Avior Wealth Management LLC Has $479,000 Holdings in Roku, Inc. (NASDAQ:ROKU)

Avior Wealth Management LLC increased its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 104.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,418 shares of the company’s stock after acquiring an additional 3,280 shares during the period. Avior Wealth Management LLC’s holdings in Roku were worth $479,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board lifted its holdings in shares of Roku by 138.1% during the first quarter. Canada Pension Plan Investment Board now owns 342,400 shares of the company’s stock valued at $22,314,000 after acquiring an additional 198,600 shares during the period. AQR Capital Management LLC lifted its holdings in Roku by 645.3% during the 2nd quarter. AQR Capital Management LLC now owns 221,557 shares of the company’s stock valued at $13,278,000 after purchasing an additional 191,831 shares during the last quarter. ARK Investment Management LLC boosted its position in Roku by 1.3% in the second quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company’s stock valued at $762,096,000 after buying an additional 159,785 shares in the last quarter. Andra AP fonden grew its stake in Roku by 116.6% during the second quarter. Andra AP fonden now owns 293,900 shares of the company’s stock worth $17,613,000 after buying an additional 158,200 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Roku by 323.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 199,911 shares of the company’s stock worth $13,028,000 after buying an additional 152,719 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Ratings Changes

ROKU has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Thursday, October 31st. Citigroup boosted their price objective on Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Wedbush raised their target price on Roku from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Rosenblatt Securities upped their price target on shares of Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Piper Sandler increased their price objective on shares of Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $84.67.

Insiders Place Their Bets

In related news, CAO Matthew C. Banks sold 8,693 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the sale, the chief accounting officer now directly owns 7,264 shares in the company, valued at $518,940.16. This trade represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $77.20, for a total transaction of $1,930,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at approximately $387,544. The trade was a 83.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,240 shares of company stock worth $6,729,582. Corporate insiders own 13.98% of the company’s stock.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $68.93 on Friday. The firm’s 50 day simple moving average is $74.66 and its 200 day simple moving average is $64.97. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $108.84. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of -57.45 and a beta of 2.07.

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

Roku Company 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.