Trek Financial LLC Has $8.84 Million Stock Holdings in Roku, Inc. $ROKU

Trek Financial LLC grew its holdings in Roku, Inc. (NASDAQ:ROKU) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,317 shares of the company’s stock after purchasing an additional 4,854 shares during the period. Trek Financial LLC owned approximately 0.06% of Roku worth $8,843,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ROKU. Westfuller Advisors LLC acquired a new position in Roku in the third quarter valued at approximately $30,000. Root Financial Partners LLC acquired a new position in Roku during the third quarter worth $33,000. Rakuten Securities Inc. raised its stake in Roku by 55.6% in the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after acquiring an additional 158 shares during the period. JFS Wealth Advisors LLC lifted its holdings in Roku by 327.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock worth $40,000 after purchasing an additional 350 shares during the last quarter. Finally, Bogart Wealth LLC grew its position in shares of Roku by 234.1% during the 2nd quarter. Bogart Wealth LLC now owns 461 shares of the company’s stock worth $41,000 after purchasing an additional 323 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of recent research reports. Citizens Jmp reissued a “market outperform” rating and set a $145.00 price target on shares of Roku in a research note on Tuesday, December 2nd. Wedbush raised their target price on Roku from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Roku in a research report on Thursday. JMP Securities reiterated a “market outperform” rating and issued a $145.00 price target on shares of Roku in a research report on Thursday, October 2nd. Finally, Arete Research set a $132.00 price objective on Roku and gave the stock a “buy” rating in a report on Monday, January 5th. Twenty-two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.79.

Insiders Place Their Bets

In other news, insider Charles Collier sold 118,088 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $115.00, for a total value of $13,580,120.00. Following the transaction, the insider directly owned 200 shares in the company, valued at $23,000. The trade was a 99.83% 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, CFO Dan Jedda sold 3,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $99.09, for a total transaction of $297,270.00. Following the completion of the transaction, the chief financial officer directly owned 77,420 shares in the company, valued at $7,671,547.80. This trade represents a 3.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 389,882 shares of company stock worth $42,251,621 in the last 90 days. Corporate insiders own 13.98% of the company’s stock.

Roku Stock Performance

Shares of Roku stock traded down $1.34 during midday trading on Friday, reaching $105.89. 2,332,582 shares of the company’s stock traded hands, compared to its average volume of 2,489,092. The company has a market cap of $15.65 billion, a PE ratio of -529.42 and a beta of 1.95. The stock has a 50 day moving average of $104.47 and a 200-day moving average of $98.53. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $116.66.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted ($0.06) EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, equities analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

About Roku

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.