Roku, Inc. (NASDAQ:ROKU) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lessened its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 33.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,898 shares of the company's stock after selling 5,384 shares during the quarter. Axxcess Wealth Management LLC's holdings in Roku were worth $810,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Swiss National Bank lifted its position in shares of Roku by 1.3% during the 3rd quarter. Swiss National Bank now owns 376,800 shares of the company's stock worth $28,132,000 after buying an additional 5,000 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Roku during the 3rd quarter worth $253,000. Avior Wealth Management LLC lifted its position in Roku by 104.5% in the third quarter. Avior Wealth Management LLC now owns 6,418 shares of the company's stock valued at $479,000 after acquiring an additional 3,280 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Roku in the third quarter valued at $1,969,000. Finally, GS Investments Inc. grew its holdings in shares of Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company's stock worth $44,000 after purchasing an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

Roku Trading Up 3.8 %

Shares of ROKU traded up $2.94 during trading hours on Monday, reaching $81.23. The company had a trading volume of 4,176,852 shares, compared to its average volume of 3,693,168. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of -91.27 and a beta of 2.12. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The firm has a 50 day simple moving average of $80.89 and a 200-day simple moving average of $77.32.

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Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.44) by $0.20. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Sell-side analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the transaction, the chief financial officer now owns 68,843 shares in the company, valued at approximately $5,163,225. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $2,510,000.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at $2,664,415.20. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,908 shares of company stock worth $8,633,436. 13.98% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ROKU has been the subject of several research reports. Loop Capital boosted their target price on Roku from $70.00 to $80.00 and gave the company a "hold" rating in a report on Monday, December 9th. Citigroup upgraded Roku from a "neutral" rating to an "outperform" rating in a research note on Sunday. Wells Fargo & Company upgraded shares of Roku from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $74.00 to $129.00 in a research report on Friday, February 14th. Citizens Jmp upgraded shares of Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. Finally, Wedbush reissued an "outperform" rating and set a $100.00 price objective on shares of Roku in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $97.67.

About Roku

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.