Independent Advisor Alliance Sells 1,304 Shares of Roku Inc (NASDAQ:ROKU)
Independent Advisor Alliance decreased its holdings in shares of Roku Inc (NASDAQ:ROKU) by 25.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,823 shares of the company's stock after selling 1,304 shares during the period. Independent Advisor Alliance's holdings in Roku were worth $346,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ROKU. PNC Financial Services Group Inc. raised its holdings in Roku by 100.0% during the first quarter. PNC Financial Services Group Inc. now owns 400 shares of the company's stock worth $25,000 after buying an additional 200 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Roku by 1,000.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 550 shares of the company's stock worth $35,000 after buying an additional 500 shares during the last quarter. Joseph P. Lucia & Associates LLC acquired a new position in Roku during the second quarter worth $43,000. Flagship Harbor Advisors LLC raised its holdings in Roku by 64.5% during the second quarter. Flagship Harbor Advisors LLC now owns 477 shares of the company's stock worth $43,000 after buying an additional 187 shares during the last quarter. Finally, Hartford Financial Management Inc. raised its holdings in Roku by 1,000.0% during the first quarter. Hartford Financial Management Inc. now owns 1,100 shares of the company's stock worth $71,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 52.54% of the company's stock.
In other news, VP Scott A. Rosenberg sold 3,356 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $164.51, for a total value of $552,095.56. Following the sale, the vice president now directly owns 32,266 shares of the company's stock, valued at $5,308,079.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Scott A. Rosenberg sold 13,000 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $88.94, for a total transaction of $1,156,220.00. The disclosure for this sale can be found here. Insiders have sold 193,419 shares of company stock valued at $23,925,946 in the last quarter. Company insiders own 22.70% of the company's stock.
ROKU has been the topic of several research reports. BidaskClub upgraded shares of Roku from a "buy" rating to a "strong-buy" rating in a report on Wednesday, August 28th. CIBC upped their target price on shares of Roku from $79.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, August 8th. Zacks Investment Research lowered shares of Roku from a "buy" rating to a "hold" rating in a research note on Friday, August 9th. Oppenheimer upped their target price on shares of Roku from $120.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Guggenheim upped their target price on shares of Roku from $119.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of "Hold" and an average target price of $112.98.
NASDAQ:ROKU traded up $1.69 on Monday, reaching $109.74. 544,522 shares of the company's stock were exchanged, compared to its average volume of 16,964,210. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of -1,369.80 and a beta of 1.78. Roku Inc has a 52 week low of $26.30 and a 52 week high of $176.55. The stock has a fifty day simple moving average of $136.56 and a 200-day simple moving average of $96.12.
Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.14. The firm had revenue of $250.10 million during the quarter, compared to analyst estimates of $223.36 million. Roku had a negative net margin of 2.41% and a negative return on equity of 6.77%. The company's quarterly revenue was up 59.5% compared to the same quarter last year. On average, equities analysts predict that Roku Inc will post -0.5 EPS for the current fiscal year.About Roku
Roku, Inc 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 sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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