BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Stock Position in Roku, Inc. $ROKU

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Roku, Inc. (NASDAQ:ROKU) by 19.5% during the first quarter, HoldingsChannel.com reports. The fund owned 5,810 shares of the company’s stock after buying an additional 948 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Roku were worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Garde Capital Inc. acquired a new position in Roku in the first quarter valued at $25,000. Golden State Wealth Management LLC grew its holdings in shares of Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock worth $31,000 after buying an additional 247 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in Roku in the 1st quarter valued at about $35,000. First PREMIER Bank purchased a new stake in Roku during the 1st quarter valued at approximately $35,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Roku during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

ROKU has been the topic of a number of recent research reports. Guggenheim boosted their target price on Roku from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, August 1st. Benchmark reiterated a “buy” rating and issued a $130.00 price objective on shares of Roku in a research report on Friday, May 2nd. Rosenblatt Securities upped their price objective on shares of Roku from $75.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Needham & Company LLC raised their target price on shares of Roku from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Piper Sandler boosted their price target on shares of Roku from $65.00 to $84.00 and gave the stock a “neutral” rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.96.

Roku Trading Up 2.3%

Shares of NASDAQ ROKU opened at $92.33 on Tuesday. The company’s 50-day moving average price is $86.44 and its 200 day moving average price is $77.38. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $104.96. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of -219.83, a PEG ratio of 12.64 and a beta of 2.05.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Matthew C. Banks sold 3,360 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $85.05, for a total value of $285,768.00. Following the sale, the chief accounting officer directly owned 5,195 shares in the company, valued at $441,834.75. This represents a 39.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $82.42, for a total value of $2,060,500.00. Following the sale, the chief executive officer directly owned 16,441 shares in the company, valued at approximately $1,355,067.22. The trade was a 60.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 337,233 shares of company stock worth $30,423,181 in the last quarter. Corporate insiders own 13.98% of the company’s stock.

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.