1,272 Shares in Roku, Inc. (NASDAQ:ROKU) Acquired by Brooklyn Investment Group

Brooklyn Investment Group acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,272 shares of the company’s stock, valued at approximately $95,000.

Other large investors have also made changes to their positions in the company. FMR LLC lifted its holdings in shares of Roku by 1.7% in the 3rd quarter. FMR LLC now owns 14,570,372 shares of the company’s stock valued at $1,087,824,000 after buying an additional 244,793 shares during the period. Mirabella Financial Services LLP purchased a new stake in Roku in the 3rd quarter worth approximately $2,104,000. Westfield Capital Management Co. LP increased its holdings in shares of Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock valued at $114,646,000 after purchasing an additional 856,401 shares in the last quarter. Algert Global LLC boosted its holdings in Roku by 26.5% during the third quarter. Algert Global LLC now owns 69,777 shares of the company’s stock worth $5,210,000 after buying an additional 14,600 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Roku by 11.1% during the third quarter. Cerity Partners LLC now owns 26,534 shares of the company’s stock valued at $1,981,000 after buying an additional 2,644 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares in the company, valued at $376,500. The trade was a 83.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.44, for a total transaction of $621,027.92. Following the transaction, the chief accounting officer now owns 7,264 shares in the company, valued at approximately $518,940.16. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,240 shares of company stock valued at $6,729,582 in the last ninety days. Insiders own 13.98% of the company’s stock.

Roku Stock Up 2.1 %

Shares of NASDAQ ROKU opened at $67.71 on Friday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The stock has a market capitalization of $9.83 billion, a price-to-earnings ratio of -56.42 and a beta of 2.07. The firm has a 50-day moving average price of $73.77 and a 200 day moving average price of $65.28.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted ($2.33) EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities research analysts expect that Roku, Inc. will post -1.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ROKU shares. Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Friday, August 23rd. Benchmark reissued a “buy” rating and issued a $105.00 price objective on shares of Roku in a report on Thursday, September 12th. Baird R W raised Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Roku in a research note on Thursday, October 31st. Finally, Wells Fargo & Company increased their price objective on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.62.

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.