Smith Group Asset Management LLC Sells 130 Shares of Roku, Inc. (NASDAQ:ROKU)

Smith Group Asset Management LLC decreased its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,190 shares of the company’s stock after selling 130 shares during the period. Smith Group Asset Management LLC’s holdings in Roku were worth $535,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its position in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 270 shares during the last quarter. Raelipskie Partnership bought a new stake in shares of Roku in the 3rd quarter worth $32,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Roku in the third quarter valued at about $43,000. GS Investments Inc. lifted its position in shares of Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after purchasing an additional 147 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Roku by 50.6% during the third quarter. Venturi Wealth Management LLC now owns 991 shares of the company’s stock worth $74,000 after purchasing an additional 333 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on ROKU. Wells Fargo & Company increased their price target on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. UBS Group assumed coverage on shares of Roku in a research note on Friday, November 22nd. They set a “neutral” rating and a $73.00 price target for the company. Morgan Stanley increased their price objective on Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Moffett Nathanson lowered Roku from a “neutral” rating to a “sell” rating and set a $55.00 target price on the stock. in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. increased their price target on Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Roku has a consensus rating of “Moderate Buy” and an average target price of $83.18.

Insider Activity

In related news, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction 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 approximately $518,940.16. This trade represents a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 65,555 shares of the company’s stock, valued at $4,916,625. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,095 shares of company stock worth $5,726,218. 13.98% of the stock is currently owned by insiders.

Roku Price Performance

ROKU stock opened at $82.58 on Thursday. The firm has a 50 day simple moving average of $77.88 and a two-hundred day simple moving average of $71.78. Roku, Inc. has a one year low of $48.33 and a one year high of $99.80.

Roku (NASDAQ:ROKU) last announced its earnings results 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 net margin of 4.42% and a negative return on equity of 7.22%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned ($2.33) earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. As a group, sell-side analysts expect that Roku, Inc. will post -1.09 EPS for the current fiscal year.

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.