Roku Inc (NASDAQ:ROKU) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. lessened its holdings in Roku Inc (NASDAQ:ROKU) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,881 shares of the company’s stock after selling 960 shares during the quarter. Wedbush Securities Inc.’s holdings in Roku were worth $895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Flagship Harbor Advisors LLC lifted its holdings in shares of Roku by 64.5% during the second quarter. Flagship Harbor Advisors LLC now owns 477 shares of the company’s stock worth $43,000 after purchasing an additional 187 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Roku by 100.0% during the first quarter. PNC Financial Services Group Inc. now owns 400 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the period. James Investment Research Inc. lifted its holdings in shares of Roku by 68.4% during the second quarter. James Investment Research Inc. now owns 825 shares of the company’s stock worth $75,000 after purchasing an additional 335 shares during the period. Rhumbline Advisers lifted its holdings in shares of Roku by 0.6% during the first quarter. Rhumbline Advisers now owns 55,926 shares of the company’s stock worth $3,608,000 after purchasing an additional 340 shares during the period. Finally, CWM LLC lifted its holdings in shares of Roku by 76.0% during the second quarter. CWM LLC now owns 880 shares of the company’s stock worth $80,000 after purchasing an additional 380 shares during the period. 50.30% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on ROKU shares. Guggenheim raised Roku from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $75.00 to $119.00 in a report on Wednesday, June 5th. Rosenblatt Securities raised Roku from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $77.00 to $134.00 in a report on Thursday, August 8th. Cannonball Research set a $105.00 target price on Roku and gave the stock a “buy” rating in a report on Wednesday, August 7th. Needham & Company LLC lifted their target price on Roku from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Monday. Finally, BidaskClub raised Roku from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $102.98.

In other news, Director Alan S. Henricks sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $90.00, for a total value of $540,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony J. Wood sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $90.52, for a total value of $3,168,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 614,733 shares of company stock valued at $62,498,652. 22.70% of the stock is owned by company insiders.

ROKU stock traded up $1.28 during trading on Thursday, hitting $131.85. 73,728 shares of the company traded hands, compared to its average volume of 10,354,840. The stock’s 50-day moving average is $105.49. The firm has a market capitalization of $15.23 billion, a P/E ratio of -1,656.13 and a beta of 2.04. Roku Inc has a 1 year low of $26.30 and a 1 year high of $142.10.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.14. The company had revenue of $250.10 million during the quarter, compared to analysts’ expectations of $223.36 million. Roku had a negative return on equity of 7.91% and a negative net margin of 2.41%. The firm’s quarterly revenue was up 59.5% on a year-over-year basis. As a group, sell-side analysts forecast that Roku Inc will post -0.57 EPS for the current year.

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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