Venturi Wealth Management LLC Increases Holdings in Roku, Inc. (NASDAQ:ROKU)

Venturi Wealth Management LLC increased its holdings in Roku, Inc. (NASDAQ:ROKU) by 50.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 991 shares of the company’s stock after buying an additional 333 shares during the period. Venturi Wealth Management LLC’s holdings in Roku were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Swedbank AB acquired a new stake in shares of Roku in the first quarter worth $1,180,000. SG Americas Securities LLC raised its stake in shares of Roku by 238.6% during the 2nd quarter. SG Americas Securities LLC now owns 73,528 shares of the company’s stock valued at $4,407,000 after buying an additional 51,815 shares during the last quarter. Kessler Investment Group LLC lifted its holdings in shares of Roku by 21.8% in the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock valued at $5,672,000 after buying an additional 13,590 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Roku by 23.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,822 shares of the company’s stock worth $4,094,000 after buying an additional 11,851 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Roku by 0.8% during the first quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company’s stock worth $778,560,000 after acquiring an additional 92,658 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $77.20, for a total transaction of $1,930,000.00. Following the sale, the chief executive officer now owns 5,020 shares of the company’s stock, valued at approximately $387,544. The trade was a 83.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total value of $75,330.00. Following the completion of the transaction, the chief financial officer now owns 54,267 shares of the company’s stock, valued at $4,087,933.11. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,776 shares of company stock worth $5,267,305 in the last ninety days. 13.98% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ROKU has been the topic of several recent research reports. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 price objective on the stock in a research report on Tuesday, October 1st. Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Friday, August 23rd. Macquarie reiterated an “outperform” rating and issued a $90.00 price objective on shares of Roku in a research report on Thursday, October 31st. Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 target price on the stock in a research note on Thursday, September 12th. Finally, Benchmark reaffirmed a “buy” rating and issued a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.95.

Roku Stock Performance

NASDAQ:ROKU opened at $74.32 on Friday. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84. The stock has a market cap of $10.79 billion, a PE ratio of -61.93 and a beta of 2.07. The stock has a 50 day moving average price of $74.12 and a 200 day moving average price of $64.51.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned ($2.33) EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, analysts predict that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.