Candriam Luxembourg S.C.A. Sells 1,200 Shares of Roku Inc (NASDAQ:ROKU)
Candriam Luxembourg S.C.A. trimmed its holdings in shares of Roku Inc (NASDAQ:ROKU) by 19.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,086 shares of the company’s stock after selling 1,200 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Roku were worth $593,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in ROKU. First Trust Advisors LP increased its position in Roku by 19.8% during the first quarter. First Trust Advisors LP now owns 92,199 shares of the company’s stock worth $5,948,000 after acquiring an additional 15,212 shares during the period. Guggenheim Capital LLC bought a new position in Roku during the fourth quarter worth about $266,000. Standard Life Aberdeen plc increased its holdings in Roku by 5.7% in the 4th quarter. Standard Life Aberdeen plc now owns 4,868 shares of the company’s stock valued at $652,000 after buying an additional 263 shares during the period. Profund Advisors LLC bought a new position in Roku in the 4th quarter valued at about $209,000. Finally, Brinker Capital Inc. bought a new position in Roku in the 4th quarter valued at about $250,000. 59.22% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on ROKU shares. Benchmark raised their target price on shares of Roku from $153.00 to $180.00 and gave the company a “buy” rating in a report on Monday, July 13th. Oppenheimer raised their price target on shares of Roku from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, June 11th. UBS Group reduced their price target on shares of Roku from $170.00 to $145.00 and set a “positive” rating on the stock in a research note on Friday, May 8th. Loop Capital lifted their target price on shares of Roku from $70.00 to $90.00 in a research report on Friday, May 8th. Finally, Needham & Company LLC started coverage on shares of Roku in a report on Thursday, June 18th. They set a “buy” rating and a $150.00 price target for the company. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $136.48.
Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.45) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.46) by $0.01. Roku had a negative return on equity of 18.24% and a negative net margin of 8.43%. The business had revenue of $320.77 million during the quarter, compared to analysts’ expectations of $309.23 million. During the same period in the previous year, the firm posted ($0.09) earnings per share. The company’s revenue was up 55.2% on a year-over-year basis. On average, research analysts predict that Roku Inc will post -1.77 earnings per share for the current fiscal year.
In related news, CEO Anthony J. Wood sold 100,000 shares of Roku stock in a transaction on Monday, July 13th. The stock was sold at an average price of $160.40, for a total value of $16,040,000.00. Following the completion of the transaction, the chief executive officer now directly owns 125,000 shares in the company, valued at $20,050,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mai Fyfield sold 306 shares of Roku stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $127.13, for a total value of $38,901.78. Following the completion of the transaction, the director now owns 1,049 shares of the company’s stock, valued at $133,359.37. The disclosure for this sale can be found here. Insiders sold 256,369 shares of company stock valued at $34,837,014 over the last ninety days. Insiders own 22.70% of the company’s stock.
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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