30,504 Roku, Inc. $ROKU Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. boosted its holdings in Roku, Inc. (NASDAQ:ROKU) by 1,142.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,174 shares of the company’s stock after purchasing an additional 30,504 shares during the quarter. Roku makes up 0.7% of Machina Capital S.A.S.’s portfolio, making the stock its 25th biggest holding. Machina Capital S.A.S.’s holdings in Roku were worth $5,052,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Lido Advisors LLC boosted its stake in Roku by 3.3% in the 3rd quarter. Lido Advisors LLC now owns 53,566 shares of the company’s stock worth $8,157,000 after buying an additional 1,697 shares during the last quarter. New York Life Investment Management LLC grew its holdings in Roku by 289.7% in the 3rd quarter. New York Life Investment Management LLC now owns 62,409 shares of the company’s stock valued at $9,504,000 after buying an additional 46,395 shares during the period. AlphaCore Capital LLC increased its stake in shares of Roku by 38.4% during the 3rd quarter. AlphaCore Capital LLC now owns 2,114 shares of the company’s stock valued at $322,000 after acquiring an additional 586 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of Roku by 18.5% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,579 shares of the company’s stock valued at $393,000 after acquiring an additional 402 shares during the last quarter. Finally, Heritage Family Offices LLP acquired a new position in shares of Roku during the 3rd quarter valued at about $93,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Charles Collier sold 20,538 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $156.99, for a total value of $3,224,260.62. Following the transaction, the insider owned 22,700 shares in the company, valued at approximately $3,563,673. This trade represents a 47.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Christopher T. Handman sold 2,999 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $155.64, for a total transaction of $466,764.36. Following the completion of the transaction, the senior vice president owned 8,997 shares in the company, valued at $1,400,293.08. The trade was a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last ninety days, insiders sold 88,028 shares of company stock worth $13,645,922. 13.45% of the stock is owned by insiders.

Trending Headlines about Roku

Investors following ROKU have been watching these headlines:

• Positive Sentiment: The Roku Channel is adding five free live-TV channels. A broader lineup could help attract viewers and support advertising on Roku’s streaming service. The Roku Channel just added 5 more free live TV channels
• Neutral Sentiment: Fox is reportedly selling investment-grade bonds to raise funds to repay the bridge loan used for the takeover. This is a financing development; the articles do not detail its impact on Roku’s operations. Fox Launches Bond Sale to Repay Bridge Loan for Roku Takeover
• Negative Sentiment: Roku will stop selling smart-home devices and refocus on streaming. Sharper strategic focus may benefit the core business, but exiting a product category could mean lost sales and changes for existing customers. Roku will stop selling smart home devices and refocus on streaming

Analyst Ratings Changes

ROKU has been the topic of several recent analyst reports. Wedbush dropped coverage on shares of Roku in a report on Tuesday. They set a “neutral” rating on the stock. Guggenheim cut shares of Roku from a “buy” rating to a “neutral” rating and raised their target price for the stock from $145.00 to $160.00 in a research report on Friday, August 7th. Needham & Company LLC restated a “buy” rating on shares of Roku in a report on Tuesday, November 3rd. Fox Advisors set a $157.00 price target on shares of Roku in a research report on Friday, July 17th. Finally, Rosenblatt Securities lowered shares of Roku from a “buy” rating to a “hold” rating and set a $160.00 price target for the company. in a research report on Tuesday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat.com, Roku has a consensus rating of “Hold” and a consensus price target of $156.22.

Roku Trading Down 0.5%

Shares of Roku stock opened at $159.65 on Thursday. The business’s fifty day moving average price is $155.51 and its 200 day moving average price is $129.72. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $163.57. The stock has a market capitalization of $23.69 billion, a P/E ratio of 47.23 and a beta of 2.12.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Monday, November 2nd. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.55 by $0.65. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.41 billion. Roku had a return on equity of 18.65% and a net margin of 9.34%. The firm’s revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. As a group, sell-side analysts predict that Roku, Inc. will post 3.17 EPS for the current year.

Roku Company Profile

Roku, Inc. provides a streaming platform that connects viewers with television and other digital video content. Its products include streaming players and Roku-branded televisions, as well as the Roku operating system, which the company licenses to television manufacturers. Roku also operates a platform business that supports streaming services and advertisers. Its offerings include the Roku Channel, an ad-supported streaming service, and tools for distributing content and delivering advertising to viewers.