Roku, Inc. (NASDAQ:ROKU) Shares Purchased by Algert Global LLC

Algert Global LLC grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 26.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,777 shares of the company's stock after buying an additional 14,600 shares during the quarter. Algert Global LLC's holdings in Roku were worth $5,210,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ROKU. Cerity Partners LLC lifted its stake in shares of Roku by 11.1% in the 3rd quarter. Cerity Partners LLC now owns 26,534 shares of the company's stock valued at $1,981,000 after purchasing an additional 2,644 shares during the last quarter. Citigroup Inc. lifted its position in Roku by 73.0% in the third quarter. Citigroup Inc. now owns 101,529 shares of the company's stock worth $7,580,000 after buying an additional 42,837 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Roku by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company's stock worth $71,373,000 after buying an additional 30,038 shares during the period. GS Investments Inc. increased its position in Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company's stock valued at $44,000 after acquiring an additional 147 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Roku in the third quarter valued at $1,969,000. Institutional investors own 86.30% of the company's stock.

Roku Stock Down 1.4 %

Shares of NASDAQ ROKU traded down $0.98 during mid-day trading on Monday, reaching $68.22. 3,988,407 shares of the company were exchanged, compared to its average volume of 4,421,414. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The firm has a 50-day moving average of $74.45 and a 200 day moving average of $65.13. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of -57.57 and a beta of 2.07.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm posted ($2.33) earnings per share. The company's quarterly revenue was up 16.5% on a year-over-year basis. On average, equities analysts forecast that Roku, Inc. will post -1.1 earnings per share for the current year.

Insider Buying and Selling at Roku

In related news, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the transaction, the insider now directly owns 38,602 shares of the company's stock, valued at $2,485,582.78. This trade represents a 4.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew C. Banks sold 8,693 shares of Roku stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the sale, the chief accounting officer now owns 7,264 shares of the company's stock, valued at $518,940.16. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,240 shares of company stock worth $6,729,582 over the last three months. Corporate insiders own 13.98% of the company's stock.

Analyst Upgrades and Downgrades

ROKU has been the topic of several analyst reports. Bank of America upped their price target on shares of Roku from $75.00 to $90.00 and gave the company a "buy" rating in a report on Monday, September 30th. Baird R W raised Roku from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 18th. Wells Fargo & Company increased their price target on Roku from $72.00 to $74.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Benchmark restated a "buy" rating and set a $105.00 price objective on shares of Roku in a report on Thursday, September 12th. Finally, Guggenheim upgraded Roku from a "neutral" rating to a "buy" rating and set a $75.00 target price on the stock in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.14.

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.