Advisory Services Network LLC raised its position in Roku, Inc. (NASDAQ:ROKU – Get Rating) by 53.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 15,176 shares of the company’s stock after acquiring an additional 5,313 shares during the period. Advisory Services Network LLC’s holdings in Roku were worth $1,901,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the company. Toroso Investments LLC increased its position in shares of Roku by 93.9% during the 1st quarter. Toroso Investments LLC now owns 3,710 shares of the company’s stock worth $465,000 after purchasing an additional 1,797 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in shares of Roku during the 1st quarter worth approximately $4,454,000. Walleye Capital LLC increased its position in shares of Roku by 220.6% during the 1st quarter. Walleye Capital LLC now owns 6,537 shares of the company’s stock worth $819,000 after purchasing an additional 4,498 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of Roku by 84.8% during the 1st quarter. Wealthfront Advisers LLC now owns 2,846 shares of the company’s stock worth $357,000 after purchasing an additional 1,306 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Roku by 8.5% during the 1st quarter. Advisors Asset Management Inc. now owns 2,222 shares of the company’s stock worth $278,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 66.86% of the company’s stock.
Roku Stock Down 3.3 %
Shares of ROKU stock opened at $71.35 on Monday. Roku, Inc. has a twelve month low of $62.00 and a twelve month high of $350.60. The company has a market cap of $9.84 billion, a P/E ratio of -198.19 and a beta of 1.70. The business has a fifty day simple moving average of $77.32 and a 200 day simple moving average of $93.03.
Analyst Ratings Changes
A number of research firms recently weighed in on ROKU. Macquarie decreased their target price on Roku from $125.00 to $90.00 in a report on Friday, July 29th. Pivotal Research raised Roku from a “sell” rating to a “hold” rating and set a $60.00 target price on the stock in a report on Thursday, September 8th. Benchmark decreased their target price on Roku from $240.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Moffett Nathanson lowered Roku from a “market perform” rating to an “underperform” rating and set a $62.00 target price on the stock. in a report on Wednesday, August 10th. Finally, Wolfe Research lowered Roku from a “market perform” rating to an “underperform” rating and set a $77.00 target price on the stock. in a report on Tuesday, July 26th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $138.54.
Roku Company Profile
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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