Harbor Capital Advisors Inc. Purchases 524 Shares of Roku, Inc. (NASDAQ:ROKU)

Harbor Capital Advisors Inc. raised its position in Roku, Inc. (NASDAQ:ROKU) by 6.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,806 shares of the company’s stock after purchasing an additional 524 shares during the period. Harbor Capital Advisors Inc.’s holdings in Roku were worth $657,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Roku by 243.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,045 shares of the company’s stock valued at $133,000 after acquiring an additional 1,449 shares during the last quarter. Private Advisor Group LLC boosted its stake in Roku by 65.5% in the first quarter. Private Advisor Group LLC now owns 22,305 shares of the company’s stock valued at $1,454,000 after acquiring an additional 8,824 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Roku by 206.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,925 shares of the company’s stock valued at $1,755,000 after acquiring an additional 18,146 shares during the period. Nordea Investment Management AB increased its stake in shares of Roku by 8.2% during the 1st quarter. Nordea Investment Management AB now owns 7,842 shares of the company’s stock worth $516,000 after purchasing an additional 595 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its stake in Roku by 70.4% in the first quarter. GSA Capital Partners LLP now owns 15,540 shares of the company’s stock valued at $1,013,000 after purchasing an additional 6,420 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

Shares of Roku stock opened at $72.27 on Thursday. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of -60.22 and a beta of 2.07. The company has a fifty day moving average of $73.28 and a 200-day moving average of $64.00. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $108.84.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned ($2.33) earnings per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, equities research analysts forecast that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Robert W. Baird raised their target price on Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Guggenheim raised shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, August 23rd. Morgan Stanley raised their price target on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Wells Fargo & Company boosted their price target on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Benchmark reiterated a “buy” rating and issued a $105.00 price objective on shares of Roku in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $83.95.

Insider Buying and Selling at Roku

In other news, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total value of $75,330.00. Following the transaction, the chief financial officer now owns 54,267 shares in the company, valued at approximately $4,087,933.11. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the sale, the chief financial officer now directly owns 54,267 shares in the company, valued at approximately $4,087,933.11. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,020 shares in the company, valued at $376,500. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,776 shares of company stock worth $5,267,305. 13.98% of the stock is currently owned by insiders.

Roku Profile

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.