roku Inc (NASDAQ:ROKU)

SeaCrest Wealth Management LLC trimmed its position in shares of Roku Inc (NASDAQ:ROKU) by 58.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,836 shares of the company’s stock after selling 3,928 shares during the period. SeaCrest Wealth Management LLC’s holdings in Roku were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. California Public Employees Retirement System grew its holdings in shares of Roku by 217.1% during the 4th quarter. California Public Employees Retirement System now owns 29,065 shares of the company’s stock valued at $891,000 after purchasing an additional 19,900 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Roku by 1.3% during the 4th quarter. Northern Trust Corp now owns 544,362 shares of the company’s stock valued at $16,679,000 after purchasing an additional 6,789 shares during the last quarter. United Services Automobile Association grew its holdings in shares of Roku by 25.8% during the 4th quarter. United Services Automobile Association now owns 8,316 shares of the company’s stock valued at $255,000 after purchasing an additional 1,705 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Roku by 17.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 87,395 shares of the company’s stock valued at $2,678,000 after purchasing an additional 12,709 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Roku by 13.8% during the 4th quarter. Stifel Financial Corp now owns 9,930 shares of the company’s stock valued at $303,000 after purchasing an additional 1,205 shares during the last quarter. 50.19% of the stock is currently owned by institutional investors and hedge funds.

ROKU traded down $0.31 during trading on Friday, reaching $100.53. 4,439,457 shares of the company’s stock were exchanged, compared to its average volume of 8,486,338. Roku Inc has a one year low of $26.30 and a one year high of $113.44. The stock has a market capitalization of $11.72 billion, a PE ratio of -1,256.63 and a beta of 2.04. The stock has a fifty day moving average price of $102.08.

Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.15. Roku had a negative net margin of 1.47% and a negative return on equity of 4.60%. The firm had revenue of $206.70 million for the quarter, compared to analyst estimates of $189.80 million. During the same period in the previous year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was up 51.3% compared to the same quarter last year. On average, sell-side analysts expect that Roku Inc will post -0.57 EPS for the current year.

In other news, VP Scott A. Rosenberg sold 3,356 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $94.60, for a total value of $317,477.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Stephen H. Kay sold 12,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $109.03, for a total transaction of $1,308,360.00. The disclosure for this sale can be found here. Insiders have sold a total of 676,733 shares of company stock worth $67,106,092 over the last three months. Insiders own 22.70% of the company’s stock.

ROKU has been the topic of several research reports. Guggenheim raised shares of Roku from a “neutral” rating to a “buy” rating and lifted their price target for the company from $75.00 to $119.00 in a report on Wednesday, June 5th. Rosenblatt Securities reaffirmed a “neutral” rating on shares of Roku in a report on Thursday, May 9th. Vertical Group raised shares of Roku from a “negative” rating to a “mixed” rating in a report on Wednesday, May 1st. BidaskClub lowered shares of Roku from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Morgan Stanley boosted their target price on shares of Roku from $46.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $82.87.

Roku Company 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.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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