Nomura Asset Management Co. Ltd. Raises Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Nomura Asset Management Co. Ltd. lifted its holdings in Roku, Inc. (NASDAQ:ROKU) by 14.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,420 shares of the company’s stock after purchasing an additional 4,500 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Roku were worth $2,719,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new position in shares of Roku in the 3rd quarter worth $43,000. GS Investments Inc. lifted its holdings in shares of Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after acquiring an additional 375 shares in the last quarter. Cedar Wealth Management LLC bought a new stake in Roku during the second quarter worth approximately $48,000. Finally, Venturi Wealth Management LLC raised its position in Roku by 50.6% during the third quarter. Venturi Wealth Management LLC now owns 991 shares of the company’s stock valued at $74,000 after purchasing an additional 333 shares during the period. Institutional investors own 86.30% of the company’s stock.

Roku Price Performance

Shares of Roku stock opened at $82.99 on Friday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of -69.16 and a beta of 2.06. The firm’s 50-day moving average is $75.00 and its two-hundred day moving average is $66.96.

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

Insider Activity

In other news, CAO Matthew C. Banks sold 8,693 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.44, for a total value of $621,027.92. Following the sale, the chief accounting officer now directly owns 7,264 shares in the company, valued at approximately $518,940.16. This trade represents a 54.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total transaction of $75,330.00. Following the transaction, the chief financial officer now owns 54,267 shares of the company’s stock, valued at approximately $4,087,933.11. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,096 shares of company stock worth $5,653,823. 13.98% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on shares of Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Guggenheim raised shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Friday, August 23rd. Wedbush reissued an “outperform” rating and issued a $100.00 price objective (up from $85.00) on shares of Roku in a research report on Friday, December 6th. Finally, Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective for the company in a research note on Thursday, September 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Roku has a consensus rating of “Moderate Buy” and an average price target of $83.81.

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.