Roku, Inc. (NASDAQ:ROKU) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in Roku, Inc. (NASDAQ:ROKU) by 14.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,170 shares of the company’s stock after buying an additional 10,416 shares during the period. Franklin Resources Inc.’s holdings in Roku were worth $6,275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROKU. Raelipskie Partnership acquired a new stake in Roku in the 3rd quarter valued at about $32,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Roku in the third quarter valued at approximately $43,000. GS Investments Inc. increased its holdings in shares of Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after purchasing an additional 147 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after buying an additional 375 shares in the last quarter. Finally, Cedar Wealth Management LLC acquired a new position in Roku during the second quarter worth $48,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $77.20, for a total value of $1,930,000.00. Following the transaction, the chief executive officer now owns 5,020 shares in the company, valued at approximately $387,544. This represents a 83.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.73, for a total value of $82,730.00. Following the sale, the chief financial officer now directly owns 64,555 shares in the company, valued at $5,340,635.15. This trade represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,096 shares of company stock worth $5,661,223. Company insiders own 13.98% of the company’s stock.

Roku Stock Up 2.8 %

NASDAQ:ROKU opened at $80.59 on Monday. The company has a market cap of $11.70 billion, a price-to-earnings ratio of -67.16 and a beta of 2.06. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $99.80. The company has a fifty day simple moving average of $75.32 and a two-hundred day simple moving average of $67.85.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Roku’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.33) EPS. On average, analysts expect that Roku, Inc. will post -1.1 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ROKU shares. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Roku in a report on Wednesday, December 4th. Piper Sandler lifted their target price on shares of Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and increased their price target for the company from $70.00 to $90.00 in a research note on Monday, November 18th. Morgan Stanley lifted their price target on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, UBS Group started coverage on Roku in a research report on Friday, November 22nd. They issued a “neutral” rating and a $73.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.81.

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.