Kestra Investment Management LLC Has $515,000 Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Kestra Investment Management LLC increased its position in shares of Roku, Inc. (NASDAQ:ROKU) by 57.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,928 shares of the company’s stock after acquiring an additional 2,517 shares during the quarter. Kestra Investment Management LLC’s holdings in Roku were worth $515,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. FMR LLC lifted its stake in shares of Roku by 1.7% during the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock valued at $1,087,824,000 after acquiring an additional 244,793 shares during the period. Holocene Advisors LP acquired a new position in Roku in the third quarter valued at about $129,015,000. Westfield Capital Management Co. LP lifted its stake in Roku by 126.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock valued at $114,646,000 after buying an additional 856,401 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Roku by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock valued at $71,373,000 after buying an additional 30,038 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in Roku by 352.5% in the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock valued at $48,653,000 after buying an additional 507,643 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Performance

ROKU stock opened at $95.80 on Wednesday. The business has a 50 day moving average price of $80.86 and a two-hundred day moving average price of $74.18. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.39% and a negative net margin of 3.15%. Equities research analysts forecast that Roku, Inc. will post -0.8 EPS for the current fiscal year.

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 Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,116,936.26. The trade was a 48.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Dan Jedda sold 2,000 shares of Roku stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.95, for a total value of $199,900.00. Following the transaction, the chief financial officer now owns 56,555 shares of the company’s stock, valued at $5,652,672.25. This represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 109,421 shares of company stock worth $9,660,786 over the last ninety days. 13.98% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ROKU shares. JMP Securities increased their target price on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a research note on Tuesday, January 7th. Benchmark increased their target price on Roku from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Pivotal Research raised Roku from a “hold” rating to a “buy” rating and increased their target price for the company from $65.00 to $125.00 in a research note on Friday, February 14th. Finally, Baird R W raised Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Roku presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.62.

Roku 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.