Diversified Trust Co Decreases Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Diversified Trust Co trimmed its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 69.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,191 shares of the company's stock after selling 24,860 shares during the quarter. Diversified Trust Co's holdings in Roku were worth $832,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Raelipskie Partnership purchased a new position in shares of Roku in the third quarter worth about $32,000. EverSource Wealth Advisors LLC increased its stake in Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company's stock worth $40,000 after purchasing an additional 375 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Roku in the third quarter valued at approximately $43,000. GS Investments Inc. boosted its stake in shares of 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 purchasing an additional 147 shares during the period. Finally, Cedar Wealth Management LLC purchased a new position in shares of Roku in the second quarter valued at about $48,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Roku Stock Down 4.6 %

ROKU traded down $3.81 during trading on Friday, hitting $79.19. The company's stock had a trading volume of 3,688,257 shares, compared to its average volume of 3,314,588. Roku, Inc. has a one year low of $48.33 and a one year high of $99.80. The business's 50 day simple moving average is $75.99 and its 200-day simple moving average is $69.89. The firm has a market cap of $11.50 billion, a PE ratio of -65.99 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share 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 for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm earned ($2.33) earnings per share. The company's revenue for the quarter was up 16.5% on a year-over-year basis. Equities research analysts expect that Roku, Inc. will post -1.1 EPS for the current fiscal year.

Insider Activity

In other Roku news, CAO Matthew C. Banks sold 8,693 shares of Roku stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.44, for a total value of $621,027.92. Following the sale, the chief accounting officer now directly owns 7,264 shares in the company, valued at approximately $518,940.16. The trade was a 54.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.25, for a total transaction of $76,250.00. Following the transaction, the chief financial officer now directly owns 53,267 shares of the company's stock, valued at $4,061,608.75. This trade represents a 1.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,095 shares of company stock worth $3,731,038 over the last ninety days. Corporate insiders own 13.98% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Rosenblatt Securities raised their target price on Roku from $61.00 to $86.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Loop Capital upped 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. Piper Sandler raised their price target on Roku from $60.00 to $75.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Needham & Company LLC reissued a "buy" rating and set a $100.00 price objective on shares of Roku in a research report on Tuesday. Finally, Morgan Stanley upped their price objective on shares of Roku from $60.00 to $65.00 and gave the stock an "underweight" rating in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $82.62.

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.