abrdn plc Raises Holdings in Roku, Inc. (NASDAQ:ROKU)

abrdn plc raised its position in shares of Roku, Inc. (NASDAQ:ROKUGet Rating) by 13.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,684 shares of the company’s stock after buying an additional 1,886 shares during the period. abrdn plc’s holdings in Roku were worth $2,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Credit Agricole S A boosted its position in shares of Roku by 60.0% during the fourth quarter. Credit Agricole S A now owns 168 shares of the company’s stock worth $38,000 after buying an additional 63 shares during the period. Horan Securities Inc. purchased a new position in shares of Roku during the fourth quarter worth $48,000. Lindbrook Capital LLC boosted its position in shares of Roku by 156.5% during the first quarter. Lindbrook Capital LLC now owns 218 shares of the company’s stock worth $27,000 after buying an additional 133 shares during the period. Cassady Schiller Wealth Management LLC purchased a new position in shares of Roku during the fourth quarter worth $54,000. Finally, Pacer Advisors Inc. purchased a new position in Roku in the fourth quarter valued at $63,000. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of recent research reports. Needham & Company LLC decreased their target price on Roku from $205.00 to $95.00 and set a “buy” rating for the company in a report on Friday. Citigroup decreased their target price on Roku from $175.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Raymond James initiated coverage on Roku in a report on Tuesday, July 26th. They issued a “market perform” rating for the company. Morgan Stanley decreased their target price on Roku from $80.00 to $55.00 and set an “underweight” rating for the company in a report on Monday. Finally, Macquarie decreased their target price on Roku from $125.00 to $90.00 in a report on Friday. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $136.92.

Roku Stock Up 9.4 %

NASDAQ ROKU opened at $71.69 on Tuesday. Roku, Inc. has a 52-week low of $62.00 and a 52-week high of $434.49. The business’s 50-day moving average price is $87.55 and its 200 day moving average price is $111.22. The firm has a market cap of $9.75 billion, a P/E ratio of -199.14 and a beta of 1.73.

Roku (NASDAQ:ROKUGet Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.06). Roku had a negative return on equity of 1.67% and a negative net margin of 1.51%. The company had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $804.64 million. During the same period in the prior year, the business earned $0.52 EPS. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, analysts anticipate that Roku, Inc. will post -1.96 earnings per share for the current year.

Insider Buying and Selling at Roku

In other Roku news, SVP Stephen H. Kay sold 668 shares of Roku stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $93.41, for a total value of $62,397.88. Following the sale, the senior vice president now owns 78,549 shares of the company’s stock, valued at approximately $7,337,262.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Roku news, SVP Stephen H. Kay sold 668 shares of Roku stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $93.41, for a total value of $62,397.88. Following the sale, the senior vice president now owns 78,549 shares of the company’s stock, valued at approximately $7,337,262.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott A. Rosenberg sold 1,957 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $93.41, for a total value of $182,803.37. Following the sale, the vice president now directly owns 78,676 shares in the company, valued at approximately $7,349,125.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,598 shares of company stock valued at $742,501. 15.32% of the stock is owned by corporate insiders.

Roku Profile

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Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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