Roku, Inc. (NASDAQ:ROKU) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 14.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,979 shares of the company's stock after selling 14,247 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.06% of Roku worth $6,270,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ROKU. EverSource Wealth Advisors LLC increased its stake in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company's stock valued at $40,000 after purchasing an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Roku in the third quarter valued at $43,000. Geneos Wealth Management Inc. grew its position in shares of Roku by 835.6% during the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company's stock worth $45,000 after acquiring an additional 610 shares during the last quarter. Cedar Wealth Management LLC purchased a new stake in Roku during the 2nd quarter worth about $48,000. Finally, Natixis acquired a new position in Roku during the first quarter valued at approximately $53,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Roku

In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of Roku stock in a transaction dated 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 approximately $2,485,582.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of Roku stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the completion of the sale, the insider now directly owns 38,602 shares of the company's stock, valued at $2,485,582.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Charles Collier sold 15,454 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,159,050.00. Following the completion of the sale, the insider now directly owns 200 shares of the company's stock, valued at $15,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,776 shares of company stock valued at $5,267,305 over the last three months. 13.98% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ROKU. Wells Fargo & Company upped their price target on shares of Roku from $72.00 to $74.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Morgan Stanley boosted their price objective on Roku from $60.00 to $65.00 and gave the stock an "underweight" rating in a report on Tuesday, October 29th. Bank of America lifted their price target on Roku from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Needham & Company LLC restated a "buy" rating and issued a $100.00 price target on shares of Roku in a research note on Thursday, October 31st. Finally, Rosenblatt Securities upped their price objective on shares of Roku from $61.00 to $86.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Roku currently has an average rating of "Hold" and a consensus target price of $83.95.

Roku Price Performance

Roku stock traded up $1.79 during trading hours on Friday, hitting $73.82. The company had a trading volume of 3,150,168 shares, compared to its average volume of 4,435,229. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84. The firm has a 50-day moving average of $73.35 and a 200 day moving average of $64.05. The firm has a market cap of $10.72 billion, a PE ratio of -59.42 and a beta of 2.07.

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

Roku 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.