XTX Topco Ltd Acquires 10,868 Shares of Roku, Inc. (NASDAQ:ROKU)

XTX Topco Ltd boosted its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 274.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,834 shares of the company's stock after buying an additional 10,868 shares during the quarter. XTX Topco Ltd's holdings in Roku were worth $1,108,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 375 shares during the period. Future Financial Wealth Managment LLC bought a new position in Roku in the 3rd quarter worth $43,000. GS Investments Inc. grew its position in Roku by 33.4% in the 3rd 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. Cedar Wealth Management LLC acquired a new stake in Roku in the 2nd quarter worth $48,000. Finally, AM Squared Ltd acquired a new stake in Roku in the 2nd quarter worth $66,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Roku Stock Down 2.7 %

NASDAQ ROKU traded down $2.30 during trading hours on Tuesday, hitting $81.82. The company's stock had a trading volume of 2,248,174 shares, compared to its average volume of 4,433,128. The stock has a fifty day moving average of $74.56 and a 200 day moving average of $66.49. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $108.84. The firm has a market capitalization of $11.88 billion, a P/E ratio of -68.18 and a beta of 2.06.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS 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 firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned ($2.33) earnings per share. The business's quarterly revenue was up 16.5% on a year-over-year basis. On average, analysts predict that Roku, Inc. will post -1.1 earnings per share for the current year.

Insider Buying and Selling at Roku

In other news, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the sale, the chief accounting officer now owns 7,264 shares of the company's stock, valued at $518,940.16. This represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles Collier sold 15,454 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,159,050.00. Following the sale, the insider now directly owns 200 shares of the company's stock, valued at $15,000. This represents a 98.72 % 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.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup raised their price target on shares of Roku from $60.00 to $77.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Bank of America upped their target price on shares of Roku from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Rosenblatt Securities upped their target price on shares of Roku from $61.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Guggenheim raised shares of Roku from a "neutral" rating to a "buy" rating and set a $75.00 target price on the stock in a research note on Friday, August 23rd. Finally, Macquarie reissued an "outperform" rating and issued a $90.00 target price on shares of Roku in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.81.

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.