Truist Financial Corp Buys 2,289 Shares of Roku, Inc. (NASDAQ:ROKU)

Truist Financial Corp increased its stake in shares of Roku, Inc. (NASDAQ:ROKUGet Rating) by 28.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,238 shares of the company’s stock after purchasing an additional 2,289 shares during the quarter. Truist Financial Corp’s holdings in Roku were worth $578,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Roku by 4.3% during the first quarter. Vanguard Group Inc. now owns 10,483,460 shares of the company’s stock valued at $1,313,263,000 after purchasing an additional 434,663 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Roku by 23.5% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,403,422 shares of the company’s stock valued at $417,553,000 after buying an additional 1,408,323 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its holdings in Roku by 31.1% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 5,664,840 shares of the company’s stock valued at $462,251,000 after buying an additional 1,344,218 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Roku by 97.2% during the 1st quarter. Wellington Management Group LLP now owns 4,174,003 shares of the company’s stock valued at $522,878,000 after buying an additional 2,057,633 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Roku by 772.1% during the 1st quarter. Renaissance Technologies LLC now owns 2,808,100 shares of the company’s stock valued at $351,771,000 after buying an additional 2,486,100 shares in the last quarter. Institutional investors own 66.11% of the company’s stock.

Roku Trading Up 4.9 %

NASDAQ:ROKU opened at $52.39 on Monday. The company has a market cap of $7.30 billion, a PE ratio of -30.46 and a beta of 1.61. Roku, Inc. has a twelve month low of $38.26 and a twelve month high of $177.96. The company’s 50 day moving average is $49.61 and its two-hundred day moving average is $61.75.

Roku (NASDAQ:ROKUGet Rating) last released its earnings results on Wednesday, November 2nd. The company reported ($0.88) earnings per share for the quarter, topping the consensus estimate of ($1.37) by $0.49. Roku had a negative net margin of 7.59% and a negative return on equity of 8.50%. The company had revenue of $761.37 million for the quarter, compared to the consensus estimate of $698.93 million. As a group, analysts expect that Roku, Inc. will post -3.63 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, SVP Stephen H. Kay sold 1,469 shares of Roku stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 81,290 shares in the company, valued at approximately $4,589,633.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Roku news, SVP Stephen H. Kay sold 1,469 shares of Roku stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 81,290 shares in the company, valued at approximately $4,589,633.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gidon Katz sold 7,010 shares of Roku stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $56.46, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 10,519 shares of company stock worth $599,411. Company insiders own 13.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ROKU shares. Oppenheimer lifted their price objective on shares of Roku from $58.00 to $70.00 in a report on Friday, November 18th. Needham & Company LLC reduced their price target on shares of Roku from $95.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. Rosenblatt Securities lowered shares of Roku from a “buy” rating to a “neutral” rating and reduced their price target for the company from $100.00 to $51.00 in a report on Thursday, November 3rd. Citigroup reduced their price target on shares of Roku from $125.00 to $80.00 in a report on Friday, November 4th. Finally, Pivotal Research reduced their price target on shares of Roku from $60.00 to $40.00 and set a “sell” rating for the company in a report on Thursday, November 3rd. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $87.36.

About Roku

(Get Rating)

Roku, Inc engages in the provision of a streaming platform for television. It operates through the following business segments: Platform and Player. The Platform segment includes digital advertising and related services including the OneView ad platform, content distribution, and licensing arrangements with service operators and TV brands.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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