Advisors Asset Management Inc. Lowers Stock Position in Roku, Inc. (NASDAQ:ROKU)

Advisors Asset Management Inc. cut its stake in shares of Roku, Inc. (NASDAQ:ROKUGet Rating) by 18.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,804 shares of the company’s stock after selling 418 shares during the period. Advisors Asset Management Inc.’s holdings in Roku were worth $148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROKU. National Bank of Canada FI lifted its holdings in shares of Roku by 5.8% during the 2nd quarter. National Bank of Canada FI now owns 18,899 shares of the company’s stock worth $1,584,000 after acquiring an additional 1,029 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in Roku by 131.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 995 shares of the company’s stock worth $126,000 after buying an additional 565 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of Roku by 8.7% in the first quarter. Stephens Inc. AR now owns 2,589 shares of the company’s stock worth $324,000 after acquiring an additional 208 shares during the last quarter. Hancock Whitney Corp bought a new position in Roku during the 1st quarter worth approximately $270,000. Finally, Mutual Advisors LLC grew its position in shares of Roku by 3.1% during the 1st quarter. Mutual Advisors LLC now owns 8,025 shares of the company’s stock worth $1,005,000 after buying an additional 239 shares during the period. 66.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roku

In related news, SVP Stephen H. Kay sold 1,469 shares of Roku stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $56.46, for a total transaction of $82,939.74. Following the completion of the transaction, the senior vice president now directly owns 81,290 shares of the company’s stock, valued at approximately $4,589,633.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Gidon Katz sold 7,010 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $56.46, for a total value of $395,784.60. Following the sale, the insider now owns 13,917 shares of the company’s stock, valued at $785,753.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Stephen H. Kay sold 1,469 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $56.46, for a total transaction of $82,939.74. Following the completion of the sale, the senior vice president now directly owns 81,290 shares in the company, valued at approximately $4,589,633.40. The disclosure for this sale can be found here. 13.79% of the stock is owned by insiders.

Analyst Ratings Changes

ROKU has been the subject of a number of recent analyst reports. Moffett Nathanson lowered Roku from a “market perform” rating to an “underperform” rating and set a $62.00 target price for the company. in a report on Wednesday, August 10th. KeyCorp lowered their target price on Roku from $80.00 to $72.00 and set an “overweight” rating on the stock in a report on Tuesday, November 1st. Wolfe Research cut Roku from a “market perform” rating to an “underperform” rating and set a $77.00 price target for the company. in a report on Tuesday, July 26th. Pivotal Research decreased their target price on Roku from $60.00 to $40.00 and set a “sell” rating for the company in a research report on Thursday, November 3rd. Finally, Morgan Stanley dropped their price target on Roku from $50.00 to $45.00 and set an “underweight” rating on the stock in a research note on Thursday, November 3rd. Seven research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $91.35.

Roku Price Performance

NASDAQ ROKU opened at $53.66 on Tuesday. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of -31.20 and a beta of 1.67. The company’s fifty day moving average is $57.11 and its two-hundred day moving average is $74.32. Roku, Inc. has a 52-week low of $44.50 and a 52-week high of $266.05.

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.

See Also

Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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