Kessler Investment Group LLC Sells 1,225 Shares of Roku, Inc. (NASDAQ:ROKU)

Kessler Investment Group LLC reduced its stake in Roku, Inc. (NASDAQ:ROKU) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,743 shares of the company’s stock after selling 1,225 shares during the period. Roku makes up about 2.6% of Kessler Investment Group LLC’s holdings, making the stock its 20th largest holding. Kessler Investment Group LLC owned 0.05% of Roku worth $5,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Entropy Technologies LP raised its position in shares of Roku by 264.4% in the fourth quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock worth $1,898,000 after buying an additional 18,520 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of Roku in the third quarter worth $129,015,000. National Bank of Canada FI raised its position in shares of Roku by 11,626.3% in the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after buying an additional 149,514 shares in the last quarter. EULAV Asset Management raised its position in shares of Roku by 59.1% in the third quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock worth $13,663,000 after buying an additional 68,000 shares in the last quarter. Finally, Smith Group Asset Management LLC purchased a new stake in shares of Roku in the third quarter worth $547,000. 86.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew C. Banks sold 8,693 shares of Roku stock in a transaction that occurred on Monday, November 18th. The shares were 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 of the company’s stock, valued at $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. In the last three months, insiders have sold 97,885 shares of company stock valued at $7,911,162. 13.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Rosenblatt Securities restated a “neutral” rating and set a $86.00 price target on shares of Roku in a research report on Thursday. Jefferies Financial Group lowered their price target on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research report on Friday, November 1st. Finally, Piper Sandler raised their price target on Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.18.

Roku Stock Up 14.1 %

Roku stock opened at $99.07 on Friday. The stock’s 50 day simple moving average is $80.56 and its two-hundred day simple moving average is $73.65. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Sell-side analysts forecast that Roku, Inc. will post -1.09 earnings per share for the current year.

About Roku

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.