Invesco Ltd. Sells 60,350 Shares of Roku, Inc. (NASDAQ:ROKU)

Invesco Ltd. trimmed its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 19.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,421 shares of the company's stock after selling 60,350 shares during the period. Invesco Ltd. owned approximately 0.18% of Roku worth $19,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of Roku by 23.9% in the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock valued at $47,000 after purchasing an additional 121 shares in the last quarter. Cerity Partners LLC boosted its stake in Roku by 0.5% in the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock worth $1,984,000 after purchasing an additional 145 shares during the period. Richard W. Paul & Associates LLC grew its holdings in Roku by 1.1% during the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company's stock valued at $1,189,000 after buying an additional 177 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Roku by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,859 shares of the company's stock valued at $287,000 after buying an additional 191 shares during the period. Finally, PFG Investments LLC lifted its holdings in shares of Roku by 4.9% in the fourth quarter. PFG Investments LLC now owns 4,361 shares of the company's stock worth $324,000 after buying an additional 204 shares in the last quarter. Institutional investors own 86.30% of the company's stock.

Insider Activity at Roku

In other Roku news, CEO Anthony J. Wood sold 4,600 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,243 shares in the company, valued at approximately $468,225. This represents a 42.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 68,843 shares of the company's stock, valued at approximately $5,163,225. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,905 shares of company stock worth $6,560,876 over the last quarter. 13.98% of the stock is owned by corporate insiders.

Roku Stock Performance

Shares of NASDAQ ROKU traded up $0.58 during mid-day trading on Tuesday, hitting $59.75. The stock had a trading volume of 2,009,989 shares, compared to its average volume of 3,796,634. The business has a 50 day moving average price of $73.56 and a two-hundred day moving average price of $75.92. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The firm has a market cap of $8.72 billion, a P/E ratio of -67.16 and a beta of 2.17.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.20. The firm 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%. Equities research analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ROKU has been the topic of a number of analyst reports. Piper Sandler assumed coverage on shares of Roku in a report on Thursday, April 17th. They set a "neutral" rating and a $65.00 target price on the stock. Moffett Nathanson raised shares of Roku from a "sell" rating to a "neutral" rating and set a $70.00 price target on the stock in a report on Tuesday, March 4th. Benchmark reissued a "buy" rating and set a $130.00 price objective on shares of Roku in a research note on Monday. FBN Securities assumed coverage on Roku in a research note on Friday, March 28th. They issued an "outperform" rating and a $93.00 target price on the stock. Finally, Citizens Jmp upgraded Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $92.37.

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.