Roku Inc (NASDAQ:ROKU) Holdings Raised by State Street Corp

State Street Corp increased its stake in Roku Inc (NASDAQ:ROKU) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,756,840 shares of the company’s stock after purchasing an additional 21,163 shares during the quarter. State Street Corp owned approximately 1.50% of Roku worth $235,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ROKU. Baystate Wealth Management LLC bought a new position in shares of Roku in the fourth quarter worth about $27,000. CENTRAL TRUST Co boosted its stake in Roku by 47.5% during the third quarter. CENTRAL TRUST Co now owns 295 shares of the company’s stock worth $30,000 after acquiring an additional 95 shares in the last quarter. MCF Advisors LLC bought a new position in Roku during the third quarter worth $31,000. FinTrust Capital Advisors LLC acquired a new stake in Roku in the fourth quarter worth $40,000. Finally, Catalyst Capital Advisors LLC grew its holdings in Roku by 59.4% in the third quarter. Catalyst Capital Advisors LLC now owns 322 shares of the company’s stock worth $33,000 after purchasing an additional 120 shares during the period. 58.06% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Stephen H. Kay sold 10,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $139.31, for a total value of $1,393,100.00. Following the completion of the transaction, the senior vice president now directly owns 89,004 shares of the company’s stock, valued at $12,399,147.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Anthony J. Wood sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $150.22, for a total transaction of $15,022,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 202,613 shares of company stock valued at $29,021,835 over the last 90 days. Company insiders own 22.70% of the company’s stock.

A number of equities analysts recently issued reports on ROKU shares. Morgan Stanley cut Roku from an “equal weight” rating to an “underweight” rating and set a $110.00 target price on the stock. in a report on Monday, December 2nd. Pivotal Research restated a “sell” rating and set a $60.00 price target on shares of Roku in a research note on Friday, February 14th. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of Roku in a report on Wednesday, February 12th. Royal Bank of Canada upped their price objective on shares of Roku to and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, Zacks Investment Research lowered shares of Roku from a “buy” rating to a “sell” rating in a research note on Thursday. Six research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $131.48.

Shares of ROKU stock traded down $3.23 on Thursday, hitting $123.33. 11,487,855 shares of the stock were exchanged, compared to its average volume of 13,108,710. The firm’s 50 day moving average is $130.95 and its two-hundred day moving average is $134.32. Roku Inc has a one year low of $51.14 and a one year high of $176.55. The firm has a market capitalization of $14.94 billion, a PE ratio of -237.17 and a beta of 1.64.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.01. Roku had a negative net margin of 5.31% and a negative return on equity of 13.99%. The company had revenue of $411.23 million for the quarter, compared to analysts’ expectations of $392.43 million. Sell-side analysts expect that Roku Inc will post -0.75 earnings per share for the current year.

About Roku

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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