Nkcfo LLC Lowers Position in Roku, Inc. (NASDAQ:ROKU)

Nkcfo LLC lessened its position in Roku, Inc. (NASDAQ:ROKU) by 65.7% in the fourth quarter, HoldingsChannel reports. The firm owned 3,500 shares of the company’s stock after selling 6,700 shares during the quarter. Nkcfo LLC’s holdings in Roku were worth $321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Roku by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,473,538 shares of the company’s stock valued at $809,917,000 after purchasing an additional 78,185 shares during the period. FMR LLC grew its holdings in shares of Roku by 85.9% in the third quarter. FMR LLC now owns 9,441,349 shares of the company’s stock worth $666,465,000 after acquiring an additional 4,363,754 shares during the period. Wellington Management Group LLP grew its holdings in shares of Roku by 34.6% in the third quarter. Wellington Management Group LLP now owns 2,543,081 shares of the company’s stock worth $179,516,000 after acquiring an additional 653,940 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Roku by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 836,199 shares of the company’s stock valued at $59,027,000 after purchasing an additional 22,052 shares during the period. Finally, Lord Abbett & CO. LLC bought a new stake in Roku during the third quarter valued at about $55,182,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup cut their price target on Roku from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Wedbush lowered their price objective on Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Susquehanna lowered their price objective on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research report on Monday, April 29th. Wells Fargo & Company boosted their price objective on Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Finally, Pivotal Research lowered their price objective on Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $82.50.

Insider Activity

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the completion of the sale, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Roku news, insider Charles Collier sold 12,277 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $65.06, for a total value of $798,741.62. Following the sale, the insider now owns 4,292 shares in the company, valued at $279,237.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the sale, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The disclosure for this sale can be found here. Insiders sold 54,751 shares of company stock valued at $4,375,835 in the last ninety days. Insiders own 13.63% of the company’s stock.

Roku Price Performance

Shares of NASDAQ:ROKU traded down $0.84 during trading on Friday, hitting $59.11. The company had a trading volume of 3,904,550 shares, compared to its average volume of 4,960,037. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of -14.81 and a beta of 1.69. Roku, Inc. has a one year low of $51.62 and a one year high of $108.84. The company has a fifty day simple moving average of $62.07 and a two-hundred day simple moving average of $78.31.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.29. The business had revenue of $881.50 million during the quarter, compared to analyst estimates of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the company earned ($1.38) EPS. On average, equities research analysts anticipate that Roku, Inc. will post -1.94 earnings per share for the current 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.