Roku, Inc. $ROKU Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 41.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 585,447 shares of the company’s stock after purchasing an additional 170,648 shares during the quarter. Quantinno Capital Management LP’s holdings in Roku were worth $55,395,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ROKU. Blue Trust Inc. boosted its stake in shares of Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after buying an additional 204 shares during the last quarter. Bayban increased its stake in shares of Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after buying an additional 260 shares during the last quarter. WPG Advisers LLC bought a new stake in shares of Roku in the fourth quarter worth $31,000. Safe Harbor Fiduciary LLC acquired a new stake in Roku in the fourth quarter valued at $31,000. Finally, Rakuten Securities Inc. raised its holdings in Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after acquiring an additional 158 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROKU has been the subject of several recent analyst reports. Zacks Research lowered shares of Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Wedbush lowered shares of Roku from an “outperform” rating to a “neutral” rating and set a $155.00 target price on the stock. in a research note on Tuesday, June 16th. Guggenheim lifted their price target on Roku from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Wells Fargo & Company boosted their price objective on Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Robert W. Baird restated a “neutral” rating and set a $160.00 price objective on shares of Roku in a research note on Monday, June 15th. Ten equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $155.12.

Roku Price Performance

ROKU stock opened at $145.33 on Thursday. The firm has a market cap of $21.43 billion, a price-to-earnings ratio of 109.27 and a beta of 2.01. Roku, Inc. has a 1-year low of $78.53 and a 1-year high of $148.88. The firm has a fifty day moving average price of $135.66 and a two-hundred day moving average price of $114.40.

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

Insider Buying and Selling at Roku

In other Roku news, insider Mustafa Ozgen sold 10,194 shares of Roku stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $144.00, for a total value of $1,467,936.00. Following the completion of the transaction, the insider directly owned 19,185 shares in the company, valued at $2,762,640. The trade was a 34.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Neil D. Hunt sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $140.65, for a total value of $281,300.00. Following the transaction, the director directly owned 9,629 shares of the company’s stock, valued at $1,354,318.85. This trade represents a 17.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 236,499 shares of company stock worth $30,582,963. 13.45% of the stock is owned by company insiders.

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.