WCG Wealth Advisors LLC Acquires Shares of 19,722 Roku, Inc. $ROKU

WCG Wealth Advisors LLC acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 19,722 shares of the company’s stock, valued at approximately $2,140,000.

Several other large investors have also bought and sold shares of ROKU. Blue Trust Inc. raised its holdings in Roku by 680.0% in the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares in the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of Roku during the fourth quarter valued at $26,000. WPG Advisers LLC purchased a new stake in shares of Roku during the fourth quarter valued at $31,000. Cornerstone Planning Group LLC boosted its position in shares of Roku by 20,450.0% during the third quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock valued at $41,000 after buying an additional 409 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its position in Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after purchasing an additional 158 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Roku

In other news, SVP Christopher T. Handman sold 2,999 shares of Roku stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $127.26, for a total transaction of $381,652.74. Following the completion of the sale, the senior vice president directly owned 5,998 shares in the company, valued at approximately $763,305.48. This trade represents a 33.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Neil D. Hunt sold 2,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $129.09, for a total value of $258,180.00. Following the transaction, the director directly owned 7,782 shares in the company, valued at $1,004,578.38. The trade was a 20.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 696,631 shares of company stock valued at $77,636,680. 13.45% of the stock is owned by company insiders.

Roku Stock Performance

NASDAQ:ROKU opened at $122.26 on Friday. The stock’s fifty day moving average is $115.32 and its 200 day moving average is $105.15. Roku, Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $133.46. The firm has a market capitalization of $18.02 billion, a PE ratio of 91.93 and a beta of 2.06.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm posted ($0.19) EPS. Roku’s quarterly revenue was up 22.4% compared to the same quarter last year. Equities analysts forecast that Roku, Inc. will post 2.41 EPS for the current year.

Key Stories Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to expand its free ad-supported streaming lineup, adding new channels including Sports Illustrated and FIFA Plus, plus four more free channels in June. That supports engagement on The Roku Channel and could improve ad inventory and viewing time. Article Title
• Positive Sentiment: The company also launched a $25 bundle pairing the Streaming Stick Plus with Fox One, which may help drive device sales and keep Roku’s ecosystem competitive. Article Title
• Positive Sentiment: Roku has been benefiting from a bullish narrative around its growing household reach and stronger live-sports positioning, which investors may see as supportive of future ad and platform revenue. Article Title

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ROKU shares. Wells Fargo & Company lifted their price objective on Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Moffett Nathanson reissued a “neutral” rating and issued a $100.00 price target on shares of Roku in a report on Friday, February 13th. Jefferies Financial Group boosted their price target on Roku from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Robert W. Baird boosted their price target on Roku from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, Piper Sandler reissued an “overweight” rating on shares of Roku in a report on Friday. Twenty-two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $145.29.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.