Sender Co & Partners Inc. Acquires New Holdings in Roku, Inc. (NASDAQ:ROKU)

Sender Co & Partners Inc. acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,079 shares of the company's stock, valued at approximately $827,000. Roku makes up 1.0% of Sender Co & Partners Inc.'s portfolio, making the stock its 21st largest holding.

A number of other institutional investors have also modified their holdings of ROKU. SG Americas Securities LLC boosted its holdings in shares of Roku by 238.6% in the 2nd quarter. SG Americas Securities LLC now owns 73,528 shares of the company's stock valued at $4,407,000 after buying an additional 51,815 shares during the period. Kessler Investment Group LLC grew its holdings in shares of Roku by 21.8% during the third quarter. Kessler Investment Group LLC now owns 75,968 shares of the company's stock valued at $5,672,000 after purchasing an additional 13,590 shares during the last quarter. Holocene Advisors LP bought a new stake in shares of Roku in the 3rd quarter worth approximately $129,015,000. EULAV Asset Management boosted its position in Roku by 59.1% during the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company's stock valued at $13,663,000 after purchasing an additional 68,000 shares during the period. Finally, Granite Bay Wealth Management LLC acquired a new stake in Roku in the second quarter worth $1,142,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Analyst Upgrades and Downgrades

ROKU has been the subject of several recent research reports. 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 report on Thursday, October 31st. Guggenheim raised Roku from a "neutral" rating to a "buy" rating and set a $75.00 price target on the stock in a report on Friday, August 23rd. Moffett Nathanson raised Roku from a "sell" rating to a "neutral" rating and set a $80.00 price objective for the company in a report on Tuesday, October 1st. UBS Group assumed coverage on shares of Roku in a report on Friday, November 22nd. They issued a "neutral" rating and a $73.00 price objective for the company. Finally, Rosenblatt Securities raised their target price on Roku from $61.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.81.

Insider Transactions at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,020 shares of the company's stock, valued at $376,500. The trade was a 83.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total transaction of $75,330.00. Following the sale, the chief financial officer now directly owns 54,267 shares in the company, valued at approximately $4,087,933.11. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,550 shares of company stock valued at $6,621,873. Corporate insiders own 13.98% of the company's stock.

Roku Stock Performance

Shares of ROKU stock traded down $2.18 during mid-day trading on Tuesday, reaching $81.94. The company's stock had a trading volume of 1,324,458 shares, compared to its average volume of 4,429,086. The firm's 50-day moving average is $74.41 and its two-hundred day moving average is $66.31. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84. The company has a market cap of $11.90 billion, a P/E ratio of -70.22 and a beta of 2.06.

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

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.